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Q » What are the common closing costs when purchasing a co-op apartment?

Matthew

29 Oct, 2025

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A » When purchasing a co-op apartment, common closing costs include the application fee, attorney fees, building flip tax, UCC-1 filing fee, and a move-in deposit. Buyers may also encounter the managing agent's fee, lien search fee, and the cost of a financial statement review. These fees vary by location and co-op board, so it's essential to review the co-op's specific financial requirements and consult with a real estate attorney.

Michael

30 Oct, 2025

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A »When purchasing a co-op apartment, common closing costs include transfer fees, attorney fees, and flip taxes. The buyer typically pays the attorney fees, while the seller may pay the flip tax. Other costs may include mortgage recording tax and title insurance, if applicable. Total closing costs can range from 2-5% of the purchase price.

David

30 Oct, 2025

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