Selling costs vary by property type but commonly include: (1) Broker commission (negotiable, typically split between listing and buyer agents), (2) NYC and NYS transfer taxes (rates vary by price), (3) Attorney fees, (4) Flip tax (co-ops only, varies by building), (5) Move-out fees and miscellaneous costs. Co-ops and condos have different cost structures. Obtain specific estimates from a licensed agent and real estate attorney for your property type and price point before listing. To put figures against your own price, the seller net proceeds calculator runs the full deduction list and the NYC transfer tax calculator isolates the two government taxes.
Both pay the same government transfer taxes: the NYC Real Property Transfer Tax at 1.00% of the price at $500,000 or less and 1.425% above it, plus the New York State transfer tax at 0.40%, rising to 0.65% on residential sales of $3,000,000 or more. The difference is the co-op flip tax, typically 1% to 3% of the sale price and set by your building; condos generally have none. Attorney fees commonly run $2,000 to $4,000 on either. Check your own price in the NYC transfer tax calculator, then run the whole picture through the seller net proceeds calculator. Your building sets the flip tax, so confirm it with management before you price.
Time on market varies significantly based on property type, price point, condition, location, and current market conditions. After accepting an offer, closing typically takes additional time (co-ops require board approval which adds time; condos may close faster). Market conditions change - consult with a licensed agent for current expectations in your specific neighborhood and price range. Properties priced appropriately for current market conditions typically sell faster. If you are buying another NYC home with the proceeds, the order of the two transactions drives the timeline more than either one alone: see selling larger and buying smaller in NYC.
This depends on your propertys condition and your goals. Generally cost-effective: Fresh neutral paint, professional cleaning, minor repairs, decluttering and staging. Often NOT cost-effective: Major renovations like full kitchen/bathroom remodels (buyers may prefer to customize). Every property is different - consult with a licensed agent to evaluate your specific situation and determine what improvements, if any, would benefit your sale. The NYC seller hub collects the pricing tools, guides, and consultation options in one place.
Co-op sellers typically need: (1) Proprietary lease and house rules, (2) Recent maintenance statements, (3) Building financial statements, (4) Records of approved alterations, (5) Proof of no outstanding fees or violations, (6) Information about flip tax and transfer policies. Your attorney and listing agent can help compile required documentation. Requirements vary by building, so verify specific requirements with your buildings management company. If you are selling as the executor of an estate, the building will also ask for a transfer package with certified letters and the death certificate before anything moves: see selling an inherited property in NYC.
Condo sellers typically need: (1) Deed, (2) Offering plan and amendments, (3) Recent common charge statements, (4) Tax records, (5) Any alteration agreements, (6) Building financial information for buyer due diligence. Requirements vary - your attorney and listing agent can guide you through the documentation process. Some buildings may have additional requirements or right of first refusal provisions.
Using a Coming Soon pre-market strategy, your property appears across RLS, Zillow, Trulia, and StreetEasy with a Coming Soon badge before the official MLS launch. This pre-market exposure lets you reach millions of active buyers while gauging interest, tracking saves, and collecting inquiries. All buyer inquiries go directly to me, so you maintain full control of the process. You can use this preview period to refine pricing, adjust your listing strategy, and build momentum before going active. This gives your property two launches instead of one: first as Coming Soon across major platforms, then the full MLS launch. Learn more about pre-market listing strategy here. What happens after launch, week by week, including the listing video and 3D tour I shoot myself, is laid out in selling an apartment in Manhattan.
A Coming Soon listing is a pre-market strategy that gives your property exposure across major platforms before the official MLS launch. Through the RLS Coming Soon status and Keller Williams' Zillow Preview tool, your property appears on RLS, Zillow, Trulia, and StreetEasy with a Coming Soon badge, full photos, pricing, and details. Key benefits for sellers: (1) Pre-market exposure to millions of buyers across multiple platforms, (2) All inquiries route directly to your listing agent, (3) Track buyer interest through saves and views before going live, (4) Adjust pricing or strategy based on real demand signals, (5) No showings or offers during the Coming Soon period, protecting your privacy until you are ready. Read the full breakdown of Coming Soon pre-market strategy for NYC sellers.