How the numbersare calculated.

Combined NYS base 1% + NYC supplemental tiers from 0% → 2.9%, applied to the full sale price on residential transactions ≥ $1M. We use the tier schedule effective July 1, 2019.

Source: NYS Tax Law § 1402-a; NYC Dept. of Finance Real Property Transfer Tax guidance.

NYC RPTT: 1.0% (≤ $500K) / 1.425% (> $500K). NYS transfer tax: 0.4% (≤ $3M) / 0.65% (> $3M). On sponsor / new-dev sales, the buyer typically pays both. Our Closing Cost calculator applies tiered rates when "Sponsor / new development unit" is checked.

Source: NYC Admin. Code § 11-2102; NYS Tax Law Article 31.

1.8% on loans < $500K; 1.925% on loans ≥ $500K. The lender pays 0.25%, so the buyer's effective portion is 1.55% / 1.675%. Co-ops are exempt — shares are personal property, not real estate.

Approx. 0.45% of purchase price for the owner's policy, plus a mortgage policy of ~0.25% of the loan. Rates are regulated by TIRSA; actual quotes vary by underwriter and endorsements. Co-ops are exempt.

Tax abatements can reduce the assessed property tax by 25–100%, often on a phase-out schedule that increases tax each year. Our Monthly Payment and Investment calculators include an "Abatement %" field. Check the offering plan or NYC Dept. of Finance website for your building's specific schedule and expiration year — this materially changes carrying cost.

Building-specific. Most NYC co-ops charge 1–3% of sale price, but some charge a flat fee, a per-share amount, or a percentage of the seller's gain. The Seller Net calculator supports all three methods — pull the exact rule from your proprietary lease or house rules.

• Pied-à-terre tax — proposed (NYS S.44, 2019) but not enacted. Removed from the calculators to avoid modeling a tax that doesn't exist.
• NYC unincorporated business tax on rental income — entity-specific.
• Capital gains, NIIT, depreciation recapture — these depend on your full tax situation. Talk to a CPA.
• PMI — most NYC buyers put 20%+ down; PMI is rare. Add it manually to the bank-fees line if relevant.

These calculators are estimates. Confirm every figure with your attorney, lender, accountant, and (for co-ops/condos) managing agent before signing a contract. Tax rates, building rules, and abatement schedules change.