Most home sellers think about their sale price. The number that actually matters is the wire amount that hits your bank account at closing. That is your net.
Here is what is coming out of your gross sale price in 2026 — for both Staten Island and Brooklyn.
The line items every NYC seller pays
- NYS transfer tax: 0.4% of sale price (1.65% above $3M for a 2- to 6-family home effectively)
- NYC Real Property Transfer Tax: 1% on residential sales under $500,000, 1.425% above
- Mansion tax: The buyer pays this, but it suppresses your top buyers — if your home is right under a threshold ($1M, $2M, $3M, $5M, $10M, $15M, $20M, $25M), price strategy matters
- Seller attorney: $2,000 to $4,500 depending on complexity
- Title-related charges: Usually buyer-side, but check your contract
- Broker commission: Negotiable; typically 5% to 6% total split
- Coop flip tax: Building-specific; can be 1% to 3% of sale price
- Concessions to buyer: Closing-cost credits, repair credits, etc.
Staten Island example: $750,000 single-family
Gross sale: $750,000
NYS transfer tax (0.4%): $3,000
NYC RPTT (1.425%): $10,688
Seller attorney: $2,500
Broker commission (5%): $37,500
Estimated payoff (mortgage, depends on you): varies
Estimated seller closing costs: ~$53,688
Net before mortgage payoff: ~$696,312
Brooklyn example: $1,200,000 condo
Gross sale: $1,200,000
NYS transfer tax (0.4%): $4,800
NYC RPTT (1.425%): $17,100
Seller attorney: $3,500
Broker commission (5%): $60,000
Estimated seller closing costs: ~$85,400
Net before mortgage payoff: ~$1,114,600
Use the calculator before you list
Every Bridge and Boro seller gets a custom net sheet before list day. Run your own preview using our NYC Closing Cost Calculator.
Want a real number, not an estimate?
Call Joseph Ranola at (917) 905-2541 or email [email protected]. We will run a custom net sheet on your home with current 2026 numbers, and tell you what to expect at the closing table.
