Generally, closing takes place between 60 to 90 days after a contract of sale has been signed. It includes many steps that take place at several locations.Call our Bronx office at 7188222203, or our Westchester office at 9142358500. The real estate closing process in New York involves several steps that close the transfer of property ownership from the seller to the buyer. The basic steps for buying and selling real property include: Buyer, seller and lender attend closing. The Office of the City Register records and maintains New York City real property and certain personal property transfer records, such as mortgage documents. Whether you're thinking of buying a condo, coop or house, we'll tell you what to expect when closing on a home in New York City. All open charges must be paid at closing as same are a lien on the property. The first step in any real estate transaction is to find the property of your choice and make a verbal offer. Unlike other closing costs, transfer taxes are due on all property types houses, condos and coops.