Mansion or not, you can't escape the so-called mansion tax

… buyers are more likely to end up with a one bedroomso its a closing cost that is shouldered by many buyers The mansion … mansion tax said real estate attorney Sandor Krauss  who acknowledged it can be painful to stomach The tax rate … taxes can trigger the mansion tax … Typically the seller pays the state and city transfer taxes but in some cases …

By Jennifer White Karp |April 14, 2025 - 10:00AM
The buyer's and seller's guide to NYC closing costs

… expect and others unique to New York  For sellers closing costs take a serious bite out of the proceeds For buyers … pay 2 to 4 percent of the purchase price of a coop condo or townhouse  … A good rule of thumb is to set aside roughly 2 … apartment which can amount to thousands of dollars and the buildings insurance costs for the first year In a slow …

By Evelyn Battaglia |January 6, 2025 - 10:00AM