Condominium Closing Costs in NYC for Purchasers - Peter Zinkovetsky

BSPE Legal Marketing Podcast · Sep 14, 2022 · 5m

From Avenue Law Firm - In this episode, we explore the essential topic of "Condominium Closing Costs in NYC for Purchasers," breaking down the numerous expenses condo buyers face beyond the purchase price. Buying a condo in New York City brings unique costs, from the Mansion Tax on properties priced over $1 million to the Mortgage Recording Tax, which applies if financing is involved. For purchasers, these additional costs can range from 2% to 5% of the condo’s purchase price, making it crucial to understand the financial commitment in advance. Avenue Law Firm’s Manhattan condo real estate…