Money and Finance June Richardson Alex Kheyfets	Estimated Closing Costs - Condominium Apartments   For the Purchaser   Purchaser's Attorney--------------------------------------------------- $1,250.00 & up   (*approximately)            Seller'sAttorney--------------------------------------------------------- $950.00   (Paid by Seller except sale by Sponsor)           Bank Fees:     Points--------------------------------------------------------------------- 0 to 2.5% of loan value   Application, Credit Check & Appraisal------------------------------- $500.00   Bank Attorney----------------------------------------------------------- $600.00   Short Term Interest on Loan----------------------------------------- One Month   Tax Escrows by Bank -------------------------------------------------- 2 to 6 months of R/E Taxes   Recording Fees---------------------------------------------------------- $300.00         Mortgage Tax------------------------------------------------------------ 1.8% of amount of mortgage on loans under $500,000.00 1.925% of amount of mortgage on loans over $500,000.00         Mansion Tax------------------------------------------------------------- 1% over $1,000,000   (*Lenders May be required to pay one quarter of 1% of the 2% tax or 2.125%)           Fee Title Insurance----------------------------------------------------- Approximately $675.00 per $100,000.00   Mortgage Title Insurance---------------------------------------------- Approximately $500.00 per $100,000.00   Violation & Lien Search------------------------------------------------ $200.00   Managing Agent Fee--------------------------------------------------- $400.00   Common Charge Adjustment----------------------------------------- One month   Board Reserve Fund Contribution----------------------------------- 0 to 2 months common charges   Real Estate Tax Adjustment------------------------------------------ 1 to 3 months   For the Seller   Broker--------------------------------------------------------------------- 3% - 6% of gross purchase price   Seller's Attorney-------------------------------------------------------- $1,200.00 and up   Managing Agent Fee--------------------------------------------------- $450.00   Move-Out Deposit------------------------------------------------------ $500.00         NYC Transfer Tax-------------------------------------------------------- (Paid by Seller except sale by Sponsor) 1% of gross purchase price up to $500,000 1.425% of the gross purchase price over $500,000 1% of the gross purchase price over $1,000,000         New York State Transfer Tax----------------------------------------- 0.4%   (Paid by Seller except sale by Sponsor)           Miscellaneous Title Fees----------------------------------------------- $100.00   Payoff Bank Attorney--------------------------------------------------- $300.00   Note:  *Some of the above fees are estimates, and all information is subject to errors, ommissions and changes in facts or circumstances.