How Much Does It Cost to Sell a Home in NYC in 2026?
Selling a home in New York City typically costs about 7% to 10% of the sale price. The biggest pieces are the broker's commission, the NYC and New York State transfer taxes, your attorney and, if you own a co-op, the building's flip tax. Here's what each one costs, with examples for condos and co-ops at $800,000, $1 million and $2 million.
The short answer
On a $1 million sale, expect about $72,750 in costs for a condo and about $93,250 for a co-op with a 2% flip tax.
What costs do NYC sellers pay?
Six main costs, and two of them, commission and transfer taxes, make up most of the total.
- 1Negotiable
Broker commission
The largest cost for most sellers, paid at closing out of the sale proceeds. It's always negotiable. Our examples use 5% to show the math.
- 21%–1.425%
NYC transfer tax
Paid by the seller in a typical resale: 1% of the price for sales of $500,000 or less and 1.425% above $500,000.
- 30.4%–0.65%
New York State transfer tax
Also paid by the seller: 0.4% of the price, or 0.65% for residential sales of $3 million or more in NYC.
- 4About $2,500–$5,000
Seller's attorney
Reviews the contract, handles the closing and, for co-ops, works through the board and lien search. Commonly a flat fee.
- 5Often 1%–3%
Flip tax Co-ops
A transfer fee many co-ops charge on a sale, often 1% to 3% of the price. Some buildings base it on profit or shares, and some have none.
- 6Varies
Building and closing fees
Managing agent and processing fees, move-out deposits, co-op stock transfer stamps and lien searches, and the payoff of any mortgage.
How much does it cost to sell an $800K, $1M or $2M home?
Roughly $59,100 to $181,500, depending on the price and whether it's a condo or co-op. Here's how the costs add up in six examples.
What a seller pays at three price points
Estimated seller costs as a share of the sale price (full bar = 10%)
$800K condo
$59,1007.4% of price
$800K co-op
$75,6009.5% of price
$1M condo
$72,7507.3% of price
$1M co-op
$93,2509.3% of price
$2M condo
$141,0007.1% of price
$2M co-op
$181,5009.1% of price
Illustrative estimates assuming a 5% commission, $3,500 attorney fee, a 2% flip tax for co-ops and typical building fees. Your numbers will differ.
Cost | Condo$800K | Co-op$800K | Condo$1M | Co-op$1M | Condo$2M | Co-op$2M |
|---|---|---|---|---|---|---|
Commission (5%) | $40,000 | $40,000 | $50,000 | $50,000 | $100,000 | $100,000 |
NYC transfer tax | $11,400 | $11,400 | $14,250 | $14,250 | $28,500 | $28,500 |
NYS transfer tax | $3,200 | $3,200 | $4,000 | $4,000 | $8,000 | $8,000 |
Attorney | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 |
Flip tax (2%) | – | $16,000 | – | $20,000 | – | $40,000 |
Building and closing fees | $1,000 | $1,500 | $1,000 | $1,500 | $1,000 | $1,500 |
Total | $59,100 | $75,600 | $72,750 | $93,250 | $141,000 | $181,500 |
Share of sale price | 7.4% | 9.5% | 7.3% | 9.3% | 7.1% | 9.1% |
Estimates for illustration only. Commission shown at 5% and flip tax at 2% to show the math; both vary. Building fees are typical estimates. Excludes mortgage payoff and capital gains taxes.
Why does selling a co-op cost more than a condo?
Mostly the flip tax. On a $1 million co-op with a 2% flip tax, that's $20,000 the condo seller doesn't pay, which pushes total costs from about 7.3% to 9.3% of the price. Co-op sales also tend to carry more paperwork, from the board package to stock transfer and lien searches, and a longer timeline.
Every co-op sets its own policy, so read your proprietary lease or ask the managing agent before you price your home. A flip tax based on profit, rather than the full price, can make a big difference to what you net.
Want to know exactly what you'd net? Contact Darrell Williams for a seller's net sheet based on your home.
How can NYC sellers keep more of their sale price?
By planning the numbers before you list. A few things make the biggest difference.
- Know your building's fees up front.Ask for the flip tax policy and fee schedule before you set a price, so nothing surprises you at closing.
- Price it right the first time.Every month on the market adds carrying costs, and overpriced homes often sell for less in the end.
- Compare agents on net, not just fee.The right pricing and marketing usually matter more to your bottom line than a small difference in commission.
- Talk to your accountant.Capital gains taxes aren't a closing cost, but they affect what you keep. Primary-residence owners may qualify for an exclusion.
Frequently asked questions
How much does it cost to sell a home in NYC in 2026?
Most NYC sellers should budget roughly 7% to 10% of the sale price. In our examples, costs range from about 7.1% for a $2 million condo to about 9.5% for an $800,000 co-op with a 2% flip tax. Commission is the largest cost, followed by transfer taxes and, for co-ops, the flip tax.
Who pays transfer taxes when selling a home in New York City?
In a typical resale, the seller pays both. The NYC transfer tax is 1% of the price for homes sold for $500,000 or less and 1.425% above that. The New York State transfer tax is 0.4%, rising to 0.65% for residential sales of $3 million or more in NYC.
Do sellers pay the mansion tax in NYC?
No. The mansion tax applies to purchases of $1 million or more and is paid by the buyer.
What is a flip tax on a NYC co-op?
A flip tax is a transfer fee some co-ops charge when an apartment sells, usually paid by the seller. It's often a percentage of the sale price, commonly 1% to 3%, but some buildings charge a share of profit or a fee per share, and some have none. Your building's offering plan or proprietary lease spells it out.
How much is a real estate attorney for a seller in NYC?
Seller attorney fees in NYC commonly run about $2,500 to $5,000, depending on the attorney and the complexity of the sale. Co-op sales often cost a little more because of board and lien work.
Is the real estate commission negotiable in NYC?
Yes. Commissions are always negotiable. What matters most is what you net, so compare agents on their pricing strategy and marketing plan as well as their fee.
Are closing costs higher for co-ops or condos?
Usually co-ops, mainly because of the flip tax many co-ops charge. Co-op sellers may also pay managing agent, stock transfer and move-out fees, while condo sellers typically pay smaller building fees.
How can I find out exactly what it will cost to sell my home?
Get your building's fee schedule and flip tax policy, then run the numbers on a realistic sale price. Contact Darrell Williams for a seller's net sheet based on your home.
Thinking about selling your home in New York City? Contact Darrell Williams for a private consultation and seller's net sheet, or view my Compass profile and listings.
