NYC Sale Net Proceeds Calculator

Estimate what you'll actually walk away with after broker commission, transfer taxes, and closing costs

1 Sale Basics
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2 Broker & Closing Costs
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3 Transfer Taxes & Building Costs
Auto-calculated from sale price:
NYC Real Property Transfer Tax—
NYS Transfer Tax—
1.00%/1.425% NYC RPTT tiers ($500K); 0.4% NYS base + 0.25% additional NYC tax ≥ $3M (0.65% combined). Source: NYC DOF / NYS Tax Dept. Verify with closing attorney.
4 Capital Gains Estimate (Optional)
Estimated Net Proceeds
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Net Proceeds Waterfall
Sale price—
Mortgage payoff—
Broker commission—
NYC RPTT—
NYS transfer tax—
Attorney fee—
Title & misc. costs—
Net proceeds before tax—

Sale price minus everything you owe

Net proceeds start at your sale price, then subtract your mortgage payoff and every seller-side selling cost: broker commission, NYC and NYS transfer tax, co-op flip tax and transfer fee (if applicable), attorney fees, and title/misc. costs. What's left is what you actually walk away with — before any capital gains tax.

NYC RPTT & NYS transfer tax — seller-paid, calculated automatically

Unlike the buyer-paid mansion tax, NYC's Real Property Transfer Tax and New York State's transfer tax are seller-paid and apply to nearly every resale. NYC RPTT runs 1.00% of price up to $500,000 and 1.425% above that. NYS transfer tax is a flat 0.4%, plus an additional 0.25% NYC tax on residential sales of $3,000,000 or more — 0.65% combined at that tier. Both are calculated automatically from your sale price. See our seller closing costs guide for the full breakdown.

Co-op flip tax

A flip tax isn't a government tax — it's a fee set by your building's proprietary lease, and every building is different. Some charge a flat percentage of the sale price, others a percentage of profit, and some HDFC buildings charge much more. There's no reliable default — check your building's bylaws or ask your managing agent. See our flip tax guide for how it's typically structured.

Capital gains estimate — a rough illustration, not tax advice

If you enable the capital gains estimate, the calculator estimates your gain as sale price minus selling costs minus your adjusted cost basis (original purchase price plus capital improvements), applies the IRS Section 121 primary-residence exclusion ($250,000 single / $500,000 married filing jointly, if you owned and lived in the home 2 of the last 5 years), and taxes any remaining gain at your entered federal and combined NY State + NYC rates. This ignores depreciation recapture, AMT, and other situational rules — see IRS Publication 523 and consult a CPA before relying on it.

This is an estimate — verify everything

Transfer tax rates, title fees, and building policies vary and can change. Always confirm numbers with a real estate attorney and a CPA before making decisions. Buying instead? See our buyer closing costs guide. See our full sourcing methodology for where every default in this calculator comes from.