Estimated Closing Costs - Cooperative Apartments

  For the Purchaser
  Own Attorney------------------------------------------------------------ $1,250.00 & up
  (*approximately)   
     
  Seller'sAttorney--------------------------------------------------------- $950.00
  (Paid by Seller except sale by Sponsor)  
     
  Bank Fees:  
  Points--------------------------------------------------------------------- 0 to 3% of loan value
  Application, Credit Check & Appraisal------------------------------- $500.00
  Bank Attorney----------------------------------------------------------- $500.00-$750.00
  UCC-1 Filing-------------------------------------------------------------- $20.00
  Short Term Interest---------------------------------------------------- One Month
  Move-in Deposit--------------------------------------------------------- $500.00
  Recognition Agreement Fee------------------------------------------ $200.00
  Lien Search-------------------------------------------------------------- $250.00
  Maintenance Adjustment---------------------------------------------- One Month

  For the Seller
  Broker--------------------------------------------------------------------- 3% - 6%
  Own Attorney------------------------------------------------------------ $1,250.00 and up
  Co-op Attorney---------------------------------------------------------- $450.00
  Flip Tax-------------------------------------------------------------------- 1% -3% of Price (if applicable)
  Stock Transfer Tax------------------------------------------------------ $.05 per share
  Move-Out Deposit------------------------------------------------------ $500.00
     
  NYC Transfer Tax--------------------------------------------------------
(Paid by Seller except sale by Sponsor)
1% of price up to $500,000.00 plus $250.00 recording fee
1.425% of price over $500,000.00
     
  New York State Transfer Tax----------------------------------------- $2.00 per $500.00 of purchase price
  (Paid by Seller except sale by Sponsor)  
     
  Payoff Bank Attorney--------------------------------------------------- $300.00
  UCC-3 Filing Fee-------------------------------------------------------- $200.00
  Goodstein Management Application Fee--------------------------- $500.00

  Note:  *Some of the above fees are estimates, and all information is subject to errors, ommissions and changes in facts or circumstances.