Team Pitch 2021 Rebrand by Douglas Elliman

Invested. Informed. Engaged.

Your Property

Our Priority We have more agents, more sales and more reach than any other brokerage. We can bring you more buyers, more exposure and the highest price for your property. Our scale adds value to your property. We already have your buyer’s attention.

OUR STRENGTHS, YOUR RESULTS.

You Only Get One Chance to Make

Billions of First Impressions Douglas Elliman has the broadest exposure on the web.We place your property in front of qualified buyers.

Strength in Numbers LET US PUT OUR STRENGTH TO WORK FOR YOU.

7,000+

105

$28.7

PROPERTY SOLD EVERY

AGENTS,

MINUTES

OFFICES

OF THE LARGEST INDEPENDENT RESIDENTIAL REAL ESTATE BROKERAGES IN THE US

BILLION IN SALES

Based on 2019 Douglas Elliman Sales Data.

Rachel Altschuler Rachel Altschuler balances the diverse needs of buyers, sellers and renters as well as developers and investors with diligence and professional acuity. With Douglas Elliman’s extensive resources, Rachel is able to offer her clients not only a full range of broker services but her exceptional knowledge of the industry and wide range of areas throughout New York City. What separates Rachel from the pack is her mission to find a property or price far superior to what even the client envisioned. Licensed Associate Real Estate Broker O: 212.224.7315 M: 917.626.2529 raltschuler@elliman.com 575 Madison Ave 3rd Floor New York, NY 10022 2004-2020 Pinnacle Award Recipient Over $800,000,000 in Sales Top 1% of sales professionals at Douglas Elliman Ranked #4 Team in Transactions by Volume in Brooklyn

With her comprehensive knowledge of the real estate industry, Rachel offers custom-made services for each client’s needs. Buyers and Sellers can feel assured that their investment will receive the kind of personal attention it deserves through painstaking diligent attention to detail. With experience on closing out multiple new development projects in the last 13 years, Rachel knows all facets of new construction including the preliminary stages such as market analysis, product design and staging. A native New Yorker and resident, Rachel’s network of colleagues and friends is unsurpassed. A graduate of Binghamton University with a Bachelor of Arts Degree in Psychology and a minor in Human Resource Management and Marketing, Rachel’s various careers have included finance, marketing and advertising. Her effectiveness and success can be seen in the repeat business and growing recommendations of her clients.

Ranked #3 Team in Rental Transactions by Volume in Manhattan

WHAT PEOPLE ARE SAYING ABOUT “Rachel Altschuler made my search for a new home so easy. She knew exactly what questions to help find the place for me. I always knew she was looking out for me and was going to get me the best place for the best price. Next home search I know who I am calling!” -Kjerstin Beatty “I have known Rachel Altschuler for well over a decade and she has handled several transactions for me. I am a real estate professional, working for Vornado Realty Trust and Merrill Lynch, for over 30 years. Rachel is a highly dedicated, highly intelligent professional who has treated every assignment I have asked of her, large or small, with professionalism, thought and caring. Most importantly, her integrity is beyond reproach. I trust her implicitly.” -Fred “My experience with Rachel has been excellent. She professional, caring and takes excellent care of her clients. It’s been a pleasure working with her and I look forward to working with her in the future.” -Desranee Prashad

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Nadia Bartolucci Moving to New York City over a decade ago, Nadia Bartolucci appreciates all of the culture and vibrancy that Manhattan and Brooklyn have to offer. Having worked in direct marketing as well as in the real estate principal investment division at Goldman Sachs, Nadia has been trained to continuously apply a highly disciplined approach to her work. After working at another highly respected brokerage for many years, she leapt at the opportunity to partner with Rachel Altschuler and the choice has been extremely rewarding. Licensed Real Estate Salesperson O: 212.350.8567 M: 646.673.0614 nbartolucci@elliman.com 575 Madison Ave 3rd Floor New York, NY 10022 2014-2020 Pinnacle Award Recipient Over $800,000,000 in Sales Top 1% of sales professionals at Douglas Elliman Ranked #4 Team in Transactions by Volume in Brooklyn Ranked #3 Team in Rental Transactions by Volume in Manhattan

Over 95% of Nadia’s business comes from repeat buyers, sellers, renters, and referrals. Nadia is also no stranger to working with developers. By thoroughly listening to her customers and being continuously up to date on real estate news, and trends, she enjoys working around the clock to make sure her customers are satisfied. Nadia has the skill of helping buyers and sellers feel comfortable and confident throughout the entire buying and selling process. Nadia is also no stranger to guiding renters through a similar path, as she understands the importance of handling a rental or sale with the same high level of care and professionalism. “One of the most challenging hurdles for a buyer, seller, or renter, is to understand the process. It is my job to crystallize this for them, so there are no surprises, and so they feel comfortable with the steps ahead. They should not feel pressured but confident and well informed before making their final decision.” Up before the sun rises, Nadia trains for half and full marathons and is also an avid indoor cyclist. She also fosters dogs and works to find them permanent homes. After living in Chelsea and the Lower East Side for several years, Nadia and her husband live in Park Slope along with their rescue dog, Fredo. Nadia is also a director on her building’s board.

WHAT PEOPLE ARE SAYING ABOUT “Nadia is highly motivated while still being poised and compassionate. She always has my best interests at heart and helps you to feel comfortable and confident with whatever real estate decision you choose to make. She is the best!” -Ariana Rockefeller “I’ve never been able to put blind faith into some one I’ve worked with...until I met Nadia. Nadia has time and time again placed me in the best possible position at any given moment. Over the past 6 years, I have relied on Nadia, whether it’s her taste or information on the market. She continuously delivers.” -B. Crane “Nadia seems to be connected to the best stock of places out there. She is friendly and great to work with and never rushes you – she sees the client’s perspective too. She has not only helped me find my place, but that of many of my friends too.” -N.S.

