Bricktionary

… But theres one more cost you should watch out for when you sell a flip tax if you live in a coop or a transfer fee if … to our experts   These fees are paid to your board at closing and are usually based on a percentage of the sales … fee … Flip taxes and transfer fees are very common in NYC says Richard Apell controller at property manager Argo …

… The vast majority of residential buildings in New York City … on the Upper West and East sides as well as in Battery Park Brooklyn has a smattering too The reason behind this rarity … that lease their sites from NYC and buildings such as Quay Tower in Brooklyn Heights Instead of paying property taxes …