Yes. The New York State additional real estate transfer tax applies to qualifying residential cooperative interests as well as other covered residential property. Co-op shares are also subject to NYC RPTT; they are not exempt merely because the transaction transfers cooperative stock. Use the current verified tax schedules for the actual consideration and have the closing attorney confirm the calculation.
Sources: New York State Department of Taxation and Finance, real estate transfer tax and NYC Department of Finance, RPTT, fetched and read 2026-08-07.
This article provides general educational information only. It is not legal, tax, financial, insurance, compliance, housing, brokerage, or professional advice. Rules, tax rates, obligations, enforcement practices, and market conditions vary by property, building, contract, municipality, and jurisdiction, and they change. Sellers should consult a qualified attorney, CPA, or other appropriate professional before making decisions based on their specific situation.
From the seller playbook: Mansion Tax Tier Engineering
This is general information, not legal, tax or accounting advice. Every situation is different. Talk to a licensed attorney, accountant or tax professional before you act.
More questions on this topic
List for free, or go full service for 1%.
Use the playbook yourself, or let us run pricing, marketing and negotiation.