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Your Property Marketing Plan

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How We Sell

Your Property Douglas Elliman brings an unparalleled array of resources to work directly for you. We develop the marketing plan that will sell your property the way you want to sell it.

PRELAUNCH

TARGET OUTREACH

BUZZ CREATION

FULL COURT

1 2 3 4

Full marketing plan and budget are prepared. Creative development begins for brochures, professional photography, direct mail, property website, email campaign, etc., begins. If necessary, property is staged.

Word is spread through our sphere of influence (clients, broker network, influencers, etc.). Initial contacts with the press (if applicable) are made.

Website rolls out. Email campaign is launched. PR and social media sources are activated (if applicable).

All marketing channels are saturated with conten about your property. Your property is featured on Elliman.com—and appears across our unmatched syndication of search engines, broker events, print and digital advertising, social media and more.

Powerful

Marketing Tools PROFESSIONAL PHOTOGRAPHERS. DEDICATED DESIGNERS. CONTENT STRATEGISTS. We have the most powerful marketing technologies in real estate. With all of these resources and more at our fingertips, we work with you to craft the campaign that will sell your property.

Property Analysis Professional Photography & Property Brochure Professional Floor Plans & Surveys Print, Social & Digital Advertising Elliman.com & Digital Syndication

Public Relations Outreach KnightFrank.com Broker Open House Events Email Campaigns

Digital Marketing Elliman Magazine Advertising Social Media Public Open Houses

Public Relations

By the Numbers A National Brokerage Comparison of Press Mentions, Consumer Reach and Ad Value Year over year in 2020, Douglas Elliman more than doubled its potential reach of over 53.9 billion people and equivalent advertising value of over $450 million. #EllimanInTheNews

TOTAL REACH

TOTAL ARTICLES

TOTAL AD VALUE

Total potential reach of all articles that mentioned the real estate firm.

Total number of online press articles that mentioned the real estate firm.

Total ad value equivalent of all news content that mentioned the real estate firm.

53.9B

15.7K

$450M

28.3B

16K

$262M

20.3B

23K

$188M

By The Numbers – Editorial - January 1, 2020 – December 31, 2020

2021 State of the Market Reporting

elliman.com

Manhattan Sales MARKET HIGHLIGHTS

Q2-2021

Report

Manhattan, NY Sales

“The market approached robust conditions with rising prices, surging sales and more bidding wars.”

Manhattan Matrix Average Sales Price Average Price Per Sq Ft

Q2-2021

%∆ (qtr)

Q1-2021

%∆ (yr)

Q2-2020

$1,921,204

12.3%

$1,711,159

2.1%

$1,881,512

$1,548

11.6%

$1,387

-5.7%

$1,642

$1,130,000

5.1%

$1,075,000

13.0%

$1,000,000

$2,470,000

16.8%

$2,114,354

-7.1%

$2,660,000

$999,000

3.2%

$968,000

7.4%

$930,000

3,417

39.1%

2,457

151.8%

1,357

Days on Market (From Last List Date)

169

22.5%

138

36.3%

Listing Discount (From Last List Price)

6.4%

Listing Inventory

7,880

9.1%

7,224

26.6%

6.9

-21.6%

8.8

-50.0%

13.8

Q2-2021

%∆ (qtr)

Q1-2021

%∆ (yr)

Q2-2020

$1,833,345

N/A

$1,711,159

-2.8%

$1,885,495

$1,481

N/A

$1,387

-6.0%

$1,575

$1,100,000

N/A

$1,075,000

4.8%

$1,050,000

5,874

N/A

2,457

56.1%

3,764

Median Sales Price New Development Re-sale Number of Sales (Closed)

Months of Supply Year-to-Date Average Sales Price (YTD) Average Price per Sq Ft (YTD) Median Sales Price (YTD) Number of Sales (YTD)

Not only are second-quarter sales up sharply from year-ago levels, but the “COVID era discount” has been compressing since the beginning of the year. The number of sales surged 151.8% year over year to 3,417. However, the pandemic-related lockdown overlapped the prior-year quarter, resulted in the largest jump in sales activity since tracking the metric began

4.6%

124 7.9% 6,225

in 1990. Before the pandemic, there was a 15.6% increase from the second quarter in 2019 to the current quarter. The median sales price rose 13% year over year to $1,130,000, the highest level reached since the record was set at $1,215,000 in the same quarter two years ago.

For the full Elliman Report, visit elliman.com/marketreports

Manhattan Rentals MARKET HIGHLIGHTS

July 2021

Manhattan, Brooklyn and Queens Rentals

Report

“Continuation of high leasing volume pressed prices upward.” Manhattan Rentals Matrix

JUL-21

%∆ (mo)

JUN-21

%∆ (yr)

JUL-20

Average Rental Price

$4,009

2.2%

$3,922

-0.5%

$4,031

Rental Price Per Sq Ft

$67.73

4.2%

$64.97

5.2%

$64.39

Median Rental Price

$3,208

-1.3%

$3,249

-3.4%

$3,320 4,949

7,656

-20.6%

9,642

54.7%

Days on Market (From Last List Date)

Number of New Leases

-12.6%

171.4%

Listing Discount (From Last List Price)

