Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

Moving to NYC: How Buying Here Works

I cover all five boroughs and the Hudson Valley, and I work in English and Spanish.

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In New York City the buyer and the seller each hire their own attorney, and a co-op buyer also needs the building board's approval before closing. If you are coming from a state where an escrow company runs the closing, those two facts change the whole calendar.

I have worked in New York real estate since November 2001. This page collects what surprises people arriving from another city most, and sends you to the article that covers each one in full. If you will buy before you move, start with how a remote purchase gets signed.

What is different here

Most apartments are co-ops

In a co-op you buy shares in the corporation that owns the building and receive a proprietary lease, and the building's board must approve you. In a condo you own the unit with a deed and no board approval is required.

Read the article

Attorneys run the closing

The buyer and the seller each hire a licensed real estate attorney, who negotiates the contract, handles due diligence and attends the closing. Title companies play a smaller role than in states that close through escrow.

Read the article

Co-ops take longer to close

A condo closes in 30 to 45 days from signed contract with cash, and 45 to 60 days with a mortgage. A co-op takes 60 to 90 days or more, because the board package and the board decision sit inside that window.

Read the article

You can sign from anywhere

A New York notary performing a remote online notarization has to be physically in New York State when you sign, under Executive Law 135-c. You do not. The article covers the power of attorney and the board timing for out-of-state buyers.

Read the article

Coming from another city

Each guide compares buying in your current city with buying in New York.

If your city is not listed, start with the complete guide to moving to NYC.

Pick a neighborhood by subway line

The subway lines with a station within 0.75 miles of each neighborhood's center, from the MTA's official station list. "Direct to Midtown" means at least one of those lines runs through Midtown Manhattan without a transfer. Commute times are not listed because there is no source to back them. Each name links to its market report.

Neighborhood Borough Lines nearby Direct to Midtown
Chelsea Manhattan
1237ABCDEFLMNQRW
Yes
East Village Manhattan
456FJLMRWZ
Yes
Financial District Manhattan
123456ACEJRWZ
Yes
Upper East Side Manhattan
456Q
Yes
Upper West Side Manhattan
123BC
Yes
Washington Heights Manhattan
1AC
Yes
Bay Ridge Brooklyn
NR
Yes
Bedford-Stuyvesant Brooklyn
ACG
Yes
Brooklyn Heights Brooklyn
2345ABCFGQR
Yes
Crown Heights Brooklyn
2345C
Yes
Greenpoint Brooklyn
G
No
Park Slope Brooklyn
23BFGQR
Yes
Williamsburg Brooklyn
GJLMZ
Yes
Astoria Queens
NW
Yes
Flushing Queens
7
Yes
Forest Hills Queens
EFMR
Yes
Jackson Heights Queens
7EFMR
Yes
Long Island City Queens
7EFGMNRW
Yes
Ridgewood Queens
LM
Yes
Concourse The Bronx
4BD
Yes
Fordham The Bronx
4BD
Yes
Kingsbridge The Bronx
14BD
Yes
Mott Haven The Bronx
2456
Yes
Parkchester The Bronx
256
Yes
St. George Staten Island
SIR
No
Stapleton Staten Island
SIR
No

Where you buy is your decision

This table is transit reference, not a recommendation. Neighborhoods are ordered by borough, then by name. You set the criteria, budget, size, building type and commute, and I show you everything on the market that fits, in any borough.

Tell Me About Your Move

Where you are moving from, when you arrive, budget and property type. I answer with the real steps and timelines, no obligation.

Milton Coste | Licensed Real Estate Associate Broker | Keller Williams NYC | License #10301213304

You're contacting Milton Coste, a buyer's agent. Before any private showing, New York brokerage rules require a short non-exclusive agreement. Milton walks you through it before you sign anything. Broker commissions are not set by law and are fully negotiable. How working together works.

Questions Newcomers Ask

Frequently Asked Questions

Do I need to be in New York to buy an apartment here?

No. Much of a purchase can be handled from where you live now. One rule shapes the signing: a New York notary performing a remote online notarization has to be physically in New York State when you sign, under Executive Law 135-c, which became permanent on January 31, 2023. You can be anywhere. Lenders, title companies and co-op managing agents each decide what they accept electronically, so the signing plan should be settled before the contract.

How a remote purchase works

What is a co-op board?

With a co-op you buy shares in a corporation that owns the building and receive a proprietary lease (the lease that gives you the right to live in your unit), and the building's board must approve you. Co-ops are the larger share of NYC's for-sale apartments, commonly estimated at 70 to 75 percent. Local Law 58 of 2026 gives the board 15 days to confirm an application is complete and 45 days to decide, with one 14-day extension. Condos have no board approval.

Co-op vs condo: which fits you

How long does it take to close on a property in NYC?

A condo or townhouse closes in 30 to 45 days from signed contract when the buyer pays cash, and 45 to 60 days with a mortgage, because the loan commitment letter sets the pace. Co-ops take longer, 60 to 90 days or more. The standard co-op contract allows 30 business days for the loan commitment and 10 business days to submit the board package.

The NYC closing timeline, step by step

What closing costs should I expect when buying in NYC?

NYC buyer closing costs usually run about 2 to 6 percent of the purchase price, depending on property type and financing. Condo buyers pay for title insurance, the mortgage recording tax if they finance, and the mansion tax on purchases of $1 million or more. Co-op buyers skip title insurance and the mortgage recording tax but still pay the mansion tax at $1 million and up. Each side's real estate attorney typically costs $3,000 to $4,500.

Buyer closing costs: co-op vs condo

Can I see NYC homes before they hit the market?

Yes. With the RLS Coming Soon status, a listing can be marketed for up to 14 days before it goes active, with photos, details and price, but no showings or negotiations are allowed until it goes live. Milton can flag those listings for buyers so you can prepare before the listing opens to showings.

How Coming Soon listings work

Does Milton work with buyers moving from another state?

Yes. Milton works with relocating buyers by phone and video before they arrive, and he has shot his own video tours of his listings since in-person showings were restricted in 2020. A buyer representation agreement is signed before showings begin, as REBNY rules require, and he walks through it on the first call.

Working with a buyer's agent

Which parts of New York does Milton cover?

All five boroughs plus the Hudson Valley, in English and Spanish. Milton has worked in New York City real estate since November 2001. Where you buy is your decision: you set the budget, size, building type and commute you want, and he shows you everything on the market that fits.

Browse neighborhood market reports

Buying in New York From Another City?

A 15-minute call to put the steps in order: financing, co-op or condo, board timing and how you will sign from a distance.

For the full purchase process, read the NYC buyer guide.

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