Seller Closing Costs in New York
What it costs to sell a home in New York, itemized in plain terms, with a calculator pre-loaded with New York defaults.
Estimates for planning, not a settlement statement. Confirm final figures with your title company.
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The seller's costs, line by line
Selling a home in New York carries a handful of predictable costs. Here is a sample on a $400,000 sale. Your numbers will differ; the calculator below runs them for you.
Sample breakdown on a $400,000 sale
Agent commission (about 5.5%): $22,000
Negotiable, and since the 2024 settlement, buyer-agent compensation is agreed separately rather than assumed.
Transfer tax: $1,600
New York has a state transfer tax, and New York City adds its own, so combined rates are higher in the city.
Title, escrow, and settlement: $4,000
Roughly 1% of the price, varies by county and provider.
Recording and misc: $150
Small fixed fees to record the deed.
Estimated total
About $27,750 on $400,000, most of it commission. On your own sale price the share stays similar, so the calculator is the fastest way to a real number.
Frequently asked
How much are seller closing costs in New York?
On a $400,000 sale, a New York seller often sees roughly $27,750 in total costs, most of it the agent commission. New York also charges a transfer tax. Use the calculator for your own numbers.
Who pays closing costs in New York?
The seller typically covers the commission, any transfer tax, title and settlement fees, and their mortgage payoff. Buyers usually cover lender and inspection costs. Every split is negotiable in the contract.
Can a New York seller reduce closing costs?
The largest line is commission, which is negotiable. Shopping title and settlement providers can help too. The transfer tax is set by law and is not negotiable.
Closing cost guides for other states
New Jersey, Montana, New Mexico, Ohio, Pennsylvania, Oregon.
Prefer the interactive version? Use the New York net sheet calculator.