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James Finelli | The Finelli Team at Compass
110 5th Ave, 3rd Floor, New York, NY 10011
james.finelli@compass.com · (516) 859-1484

© 2026 The Finelli Team. All rights reserved.

Required notices

Disclosures

Brokerage identification, fair-housing notices, agency disclosure, and data-source attribution for The Finelli Team at Compass. Full documents are linked throughout.

New York required notices

NYS Fair Housing NoticeProtections under federal, New York State, and New York City law — including lawful source of income.Read the notice →Standard Operating ProceduresCompass's published procedures under Real Property Law § 442-h — identification, buyer representation, pre-approval.Read the procedures →NYS Agency DisclosureWho an agent works for in New York, and when a representation agreement begins (DOS-1736-f).Read the disclosure →

Brokerage & Equal Housing

The Finelli Team is a team of real estate agents affiliated with Compass. Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws.

The Finelli Team at Compass · 110 5th Ave, 3rd Floor, New York, NY 10011 · (516) 859-1484

We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.

Full disclosures →

Fair Housing & Anti-Discrimination

Federal, New York State, and New York City law prohibit discrimination in the sale or rental of housing. Protected characteristics include race, creed, color, national origin, citizenship or immigration status, sexual orientation, gender identity or expression, military status, sex, age, disability, marital status, status as a victim of domestic violence, lawful source of income, and familial status. We do not discriminate on the basis of lawful source of income, including housing vouchers.

  • New York State Housing and Anti-Discrimination Notice (Department of State) — read the notice
  • New York State Division of Human Rights — dhr.ny.gov
  • New York City Commission on Human Rights — nyc.gov/cchr
NYS Fair Housing Notice →

Standard Operating Procedures

Pursuant to New York Real Property Law § 442-h, Compass publishes its standardized operating procedures for prospective purchasers. The procedures cover whether identification is required, whether a buyer representation agreement is required, and whether mortgage pre-approval is required. Read Compass’s New York Standard Operating Procedures.

Full SOP page →

Agency Disclosure

New York law requires real estate licensees to provide the New York State Disclosure Form for Buyer and Seller at first substantive contact, and to obtain a signed acknowledgment. Review the disclosure form. We will provide the form and ask for your acknowledgment before we represent you.

Full agency disclosure →

Reasonable Accommodations

Prospective tenants may request reasonable accommodations or modifications. Read the New York State Division of Human Rights notice.

Accommodation notice →

Listing & IDX Disclosures

Listing information is provided by the REBNY RLS and is deemed reliable but is not guaranteed accurate. Data is for consumers’ personal, non-commercial use. Property photographs belong to the listing broker or photographer and may not be reproduced without written permission. If your property is currently listed with another broker, this is not a solicitation.

Data Sources & Attribution

Public records on this site come from NYC Open Data — including ACRIS property records, PLUTO/MapPLUTO lot data, and Department of Buildings datasets. Listing information is provided by the REBNY RLS and Compass.

Some pages use public data — including ACRIS, PLUTO/MapPLUTO, and other NYC Open Data sets — and third-party services. That data is provided “as is” without warranty of accuracy, completeness, or timeliness. It is not a substitute for a title search, survey, inspection, appraisal, or legal advice. Verify anything you intend to rely on.

  • Listing information is deemed reliable but is not guaranteed accurate by the MLS. Prices and availability change without notice.
  • Public records may be stale, incomplete, or inaccurate. They are not a substitute for a title search, survey, inspection, appraisal, or legal advice. Verify anything you intend to rely on.
  • Most pages refresh within minutes; some datasets (assessments, neighborhood statistics, tax rates) refresh on a slower schedule.
Data Policy →

Calculators & Estimates

Estimates only — this is not tax, legal, financial, or lending advice. Figures are illustrative and depend on facts a calculator cannot see: your rate and terms, credits, exemptions, building rules, and current law. Rates and thresholds change. Confirm every number with your attorney, accountant, or lender before you rely on it or act on it.

Our calculators and any value estimates are informational only. They are not an appraisal, a comparative market analysis, or an offer of credit. Actual rates, fees, and costs vary.

Terms of Use →

Disclosures effective September 29, 2026. The effective date on each full document reflects the current version.

