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Real Estate in New York

Founded by industry leader, CEO, and principal broker Stephen P. Wald, our full-service brokerage firm has a well-earned reputation for outstanding service. We not only facilitate the buying and selling of homes and investment properties, but we also see beyond to what makes each property special and unique. We have an in depth understanding of the marketplace, specializing in correct property valuation, unique marketing and sales strategy programs. Supported by a research team implemented to provide the utmost level of due diligence regarding your real estate transaction, our focus is based on a value driven, market savvy approach to acquiring both residential and investment properties. Our state of the art listings database is supported by the Real Estate Board of New York. In conjunction with our own skills and through years of experience, we have become an excellent resource for financial institutions, legal counsel (real estate and trust & estate planning) and architectural & design firms. It is client satisfaction that continues to set us apart from the brokerage community. Our business was built on it.
Since 1985, Stephen P. Wald Real Estate Associates, Inc. has been synonymous with exceptional service and consummate knowledge of New York City real estate. The agents at Wald Real Estate are highly regarded for their professionalism, discretion, and creative thinking. This is why Wald Real Estate stands out among hundreds of other residential real estate firms in Manhattan.

Who are we?

Whether you’re looking for property for sale in New York area or property for rent, Stephen P. Wald Real Estate Associates, Inc. makes searching easy.

Use our unique geolocation mapping feature to root-out your ideal condo, coop, townhouse or apartment and contact the owners direct. We will help you find your dream house in just a few seconds.

We offer our clients a wealth of knowledge regarding all aspects of purchasing or selling a home. Whether it is helping you search for your dream home, discussing new New York real estate developments.

How can we help you?

Whether you’re looking for property for sale in New York area or property for rent, Stephen P. Wald Real Estate Associates, Inc. makes searching easy.

Use our unique geolocation mapping feature to root-out your ideal condo, coop, townhouse or apartment and contact the owners direct. We will help you find your dream house in just a few seconds.

We offer our clients a wealth of knowledge regarding all aspects of purchasing or selling a home. Whether it is helping you search for your dream home, discussing new New York real estate developments.

The Difference

We know that purchasing Commercial and Residential Real Estate is an investment in the future. In depth knowledge and a wealth of market experience are vital when making such an important decision.
Plus, we offer you 0% commission for evaluating your home. We are flexible and all costs are negotiable. Don’t hesitate and contact us for more info today!

Home Evaluation Rate 100%
Sale Rate 96%
Rentals Rate 90%
CONTACT US TODAY!

Closing Costs

The Difference between Co-Operatives and Condominium


Co-Operatives

CO – OPERATIVES

– An apartment in a building owned by a corporation or trust, in which each owner purchases stock representing the value of a single apartment unit and receives a proprietary lease as evidence of title. Shareholders pay a monthly maintenance fees to cover building expenses including real estate taxes the shareholders portion of the underlying mortgage(if there is one) Generally sales are subject to approval by a board of directors, and buyers must submit a purchase application (board package). The board will also require an interview. Financing and subletting is restricted in most coops.

Closing Costs: CO – OPERATIVES
For The Seller
Own Attorney
varies
Stock Transfer Stamps
$.05 per share
NYC Real Property Transfer Tax
1% of purchase price if $500,000 or less of the entire amount
1.425% of purchase price if over $500,000 of the entire amount
NYS Transfer Tax
0.4% (.004) of purchase price
Flip Tax (if applicable)
Determined by co-operative building
Payoff Bank Attorney (if applicable)
$450 + up
Managing Agent Fee
$500 – $750
Move-Out Deposit
$500 – $1000 (usually refundable if no damage)
Broker Commission
6% of purchase price
Estate Fees
Coop may impose additional fees for estate sales
Lost Stock and Lease Fees
$250 – $750
E Tax Filing (ACRIS) $50
Gains Tax Withholding (out of state seller) 7.7% of gain
Non-US Resident (FIRPTA) 10% of price withheld or paid
For The Purchaser
Own Attorney
varies
Managing Agent Application Fee
$750
Credit Report Fee
$50 – $100 per applicant
Lead Based Paint Disclosure Fee
$0 – $50
Mansion Tax
1% of purchase price when over $1 million
Move-in Deposit
$500 – $1,000 (usually refundable if no damage)
Mortgage Associated Fees:
Origination Costs – points
0 – 3% value of loan
Application, Credit Check, etc.
$500 + up
Appraisal
$275 + up
Bank Attorney
$500 + up
UCC-1 Filing
$50 + up
Recognition Agreement Fee
$200 + up
Lien Search
$350
Maintenance Adjustment
Prorated for month of closing
* Check with bank/mortgage broker for additional fees . New York State Law requires a written letter of engagement if the legal fee will exceed $3,000. Non New York State residents should procure exemption for state transfer tax forms (TP584) . These are only estimates. Please confirm closing costs for specific transactions with your attorney and/or mortgage representative.

