While mortgage recording tax is a buyer cost in NYC (1.8% on loans under $500K, 1.925% above), it affects your strategy because it impacts buyer purchasing power. On a $1M mortgage, the buyer owes roughly $19,250 in recording tax alone. Sellers can use this as a negotiation lever - offering to facilitate a CEMA assignment of your existing mortgage can save the buyer significant tax, making your property more attractive than competing listings.
From the seller playbook: Mortgage Recording Tax Impact on Buyer Incentives
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.
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