Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
Estimates only. Not financial, tax, or legal advice. Actual costs depend on your specific situation, creditworthiness, and current market conditions. Tax law changes frequently. Consult your CPA, attorney, and lender before making any real estate decision.

Free NYC Tool

Rent vs. Buy Calculator

See the true all-in cost of buying vs. renting in NYC. Mansion tax, MRT, opportunity cost of your down payment, equity build-up, and the year renting stops winning.

B Buy Side

$
%
$
6.50%
$

Co-op maintenance, condo common charges, and/or property tax combined.

3.0%

R Rent Side

$
3.0%
$

Scenario

6.0%
39%

Used for mortgage interest + property tax deduction (SALT cap: $10,000).

Your Result

Calculating...

Cost Breakdown

Metric Buy Rent

Cumulative Cost Over Time

Lower line = less total money out of pocket. Crossover = break-even year.

NYC Tax Assumptions Used

Sources: NYC DOF, NYS DTF (NYS Tax Law sections 1402, 1402-a, 253), IRS Publication 936.

Want the Real Numbers?

Calculators show estimates. Milton can walk you through what a specific property actually costs, connect you with vetted NYC mortgage brokers, and run a full closing cost breakdown before you make an offer.

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Disclaimer

Estimates only. Not financial, tax, or legal advice. Actual costs depend on your specific situation, creditworthiness, and current market conditions. Tax law changes frequently, including potential TCJA sunset provisions affecting SALT deductions after 2025. Consult your CPA, attorney, and lender before making any real estate decision. All investment return assumptions reflect historical averages and are not guarantees of future performance.

Milton Coste, Licensed Real Estate Associate Broker, Keller Williams NYC. License #10401274378. (917) 416-7433. 360 Madison Avenue, 9th Floor, New York, NY 10017.

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