Privacy PolicyTerms of UseDisclosuresData PolicyFair HousingSOPAgency DisclosureAccommodationsAccessibility

Closing Costs Calculator

How this is calculated

Closing costs are calculated as the sum of fixed fees and percentage-based fees tied to the property value or loan amount.

C = ΣFi + Σ(V × rj)

Where C is the total closing costs. Fi represents individual fixed fees like appraisals or recording fees. V is the property value or loan amount. rj represents specific rate-based costs like origination fees, transfer taxes, or the mansion tax.

Property Details

$
Property Type
$

Down payment: $370,000

Closing Costs

C = ΣFᵢ + Σ(V × rⱼ)

Government Taxes

Mansion Tax
$
Mortgage Recording Tax
$

Lender Fees

Origination Fee
$
Appraisal
$
Credit Report
$

Title & Legal

Title Search
$
Title Insurance
$
Attorney
$

Prepaits & Escrow

Tax Escrow (3 months)
$
Insurance Prepay (1 year)
$
Prepaid Interest (15 days)
$

Other

Move-in Fee
$

Paid by the seller

Customary and negotiable between buyer and seller. Shown for context — this is not part of your cash to close.

Government Taxes

Transfer Tax (NYC)
$
Transfer Tax (NYS)
$
Your Closing Costs$78,772
As % of Purchase4.26%
Down Payment$370,000
Cash Needed to Close$448,772
Seller’s side (not your cash)$33,763

Estimates only — this is not tax, legal, financial, or lending advice. Figures are illustrative and depend on facts a calculator cannot see: your rate and terms, credits, exemptions, building rules, and current law. Rates and thresholds change. Confirm every number with your attorney, accountant, or lender before you rely on it or act on it. Tax rates verified 2026.

Calculations provided by The Finelli Team at Compass — NYC real estate experts who turn numbers into neighborhoods. For personalized guidance, reach out at jamesfinelliteam.com.

Know what you'll need at the table

Closing costs vary by building type, price, and financing. An agent can break down exactly what to expect for your deal — no surprises on closing day.

Talk to an agent about closing

Buying in New York City comes with costs beyond the purchase price. This calculator estimates your buyer closing costs — mansion tax, mortgage recording tax, title insurance, lender fees, and prepaid taxes and insurance — and shows the seller's transfer taxes separately so the two are never confused.

What are buyer closing costs in NYC?

They are the fees and taxes a buyer pays at closing, usually about 3–6% of the purchase price. The largest line items are the mansion tax for purchases of $1 million or more and the mortgage recording tax when you finance.

How is the mansion tax calculated?

It applies to purchases of $1 million and up and is charged on the entire purchase price using graduated rates — not just the amount over $1 million. The calculator pulls the current brackets from The Finelli Team's live tax data.

Do co-ops pay the same closing costs as condos?

No. A co-op purchase is a transfer of shares and a proprietary lease, so the mortgage recording tax generally does not apply and title insurance is handled differently. Select the property type to see the difference.

Who pays transfer taxes?

New York transfer taxes are typically paid by the seller. This calculator lists them separately and excludes them from your buyer total, so you see exactly what you owe.

Frequently asked questions

How much are closing costs in NYC?

NYC buyers typically pay about 3–6% of the purchase price, driven by the mansion tax, mortgage recording tax, title insurance, lender fees, and prepaid taxes and insurance. All-cash purchases pay less because there is no loan.

Who pays the mansion tax?

The buyer, on purchases of $1 million or more. It is a graduated tax applied to the whole purchase price, not just the portion above $1 million.

Do co-op purchases pay mortgage recording tax and title insurance?

Generally not the mortgage recording tax, and title insurance is handled differently — a co-op purchase is a transfer of shares plus a proprietary lease, so several condo-specific costs do not apply.

Are seller transfer taxes included in my total?

No. This calculator shows seller-paid transfer taxes separately and excludes them from the buyer's cash-to-close total.

Last reviewed October 2026. General information only, current as of the review date above — not tax, legal, financial, or lending advice. New York City and New York State rules, rates, and thresholds change and are sometimes under legal challenge. Confirm every figure with your attorney, accountant, or lender before you rely on it.

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