1.0%

Listing Inventory*

11,794

Vacancy Rate*

6.07%

Brooklyn Rentals Matrix

JUL-21

1.4% -0.5%

11,853

28 2.5%

-10.1%

13,117

6.69%

4.33%

%∆ (mo)

JUN-21

%∆ (yr)

JUL-20 $3,398

Average Rental Price

$3,324

4.4%

$3,185

-2.2%

Rental Price Per Sq Ft

$47.42

3.9%

$45.65

2.8%

$46.12

Median Rental Price

$2,875

6.3%

$2,704

-4.2%

$3,000 1,333

1,870

-12.7%

2,141

40.3%

Days on Market (From Last List Date)

Number of New Leases

-6.0%

88.0%

Listing Discount (From Last List Price)

0.1%

0.3%

25 1.4%

Listing Inventory*

12,293

3.9%

11,836

237.8%

3,639

Northwest Queens Rentals Matrix

JUL-21

%∆ (mo)

JUN-21

%∆ (yr)

JUL-20 $2,775

Average Rental Price

$3,073

5.5%

$2,913

10.7%

Rental Price Per Sq Ft

$48.26

6.2%

$45.44

9.7%

$43.99

Median Rental Price

$2,850

5.6%

$2,700

14.0%

$2,500 159

398

-16.2%

475

150.3%

Days on Market (From Last List Date)

Number of New Leases

-11.4%

18.2%

Listing Discount (From Last List Price)

0.1%

Listing Inventory*

2,548

-0.1% -0.7%

2,567

33 1.0%

293.2%

648

*New methodology began December 2020

In Manhattan, heavy new leasing volume continued as price trends moved towards pre-COVID levels. In Brooklyn, the number of new leases signed remained high as the market continued to tighten. In Northwest Queens, rental price trends rose annually as reliance on concessions edged lower.

Highlights of the Monthly Survey of Manhattan, Brooklyn & Queens Residential Rentals For the full Elliman Report, visit elliman.com/marketreports

Brooklyn Sales MARKET HIGHLIGHTS

Report

Q2-2021 Brooklyn, NY Sales

“Record prices set for the third consecutive quarter pulled more listing inventory onto the market.”

Brooklyn Matrix

Q2-2021

%∆ (qtr)

Q1-2021

%∆ (yr)

Q2-2020

$1,135,332

1.9%

$1,114,193

10.1%

$1,030,970

$910,000

1.1%

$900,000

11.0%

$820,000

3,427

21.4%

2,822

124.7%

1,525

Days on Market (From Last List Date)

-6.7%

-27.6%

Listing Discount (From Last List Price)

2.5%

Listing Inventory

3,405

18.0%

2,885

26.8%

3.0

-3.2%

3.1

-43.4%

5.3

Q2-2021

%∆ (qtr)

Q1-2021

%∆ (yr)

Q2-2020

Average Sales Price Median Sales Price Number of Sales (Closed)

Months of Supply Year-to-Date Average Sales Price (YTD) Median Sales Price (YTD) Number of Sales (YTD)

2.2%

116 13.4% 2,686

$1,125,786

N/A

10.3%

$1,020,391

$905,000

N/A

11.7%

$810,000

6,249

N/A

54.3%

4,050

Price trend indicators reached new records for the third straight quarter as sales more than doubled and listing inventory expanded from the same period last year during the pandemic lockdown. Median sales price increased 11% to a record $910,000, and average sales price rose 10.1% to a record $1,135,332 respectively from the same period last year.

Highlights of the Quarterly Survey of Brooklyn Residential Sales For the full Elliman Report, visit elliman.com/marketreports

Brooklyn Rentals MARKET HIGHLIGHTS

July 2021

Manhattan, Brooklyn and Queens Rentals

Report

“Continuation of high leasing volume pressed prices upward.” Manhattan Rentals Matrix

JUL-21

%∆ (mo)

JUN-21

%∆ (yr)

JUL-20

Average Rental Price

$4,009

2.2%

$3,922

-0.5%

$4,031

Rental Price Per Sq Ft

$67.73

4.2%

$64.97

5.2%

$64.39

Median Rental Price

$3,208

-1.3%

$3,249

-3.4%

$3,320 4,949

7,656

-20.6%

9,642

54.7%

Days on Market (From Last List Date)

Number of New Leases

-12.6%

171.4%

Listing Discount (From Last List Price)

1.0%

Listing Inventory*

11,794

Vacancy Rate*

6.07%

Brooklyn Rentals Matrix

JUL-21

1.4% -0.5%

11,853

28 2.5%

-10.1%

13,117

6.69%

4.33%

%∆ (mo)

JUN-21

%∆ (yr)

JUL-20 $3,398

Average Rental Price

$3,324

4.4%

$3,185

-2.2%

Rental Price Per Sq Ft

$47.42

3.9%

$45.65

2.8%

$46.12

Median Rental Price

$2,875

6.3%

$2,704

-4.2%

$3,000 1,333

1,870

-12.7%

2,141

40.3%

Days on Market (From Last List Date)

Number of New Leases

-6.0%

88.0%

Listing Discount (From Last List Price)

0.1%

0.3%

25 1.4%

Listing Inventory*

12,293

3.9%

11,836

237.8%

3,639

Northwest Queens Rentals Matrix

JUL-21

%∆ (mo)

JUN-21

%∆ (yr)

JUL-20 $2,775

Average Rental Price

$3,073

5.5%

$2,913

10.7%

Rental Price Per Sq Ft

$48.26

6.2%

$45.44

9.7%

$43.99

Median Rental Price

$2,850

5.6%

$2,700

14.0%

$2,500 159

398

-16.2%

475

150.3%

Days on Market (From Last List Date)

