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Condo flip tax

Started by bpcbuyerconfused
over 6 years ago
Posts: 85
Member since: Oct 2013
Discussion about
Came across a condo listing in prime Brooklyn Heights and description says "buyer to pay 1% flip tax". Thought flip taxes were only relevant for co-op sales. Is this common?
Response by Anton
over 6 years ago
Posts: 507
Member since: May 2019

yes

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Response by UptownSpecialist
over 6 years ago
Posts: 139
Member since: May 2013

It's not overly common in condos but there are condo buildings with not just a flip tax, but also a buy side flip tax.

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