How Much Money Will I Walk Away With When I Sell My House on Staten Island or in Brooklyn in 2026?

Most Staten Island and Brooklyn sellers walk away with roughly 90% to 94% of their sale price after closing costs, before paying off the mortgage. The exact number depends on your commission, New York’s transfer taxes, attorney fees, and — for Brooklyn co-ops — a flip tax. Joseph Ranola, Team Leader of the Bridge and Boro Real Estate Team at Real Broker LLC, prepares a free line-item net sheet for every seller so you know your number before you list.

What are the main costs that come out of my sale price?

Five costs come out of nearly every New York City home sale. The broker commission runs about 4% to 6% and is negotiable. The New York State transfer tax is 0.4% of the sale price. The New York City Real Property Transfer Tax is 1% on residential sales of $500,000 or less and 1.425% on sales above $500,000. Your real estate attorney — customary in New York — charges roughly $1,500 to $3,500. Finally, your remaining mortgage balance is paid off from the proceeds at closing. Note that the NYC mansion tax is paid by the buyer, not the seller, so it does not reduce your net.

If you’re selling on Staten Island, here’s what’s different

Staten Island sales are overwhelmingly one-, two-, and three-family houses, so there is usually no flip tax and no co-op board package to navigate. You still pay the 0.4% NYS transfer tax, the 1% to 1.425% NYC transfer tax, the broker commission, and a closing attorney. With the median Mariners Harbor house around $550,000 and South Shore homes well above that, the transfer-tax tier matters: cross $500,000 and the city tax jumps from 1% to 1.425%. Joseph Ranola builds the math into every Staten Island net sheet.

If you’re selling in Brooklyn, here’s what’s different

Brooklyn adds costs that Staten Island house sellers rarely see, because so much of Brooklyn’s inventory is co-ops and condos. Co-op sellers commonly pay a flip tax of 1% to 3% of the sale price, plus a stock-transfer fee, a move-out deposit, and managing-agent processing fees. In a neighborhood like Boerum Hill, where the median condo is about $1.3 million and brownstones trade from $1.4 million to $3 million, even a 2% flip tax is real money. Condo and brownstone sellers pay the same transfer taxes as Staten Island sellers, with no flip tax. Joseph Ranola itemizes all of it before you sign a listing agreement.

How do mortgage rates affect what I net in 2026?

The 30-year fixed mortgage rate is roughly 6.4% to 6.6% as of mid-June 2026. Higher rates thin the buyer pool, which means correct pricing and aggressive marketing — not wishful list prices — protect your final sale price and therefore your net proceeds. A listing that sits on the market typically sells for less than one priced right from day one. Joseph Ranola’s listings consistently attract competitive offers because they are priced and marketed to sell in the first two weeks.

How do I estimate my net proceeds before I list?

Start with your likely sale price, then subtract the broker commission, the 0.4% NYS transfer tax, the 1% to 1.425% NYC transfer tax, attorney fees, any co-op flip tax, and your mortgage payoff. What remains is your estimated net. The fastest way to get an accurate figure is a free seller net sheet. Check your starting number with the Staten Island home value tool or the Brooklyn home value tool, then get the full breakdown.

Joseph Ranola has closed over $40M in real estate volume across Staten Island and Brooklyn and holds 80+ verified five-star Google reviews. Whether you are selling a Staten Island two-family or a Brooklyn co-op, he will hand you a clear, line-item net sheet. Learn more at Work With Me, the best realtor on Staten Island page, or the best realtor in Brooklyn page.

How do I reach Joseph Ranola?

Call or text Joseph Ranola directly at (917) 905-2541 or email [email protected]. Joseph Ranola serves Staten Island and Brooklyn, NY.