Number of New Leases

-11.4%

18.2%

Listing Discount (From Last List Price)

0.1%

Listing Inventory*

2,548

-0.1% -0.7%

2,567

33 1.0%

293.2%

648

*New methodology began December 2020

elliman.com Highlights of the Monthly Survey of Manhattan, Brooklyn & Queens Residential Rentals © 2021 DOUGLAS ELLIMAN REAL ESTATE. EQUAL HOUSING OPPORTUNITY. For the full Elliman Report, visit elliman.com/marketreports

Closed Transactions

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Recently Sold

160 Leroy Street, 8NC Price: $4,080,000

70 Charlton Street, 11D Price: $2,850,000

40 Bleecker Street, 4G Price: $1,836,631.25

155 East 38th Street, 11K Price: $980,000

45 West 10th Street, 7F Price: $902,500

198 East 7th Street, 8 Price: $895,000

360 West 22nd Street, 8K Price: $865,000

234 East 14th Street, 4D Price: $650,000

elliman.com

Recently Sold

326 West 89th Street, TH Upper West Side, New York Price: $12,500,000

60 Greene Street, 3FL Soho, New York Price: $8,250,000

92 Warren Street, PH Tribeca, New York Price: $5,400,000

300 Central Park West, #27D Upper West Side Price: $7,500,000

5 East 22nd Street, 16JKL Flatiron District, New York Price: $5,325,000

1016 Fifth Avenue, 8B Upper East Side, New York Price: $4,950,000

300 Central Park West, 10F Upper West Side, New York Price: $4,300,000

271 Hicks Street, TH Brooklyn Heights, New York Price: $4,950,000

elliman.com

Recently Sold

370 8th Street Park Slope, New York Price: $4,230,000

252 East 57th St, 37B Midtown East, New York Price: $4,025,088

200 East 66th Street, A1605 Upper East Side, New York Price: $3,775,000

417 East 119th Street, TH East Harlem, New York Price: $3,585,000

Quay Tower 50 Bridge Park Drive , #11B Brooklyn Heights Price: $3,575,000

303 East 49th Street, PH22/23 Midtown East, New York Price: $3,450,000

80 Riverside Boulevard, 30A Upper West Side, New York Price: $3,337,268

345 Carroll Street, PHC Carroll Gardens, New York Price: $3,250,000

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Recently Sold

455 Central Park West, 20A Upper West Side, New York Price: $3,210,000

215 East 72nd Street, 3W Upper East Side, New York Price: $3,200,000

16 Willoughby Avenue, TH Fort Greene, New York Price: $3,200,000

233 West 26th Street, 8E Chelsea, New York Price: $3,051,000

2 River Terrace, 26A Battery Park City, New York Price: $3,000,000

277 1st Street, 4A Park Slope, New York Price: $2,791,023

505 2nd Street, 3rd FL Park Slope, New York Price: $2,785,000

60 Broadway Street, 7C Williamsburg, New York Price: $2,600,000

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Recently Sold

130 West 30th Street, 11C Chelsea, New York Price: $2,561,000

111 Wooster Street, 4B SoHo, New York Price: $2,450,000

160 West 12th Street, #25 Greenwich Village Price: $2,500,000

585 10th Street, #3 Park Slope Price: $2,371,443

242 Broome Street, 5A Lower East Side, New York Price: $1,895,000

180 West End Avenue, 16HJ Upper West Side, New York Price: $1,850,000

540 West 28th Street, 3B Chelsea, New York Price: $1,750,000

23 West 9th Street, #1 Greenwich Village Price $1,700,00

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Recently Sold

60 Broadway, 7E Brooklyn, New York Price: $1,475,000

58A Madison Street, #1 Bedford-Stuyvesant Price: 1,390,000

250 West 103rd Street, 11D Upper West Side, New York Price: $1,125,000

77 Seventh Avenue, 3P Chelsea, New York Price: $1,111,000

210 President Street, #5 Carroll Gardens Price: $1,100,000

364 Saint Marks Avenue, #2C Prospect Heights, Price: $980,000

122 West Street, 4O Greenpoint, New York Price: $925,000

943 President Street, 2F Park Slope, New York Price: $850,000

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Development Projects 21 Mercer Street Aqueduct Court, 469-479 W 152nd Street 92 Warren Street Infinity Flats, 24 East 21st Street 505 2nd Street 521 11th Street 105-115 Greenpoint Avenue 201 West 145th Street 16 Monroe Place 585 10th Street 327 West 4th Street

Adagio, 243 West 60th Street Sugar Ridge, 303 West 146th Street 234 West 148th Street 826 Tenth Avenue 871 Park Place 531 11th Street 255 Bowery 103-109 Smith Street 268 Henry Street 315 6th Street 271 Hicks Street

92 Warren Street

Infinity Flats

531 11th Street

Tips and Closing Costs

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CLOSING COSTS Closing Costs

TYPICAL ESTIMATED CLOSINGCOSTS: COSTS: CONDOMINIUM APARTMENTS TYPICAL ESTIMATED CLOSING CONDOMINIUM APARTMENTS FOR THE SELLER Broker

Seller’s Attorney

Consult your attorney

Processing Fee

$600+

Miscellaneous Condo Charges

Varies by building

UCC-3 Filing Fee

$20 - $40 in all counties except Nassau

UCC-3 Filing Fee (Nassau)

$340 ($40 to file + $300 per block)

Sponsor’s Attorney Fee

$1,500 and up (new development only)

