Free NYC Tool
See the true all-in cost of buying vs. renting in NYC. Mansion tax, MRT, opportunity cost of your down payment, equity build-up, and the year renting stops winning.
Co-op maintenance, condo common charges, and/or property tax combined.
Used for mortgage interest + property tax deduction (SALT cap: $10,000).
Your Result
Calculating...
| Metric | Buy | Rent |
|---|
Lower line = less total money out of pocket. Crossover = break-even year.
Sources: NYC DOF, NYS DTF (NYS Tax Law sections 1402, 1402-a, 253), IRS Publication 936.
Calculators show estimates. Milton can walk you through what a specific property actually costs, connect you with vetted NYC mortgage brokers, and run a full closing cost breakdown before you make an offer.
Schedule a Free ConsultationDisclaimer
Estimates only. Not financial, tax, or legal advice. Actual costs depend on your specific situation, creditworthiness, and current market conditions. Tax law changes frequently, including potential TCJA sunset provisions affecting SALT deductions after 2025. Consult your CPA, attorney, and lender before making any real estate decision. All investment return assumptions reflect historical averages and are not guarantees of future performance.
Milton Coste, Licensed Real Estate Associate Broker, Keller Williams NYC. License #10401274378. (917) 416-7433. 360 Madison Avenue, 9th Floor, New York, NY 10017.