Condominium

CONDOMINIUM

– A multiunit structure or property in which persons hold fee simple title to individual units and an undivided interest in common areas(lobby, halls, stairways etc) Each individual apartment gets a separate tax bill from the city. There is also monthly common charges for building expenses. Financing and subletting is more flexible.


Closing Costs: Condominium Apartments / Townhouses and 1-3 Family Dwellings
For The Seller
Own Attorney
varies
NYC Real Property Transfer Tax
1% of purchase price if $500,000 or less
1.425% of purchase price if over $500,000 of the entire amount
NYS Transfer Tax
.4% (.004) of purchase price
Payoff Bank Fees (if applicable)
$450 *
Managing Agent Fee
$250 – $750
Move-Out Deposit
$500 – $1,000 (usually refundable if no damage)
Broker Commission
6% of purchase price

E Tax Filing (ACRIS)

 

$50
Gains Tax Withholding (out of state seller)
7.7% of gain
Non-US Resident (FIRPTA) 10% of price withheld or paid
For The Purchaser
Own Attorney
varies
Managing Agent Fee
$250 – $500
Credit Report Fee
$50 – $100 per applicant
Lead Based Paint Disclosure Fee
$0 – $50
Mansion Tax
1% of purchase price when priced $1 million or more
Move-in Deposit
$500 – $1,000 (usually refundable if no damage)
Mortgage Associated Fees:
Origination Costs – points
0 – 3% value of loan
Application, Credit Check, etc.
$500 + up
Appraisal
$275 + up
Bank Attorney
$500 + up
UCC-1 Filing
$50 + up
Mortgage Recording Tax
Up to $500,000 is 1.8% of mortgage; over $500,000 is 1.925% of mortgage
Title Insurance, Title Search & Recording Fees
Approximately 0.5% of purchase price
Building Searches
$200 – $400
Recording Charge
$17 per document plus $5 per page
Real Estate Tax Escrow 2-6 months
If Purchased Directly from Sponsor: ( ie: new construction)
NYC Real Property Ttransfer Tax
1% of purchase price up to $500,000
1.425% of purchase price over $500,000
NYS Transfer Tax
$4 per $1,000 of purchase price
Sponsor’s Attorney Fee varies
* Check with bank/mortgage broker for additional fees . New York State Law requires a written letter of engagement if the legal fee will exceed $3,000. Non New York State residents should procure exemption for state transfer tax forms (TP584) . These are only estimates. Please confirm closing costs for specific transactions with your attorney and/or mortgage representative.

Selling Tips:

Keep your home clean and clutter free.

Fresh paint, including your front door and newly refinished floors.

Bright lights and all bulbs working!

Clean Windows a must!

De clutter and remove unnecessary furniture.

Fresh white bedding can do wonders.

Re grout bathroom tile if necessary.

Stage your home when necessary.

Professional renderings of what your home can look like after a 5 star renovation.


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Client Testimonials

The Stephen P. Wald Real Estate Associates, Inc. team did an outstanding job helping me buy my first home. The high level of service and dedication to seeing things done the right way is what I look for in an agent. The Stephen P. Wald Real Estate Associates, Inc. team delivered on that expectation and I would highly recommend them to anyone who is in the market to buy a home. The Stephen P. Wald Real Estate Associates, Inc. team delivered on that expectation and I would highly recommend them to anyone who is in the market to buy a home.
Susan Barkley, happy seller
We hired the Stephen P. Wald Real Estate Associates, Inc. team as our buyer agent. All in all I have no doubt that we would have failed to close without an experienced representative such as the professionals at Stephen P. Wald Real Estate Associates, Inc. working for us, and we are very grateful for all they did.
Lisa Simpson, happy buyer

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Sellers

Selling your home is of the utmost importance. It is typically is an individual’s single largest investment, so it is critical to be well represented when selling. You should expect professionalism, superior Concierge service, expert market knowledge, honesty and integrity from your real estate agent.

Selling your home has tremendous financial implications. Owning a home typically is an individual’s single largest investment, so it is critical to be well represented when selling. You should expect professionalism, superior customer service, market knowledge, honesty and integrity from your real estate agent. All Charles Rutenberg, LLC agents strive to provide you with an experience which exceeds your expectations. The following steps will help make selling your home as effective and efficient as possible.

city_9Choosing to sell your house is a big decision that brings with it a variety of challenges. From attracting buyers to negotiating contracts, it’s helpful to have a professional real estate agent on your side to help reduce stress and lead to the best possible outcome.

Selling your home is of the utmost importance. It is typically is an individual’s single largest investment, so it is critical to be well represented when selling. You should expect professionalism, superior Concierge service, expert market knowledge, honesty and integrity from your real estate agent.

Selling your home has tremendous financial implications. Owning a home typically is an individual’s single largest investment, so it is critical to be well represented when selling. You should expect professionalism, superior customer service, market knowledge, honesty and integrity from your real estate agent. All Stephen P. Wald Real Estate Associates, Inc. agents strive to provide you with an experience which exceeds your expectations. The following steps will help make selling your home as effective and efficient as possible.

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