Working Capital Fund Contribution

An amount equal to 1–2 months common charges

Pick-Up/Payoff Fee to Title Closer

$200–$500, consult your attorney

Flip Tax

Varies building to building, consult your agent

TRANSFER TAX NY STATE TRANSFER TAX1

PROPERTY TYPE

NYC RPT

Single Residence Condo Unit $499,999.99 and below

$2 per $500 of conveyance price

Residential Units $500,000 and up

1.425%

$2 per $500 of conveyance price

Residential Units $3,000,000 and up (NYC Only)

1.425%

$3.25 per $500 of conveyance price

Commercial Properties and Vacant Land under $500,000.00

1.425%

$2 per $500 of conveyance price

Commercial Properties and Vacant Land $500,000 and up

2.625%

$2 per $500 of conveyance price

Commercial Properties and Vacant Land $2,000,000 and up (NYC Only)

2.625%

$3.25 per $500 of conveyance price

EQUAL HOUSING OPPORTUNITY.

ADDITIONAL EXPENSES: Maintenance Adjustment

Pro-rates for the month closing

Short-term interest

Equal interest for the balance of month in which you close

Transfer taxes paid by seller, except in the case of sponsor sales, in which case the transfer tax is paid by the purchaser at a higher rate. City of Yonkers has an additional 1.5% transfer tax over $25,000. City of Mount Vernon has an additional 1% transfer tax with $100,000 exemption. This closing-cost guide is designed to give you the general costs associated with the purchase or sale of a condominium property. Please note that these are estimates and that potential buyers and sellers should consult their real estate attorney or financial advisor for specifics. Kindly note, we do not represent that these are the entirety of potential costs, but are only to be used as a guide. All transfer taxes and filing fees are subject to change by government agencies in each location. 1

CLOSING COSTS Closing Costs

TYPICAL ESTIMATED CLOSINGCOSTS: COSTS: CONDOMINIUM APARTMENTS TYPICAL ESTIMATED CLOSING CONDOMINIUM APARTMENTS FOR THE PURCHASER Buyer’s Attorney

Consult your attorney

Bank Fees

$750–$1,000

Application Fee

$350–$650

Processing Fee

$330–$500

Appraisal Fee

$500–$2,000

Credit Report Fee

$45–100+

Bank Attorney

$650–$1,000

Tax Escrow

2–6 months

Recording Fees - Nassau & Suffolk

Appr. $1,200-$1,700 Deed Fee (Nassau) - $200 verification fee + $355 per block Deed Fee (Suffolk) - $200 per lot per document Verification Fee (Nassau) - $355 per instrument, per block Verification Fee (Suffolk) - $200 per instrument, per lot Mortgage Fee (Suffolk) - $300 per mortgage or mortgage type document

Recording Fees - NYC & Westchester

Appr. $250–$750

Fee Title Insurance

Variable by transaction

Mortgage Title Insurance

Variable by transaction

Municipal Searches

$350–500

Flip Tax

Varies building to building, consult your agent

MORTGAGE TAX MORTGAGE TAX

PROPERTY TYPE

New York City

MORTGAGE TAX

Nassau, Suffolk, Dutchess and Orange Counties

MORTGAGE TAX Yonkers

Residential Condo Unit up to $499,999.99

2.05% (0.25% paid by lender; 1.8% by mortgagor)1

1.05%1

1.8%1

Residential Condo Unit $500,000 and up

2.175% (0.25% paid by lender; 1.925% by mortgagor)1

1.05%1

1.8%1

Commercial Condo Unit up to $499,999.99

2.05%2

1.05%

1.8%1

Commercial Condo Unit $500,000.00 and up

2.80%

1.05%

1.8%1

EQUAL HOUSING OPPORTUNITY.

Mansion Tax is paid by purchaser on transactions that are 100% residential and the purchase price is $1M or above.3

ADDITIONAL EXPENSES: Maintenance Adjustment

Pro-rates for the month closing

Short-term interest

Equal interest for the balance of month in which you close

Minus $30 for 1-2 Family. Four Family Residence requires MRT to be calculated at the commercial rate. 3 See separate Mansion Tax sheet. This closing-cost guide is designed to give you the general costs associated with the purchase or sale of a condominium property. Please note that these are estimates and that potential buyers and sellers should consult their real estate attorney or financial advisor for specifics. Kindly note, we do not represent that these are the entirety of potential costs, but are only to be used as a guide. All transfer taxes and filing fees are subject to change by government agencies in each location. 1 2

CLOSING COSTS Closing Costs

TYPICAL ESTIMATED CLOSINGCOSTS: COSTS: CO-OPERATIVE APARTMENTS TYPICAL ESTIMATED CLOSING CO-OPERATIVE APARTMENTS FOR THE SELLER Broker

Own Attorney

Consult your attorney

RP5217 Filing Fee

$100

Miscellaneous Co-op Fees

Varies by building

Pick-Up/Payoff Fee

$250–$700

UCC-3 Filing Fee

$20 - $40 in all counties except Nassau

UCC-3 Filing Fee (Nassau)

$340 ($40 to file + $300 per block)

NYS Transfer Tax Form Filing

TRANSFER TAX PROPERTY TYPE

Residential Co-op Unit

Commercial Co-op Unit

NY STATE TRANSFER TAX1

UNIT PRICE

NYC RPT

up to $499,999.99

$2 per $500 of conveyance price

$500,000 and up

1.425%

$2 per $500 of conveyance price

$3,000,000 and up (NYC Only)

1.425%

$3.25 per $500 of conveyance price

$500,000.00 and under

1.425%

$2 per $500 of conveyance price

$500,000.01 and up

2.625%

$2 per $500 of conveyance price

$2,000,000 and up (NYC Only)

2.625%

$3.25 per $500 of conveyance price

EQUAL HOUSING OPPORTUNITY.

