deep pockets

1.425% NYC Real Property Transfer Tax
0.400% NYS Real Estate Transfer Tax
1.000% NYS "Mansion" Tax ($1,000,000 and over)
1.000% NYC "Mansion" Tax ($1,750,000-$5,000,000)
---------
3.825%

http://nypost.com/2015/05/07/de-blasio-proposes-mansion-tax-on-homes-over-1-7-million/

Oh and don't forget you still have brokers fees and marketing on top of that 3.825%........