Buy Condo: New York

Buyers should budget for significant transaction costs, including title insurance and a Mansion Tax of 1%–3.9% for properties over $1M.

Most condos permit 90% financing (10% down), though luxury buildings may require 20%. Select FHA-eligible units may allow as little as 3.5% down. buy condo new york

While condos cannot "reject" you like co-ops (they only have a Right of First Refusal), you must still submit a comprehensive financial application. While condos cannot "reject" you like co-ops (they

According to Kishner Legal P.C., the timeline typically spans 60 to 90 days from offer to closing: Key Neighborhoods for 2026 Once the contract is

Can lead to "Special Assessments"—sudden, large bills for repairs like elevators or facades.

The final meeting where the deed is transferred, and all taxes and fees are paid. Key Neighborhoods for 2026

Once the contract is negotiated, you pay a 10% deposit into the seller’s attorney’s escrow account.