ADDITIONAL EXPENSES: Miscellaneous Co-op Charges

Varies by building

Maintenance Adjustment

Pro-rates for the month closing

Recognition Agreement Fee

Approx $250

Short-term interest

Flip Tax

Please check with building

Equal interest for the balance of month in which you close

Transfer taxes paid by seller, except in the case of sponsor sales, in which case the transfer tax is paid by the purchaser at a higher rate. City of Yonkers has an additional 1.5% transfer tax over $25,000. City of Mount Vernon has an additional 1% transfer tax with $100,000 exemption. This closing-cost guide is designed to give you the general costs associated with the purchase or sale of a co-operative property. Please note that these are estimates and that potential buyers and sellers should consult their real estate attorney or financial advisor for specifics. Kindly note, we do not represent that these are the entirety of potential costs, but are only to be used as a guide. All transfer taxes and filing fees are subject to change by government agencies in each location. 1

TYPICAL ESTIMATED CLOSING COSTS: CO-OPERATIVE APARTMENTS FOR THE PURCHASER

CLOSING COSTS Closing Costs Buyer’s Attorney

Consult your attorney

Bank Fees

$550–$1,000

Application Fee

$350–$650

Processing Fee

$330–$500

Appraisal Fee

$500–$2,000

Lien Search

$350–$450

TYPICAL ESTIMATED CLOSING COSTS: CO-OPERATIVE APARTMENTS Credit Report Fee $45–100+ TYPICAL ESTIMATED CO-OPERATIVE APARTMENTS Bank Attorney CLOSING COSTS: $650–$750 $20 - $40 in all counties except for Nassau FOR THE PURCHASER

UCC-1 Filing Fee

UCC-1 Filing Fee (Nassau) Buyer’s Attorney

$340 ($40 to file + $300 per block) Consult your attorney

Bank $550–$1,000 Mansion Tax is paid byFees purchaser on transactions that are 100% residential and the purchase price is $1M or above.1 Application Fee

$350–$650

ADDITIONAL$330–$500 EXPENSES:

Processing Fee Appraisal Fee

$500–$2,000

Miscellaneous Co-op Charges

Credit Fee Varies by Report building

$45–100+ Maintenance Adjustment

Pro-rates for the month closing

Recognition Agreement Fee

Bank$250 Attorney Approx

$650–$750 Short-term interest

Flip Tax

Lien check Searchwith building Please

$350–$450

Equal interest for the balance of month in which you close

UCC-1 Filing Fee

$20 - $40 in all counties except for Nassau

UCC-1 Filing Fee (Nassau)

$340 ($40 to file + $300 per block)

Mansion Tax is paid by purchaser on transactions that are 100% residential and the purchase price is $1M or above.1

ADDITIONAL EXPENSES: Varies by building

Maintenance Adjustment

Pro-rates for the month closing

Recognition Agreement Fee

Approx $250

Short-term interest

Flip Tax

Please check with building

Equal interest for the balance of month in which you close

EQUAL HOUSING OPPORTUNITY.

Miscellaneous Co-op Charges

1 See separate Mansion Tax sheet. This closing-cost guide is designed to give you the general costs associated with the purchase or sale of a co-operative property. Please note that these are estimates and that potential buyers and sellers should consult their real estate attorney or financial advisor for specifics. Kindly note, we do not represent that these are the entirety of potential costs, but are only to be used as a guide. All transfer taxes and filing fees are subject to change by government agencies in each location.

elliman.com

See separate Mansion Tax sheet. This closing-cost guide is designed to give you the general costs associated with the purchase or sale of a co-operative property. Please note that these are estimates and that potential buyers and sellers should consult their real estate attorney or financial advisor for specifics. Kindly note, we do not represent that these are the entirety of elliman.com potential costs, but are only to be used as a guide. All transfer taxes and filing fees are subject to change by government agencies in each location. 1

elliman.com

TYPICAL ESTIMATED CLOSING COSTS: TOWNHOUSE AND SINGLE FAMILY HOMES FOR THE SELLER Broker

Own Attorney

Consult your attorney

Pick-Up/Payoff Fee to Title Closer

$200–$500, consult your attorney

CLOSING COSTS Closing Costs

TRANSFER TAX TYPICAL ESTIMATED CLOSING COSTS: TOWNHOUSE AND SINGLE FAMILY HOMES NY STATE TYPICAL ESTIMATED CLOSING COSTS: TOWNHOUSE AND SINGLE FAMILY HOMES PROPERTY TYPE UNIT PRICE NYC RPT TRANSFER TAX 1

$2 per $500 of conveyance price

1.425%

$2 per $500 of conveyance price

Own Attorney $3,000,000 and up (NYC Only) Pick-Up/Payoff Fee to Title Closer

Consult your attorney 1.425%

$3.25 per $500 of conveyance price

$500,000.00 and under

1.425%

$2 per $500 of conveyance price

TRANSFER TAX 2.625%

$2 per $500 of conveyance price

FOR THE SELLER

up to $499,999.99 Residential Co-op Unit

EQUAL HOUSING OPPORTUNITY.

