Brooklyn since 2014All five boroughsSame-day response during business hours

What is NYC RCNY § 37-03?

Quick Answer

The amount of each fee authorized under this chapter shall be as follows: (a) Appraisal Fee. HPD may charge an Appraisal Fee in the amount of two thousand five hundred dollars ($2,500) for each Simple Appraisal, and in the amount of three thousand dollars ($3,000) for each Complex Appraisal.

General informational summary. Not legal advice for your situation. Consult an attorney before acting on any specific matter.

Michael Nacmias - Founding PartnerMichael Sargo - Partner
From the team atNacmias Law Firm, PLLCBrooklyn-based attorneys representingproperty owners across all five boroughsMeet the team →
Effective: 10/14/2020Last amended: 10/14/2020

§ 37-03 Amount of Fee.

RCNY § 37-03

The amount of each fee authorized under this chapter shall be as follows: (a) Appraisal Fee. HPD may charge an Appraisal Fee in the amount of two thousand five hundred dollars ($2,500) for each Simple Appraisal, and in the amount of three thousand dollars ($3,000) for each Complex Appraisal.

(b)Certificate of Incorporation Fee. HPD may charge a Certificate of Incorporation fee in the amount of two hundred and fifty dollars ($250).

(c)Equal Employment Compliance Fee. HPD may charge an Equal Employment Compliance Fee in the amount of seven hundred dollars ($700) for each employment report it reviews for compliance, not to exceed one thousand four hundred dollars ($1,400) per project unless such project is exempt under subdivision b of 28 RCNY § 37-04.

(d)Labor and Prevailing Wage Compliance Fee. HPD may charge a Labor and Prevailing Wage Compliance Fee in the amount of thirty thousand dollars ($30,000) for each project it reviews for compliance unless such project is exempt under subdivision b of 28 RCNY § 37-04.

(e)License Agreement Fee. HPD may charge a License Agreement Fee in the amount of one hundred dollars ($100).

(f)Mortgage Servicing Fee. HPD may charge a Mortgage Servicing Fee in the amount of four hundred dollars ($400). (Amended City Record 9/14/2020, eff. 10/14/2020)

Common Questions

Our team

Meet the people you will work with

Free case review

Talk to an attorney before you act on NYC code.

Free 15-minute case review with the attorney handling your matter. Same-day response during business hours across all five boroughs — OATH hearings, Housing Court, and real estate closings.

Or email us

[email protected]

An attorney reads every message.

  • Same-day response

    During business hours

  • Direct attorney access

    Same lawyer from intake to close

  • Flat-fee pricing

    On most OATH and closing matters