From: Jeffrey Epstein <[email protected]> To: "Gold, Steven" <I Subject: Re: , follow up Date: Tue, 09 Apr 2013 23:19:50 +0000 who pays mansion tax? if any? On Tue, Apr 9, 2013 at 7:09 PM, Gold, Steven < wrote: I Mr. Epstein, I have tried to reach the owner but he is travelling, so I will get you a rough estimate of expenses and recent CapEx tomorrow, along with a blank copy of a contract. As for closing costs, l cannot provide legal advice, but I asked an attorney for a rough estimate, which is below: Presuming $11,000,000 purchase price, no financing, general costs could be approximated as follows: Owner's Title Insurance (about 0.4%-0.5% of purchase price) = $44,000-$55,000 (this estimate may be on the high end, but I'd rather be conservative). Municipal searches, recording fees = $1,500. Buyer's Attorney Fees = $10,000 (controlled by Buyer) Buyer's Due Diligence / Property Inspections = $5,000 (controlled by Buyer; Phase I surveys will likely not be needed since no financing). Buyer's cost of inspection of financial information/performance = if needed (controlled by Buyer) Buyer's cost of tax planning with personal CPA = as needed (controlled by Buyer) If Buyer is setting up a Corp. or LLC to serve as buying agency (recommended) = about $2,000 - $3,000, depending on entity and publication. Say around $75,000 to $85,000. Hope this helps and I will be back in touch tomorrow. Thanks. EFTA00958082