condo transfer taxes

@ 2%

nyc 1.425%
nys .4%

http://www.elliman.com/reports-and-guides/guides/new-york-city/closing-costs

See http://www.clm.com/publication.cfm?ID=102

Note that if buyer pays taxes that the seller normally pays, then those taxes are added onto the price, so buyer pays tax on tax. That's why you see odd dollar amounts in SE's closing data.

Yeah 2% of 2% isnt going to break you.

Mortgage recording taxes are ludicrous. Should be a flat fee, like $500, even $1000.

I'm the buyer, cash deal, cost around $500.000.
Only seller pays NYS and NYC taxes?

Yes, since there's no mansion tax in your case.

If you're buying new construction or in a conversion, many sponsors will want you to pay their seller-side taxes, but that's negotiable. Along with their lawyer's fees, and their whatever else they can think up.

Do yourself a favor and re-read the sales contract. It should tell you who's responsible for paying transfer taxes.

Generally speaking, the seller pays these taxes in a resale situation and the buyer pays them with new construction. However, if you are buying in an area in high demand where the seller (even with a resale) has signficant leverage, the seller may have tried to pass this cost on to you. However, this should have been caught by your lawyer during the drafting phase.

thank you all