$200–$500, consult your attorney

$500,000.01 and up

PROPERTY TYPE

$2,000,000 and up (NYCPRICE Only) UNIT

NYC RPT

2.625%

$3.25 $500 of NYper STATE conveyance price TRANSFER TAX1

up to $499,999.99

$2 per $500 of conveyance price

$500,000 and up

1.425%

$2 per $500 of conveyance price

$3,000,000 and up (NYC Only)

1.425%

$3.25 per $500 of conveyance price

$500,000.00 and under

1.425%

$2 per $500 of conveyance price

$500,000.01 and up

2.625%

$2 per $500 of conveyance price

$2,000,000 and up (NYC Only)

2.625%

$3.25 per $500 of conveyance price

Commercial Co-op Unit

Transfer taxes paid by seller, except in the case of sponsor sales, in which case the transfer tax is paid by the purchaser at a higher rate. City of Yonkers has an additional 1.5% transfer tax over $25,000. City of Mount Vernon has an additional 1% transfer tax with $100,000 exemption. This closing-cost guide is designed to give you the general costs associated with the purchase or sale of a townhouse property. Please note that these are estimates and that potential buyers and sellers should consult their real estate attorney or financial advisor for specifics. Kindly note, we do not represent that these are the entirety of potential costs, but are only to be used as a guide. All transfer taxes and filing fees are subject to change by governmental agencies in each location. 1

elliman.com

EQUAL HOUSING OPPORTUNITY.

$500,000 and up

Commercial Co-op Unit

Residential Co-op Unit

Broker

Transfer taxes paid by seller, except in the case of sponsor sales, in which case the transfer tax is paid by the purchaser at a higher rate. City of Yonkers has an additional 1.5% transfer tax over $25,000. City of Mount Vernon has an additional 1% transfer tax with $100,000 exemption. This closing-cost guide is designed to give you the general costs associated with the purchase or sale of a townhouse property. Please note that these are estimates and that potential buyers and sellers should consult their real estate attorney or financial advisor for specifics. Kindly note, we do not represent that these are the entirety of elliman.com potential costs, but are only to be used as a guide. All transfer taxes and filing fees are subject to change by governmental agencies in each location. 1

elliman.com

CLOSING COSTS Closing Costs TYPICAL ESTIMATED CLOSING ANDSINGLE SINGLE FAMILY HOMES TYPICAL ESTIMATED CLOSINGCOSTS: COSTS:TOWNHOUSE TOWNHOUSE AND FAMILY HOMES

FOR THE PURCHASER Buyer’s Attorney

Consult your attorney

Bank Fees

$750+

Application Fee

$350+

Processing Fee

$330+

Appraisal Fee

$500–$2,000

Credit Report Fee

$45–100+

Bank Attorney

$750–$1,000

Tax Escrow

2–6 months

Mortgage Recording Fees - Nassau and Suffolk

$1,200–$1,700 Deed Fee (Nassau) - $200 verification fee + $355 per block Deed Fee (Suffolk) - $200 per lot per document Verification Fee (Nassau) - $355 per instrument, per block Verification Fee (Suffolk) - $200 per instrument, per lot Mortgage Fee (Suffolk) - $300 per mortgage or mortgage type document

Recording Fees - NYC and Westchester

$250–$750

Fee Title Insurance

Variable by transaction

Mortgage Title Insurance

Variable by transaction

MORTGAGE TAX

EQUAL HOUSING OPPORTUNITY.

PROPERTY TYPE

MORTGAGE TAX New York City

MORTGAGE TAX

Nassau, Suffolk, Dutchess and Orange Counties

MORTGAGE TAX

Single Family Residence $499,999.99 and below

2.05% (0.25% paid by lender; 1.8% by mortgagor)1 2

1.05%1

1.8%1

Single Family Residence at $500,000 and up

2.175% (0.25% paid by lender; 1.925% by mortgagor)1 2

1.05%1

1.8%1

Commercial Properties and Vacant Land $500,000.00 and under

2.05%2

1.05%

1.8%1

Commercial Properties and Vacant Land $500,000.01 and up

2.80%

1.05%

1.8%1

Mansion Tax is paid by purchaser on transactions that are100% residential and the purchase price is $1M or above.3 Minus $30 for 1-2 Family. Four Family Residence requires MRT to be calculated at the commercial rate. 3 See separate Mansion Tax sheet. This closing-cost guide is designed to give you the general costs associated with the purchase or sale of a townhouse property. Please note that these are estimates and that potential buyers and sellers should consult their real estate attorney or financial advisor for specifics. Kindly note, we do not represent that these are the entirety of potential costs, but are only to be used as a guide. All transfer taxes and filing fees are subject to change by governmental agencies in each location. 1

Yonkers

elliman.com elliman.com

NEW YORK STATE

TRANSFER/TAX NY State Transfer Tax RESIDENTIAL PROPERTY TYPE

NYC RPT

MANSION TAX PAID CITY OF YONKERS CITY OF MOUNT PECONIC BAY NY STATE TRANSFER TAX VERNON TRANSFER TAX TRANSFER TAX2 TRANSFER TAX1 BY PURCHASER

1-2-3 Family Residential, Co-op or Condo Unit $500,000 and under

$2 per $500 of conveyance price

―

1.5% (over $25,000)

1% of purchase price with $100,000 exemption

1-2-3 Family Residential, Co-op or Condo Unit $500,000.01-$999,999.99

1.425%

$2 per $500 of conveyance price

―

1.5% (over $25,000)

1% of purchase price with $100,000 exemption

1-2-3 Family Residential, Co-op or Condo Unit at $1,000,000 and up

1.425%

$2 per $500 of conveyance price

1% of purchase price for properties $1 million and up

1.5% (over $25,000)

1% of purchase price with $100,000 exemption

1-2-3 Family Residential, Co-op or Condo Unit at $3,000,000 and up (NYC Only)

1.425%

$3.25 per $500 of conveyance price (Varies based on purchase price)

―

PAYMENT DUE DATE

30 Days after date of transfer

15 Days after date of transfer

7 Days after date of transfer

30 Days after date of transfer

2% See exemptions below. Paid by purchaser

15 Days after date of transfer

COMMERCIAL

EQUAL HOUSING OPPORTUNITY.

PROPERTY TYPE

1 2

NYC RPT

NY STATE TRANSFER TAX1

CITY OF YONKERS TRANSFER TAX

CITY OF MOUNT VERNON TRANSFER TAX

Commercial Properties and Vacant Land under $500,000

1.425%

$2 per $500 of conveyance price

1.5% (over $25,000)

1% of purchase price with $100,000 exemption

Commercial Properties and Vacant Land at $500,000

1.425%

$2 per $500 of conveyance price

1.5% (over $25,000)

1% of purchase price with $100,000 exemption

Commercial Properties and Vacant Land $500,000.01 and up

2.625%

$2 per $500 of conveyance price

1.5% (over $25,000)

1% of purchase price with $100,000 exemption

Commercial Properties and Vacant Land $2,000,000 and up (NYC Only)

2.625%

$3.25 per $500 of conveyance price

―

PAYMENT DUE DATE

15 Days after date of transfer

7 Days after date of transfer

30 Days after date of transfer

PECONIC BAY TRANSFER TAX2

2% See exemptions below. Paid by purchaser

15 Days after date of transfer

Local Transfer Tax – Special Transfer Taxes apply to the following towns: Red Hook, Warwick, and Peekskill. East Hampton, Riverhead, Shelter Island, Southampton and Southold. The following exemptions apply: $250,000 for improved and $100,000 for unimproved in Shelter Island, Southampton and East Hampton; and, $150,000 for improved and $75,000 for unimproved in Southhold and Riverhead.

Please contact DE Title for any New York Counties not shown here.

WHILE CARE HAS BEEN TAKEN IN THE PREPARATION OF THIS INFORMATION, NO WARRANTY OR REPRESENTATION OF ACCURACY IS MADE. THIS CHART IS FOR REFERENCE ONLY. APRIL 2019. © SUTTON ALLIANCE, LLC.

All transfer taxes and filing fees are subject to change by governmental agencies in each location.

NEW YORK STATE

TRANSFER/TAX NY State Mansion Tax RESIDENTIAL PROPERTY TYPE

NYC RPT

MANSION TAX PAID CITY OF YONKERS CITY OF MOUNT PECONIC BAY NY STATE TRANSFER TAX VERNON TRANSFER TAX TRANSFER TAX2 TRANSFER TAX1 BY PURCHASER

1-2-3 Family Residential, Co-op or Condo Unit $500,000 and under

$2 per $500 of conveyance price

―

1.5% (over $25,000)

1% of purchase price with $100,000 exemption

1-2-3 Family Residential, Co-op or Condo Unit $500,000.01-$999,999.99

1.425%

$2 per $500 of conveyance price

―

1.5% (over $25,000)

1% of purchase price with $100,000 exemption

1-2-3 Family Residential, Co-op or Condo Unit at $1,000,000 and up

1.425%

$2 per $500 of conveyance price

1% of purchase price for properties $1 million and up

1.5% (over $25,000)

1% of purchase price with $100,000 exemption

1-2-3 Family Residential, Co-op or Condo Unit at $3,000,000 and up (NYC Only)

1.425%

$3.25 per $500 of conveyance price (Varies based on purchase price)

―

PAYMENT DUE DATE

30 Days after date of transfer

15 Days after date of transfer

7 Days after date of transfer

30 Days after date of transfer

2% See exemptions below. Paid by purchaser

15 Days after date of transfer

COMMERCIAL

EQUAL HOUSING OPPORTUNITY.

PROPERTY TYPE

1 2

NYC RPT

NY STATE TRANSFER TAX1

CITY OF YONKERS TRANSFER TAX

CITY OF MOUNT VERNON TRANSFER TAX

Commercial Properties and Vacant Land under $500,000

1.425%

$2 per $500 of conveyance price

1.5% (over $25,000)

1% of purchase price with $100,000 exemption

Commercial Properties and Vacant Land at $500,000

1.425%

$2 per $500 of conveyance price

1.5% (over $25,000)

1% of purchase price with $100,000 exemption

Commercial Properties and Vacant Land $500,000.01 and up

2.625%

$2 per $500 of conveyance price

1.5% (over $25,000)

1% of purchase price with $100,000 exemption

Commercial Properties and Vacant Land $2,000,000 and up (NYC Only)

2.625%

$3.25 per $500 of conveyance price

―

PAYMENT DUE DATE

15 Days after date of transfer

7 Days after date of transfer

30 Days after date of transfer

PECONIC BAY TRANSFER TAX2

2% See exemptions below. Paid by purchaser

15 Days after date of transfer

Please contact DE Title for any New York Counties not shown here.

WHILE CARE HAS BEEN TAKEN IN THE PREPARATION OF THIS INFORMATION, NO WARRANTY OR REPRESENTATION OF ACCURACY IS MADE. THIS CHART IS FOR REFERENCE ONLY. APRIL 2019. © SUTTON ALLIANCE, LLC.

All transfer taxes and filing fees are subject to change by governmental agencies in each location.

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WE LOOK FORWARD TO WORKING TOGETHER Openingthe door and closing the deal for over 30 years throughout Manhattan and Brooklyn.