Quick answer: the ordinary 4-6% realtor commission applies as usual, plus a graduated statutory fiduciary commission under SCPA §2307 — not a flat 5%, whatever the internet says. See how this plays out for your own numbers in the New York probate real estate sale calculator.
Five tiers, not one flat rate
Gross value, not net
The percentage applies to the estate's gross value from the accounting, with debts, taxes, and administrative expenses left in, not subtracted out first. The statutory schedule effectively represents the maximum permissible fee, calculated before those obligations are paid.
The will can override the statute entirely
A decedent can specify a flat fee, a dollar cap, or no compensation at all directly in the will — the §2307 schedule is only the default that applies when the will is silent on the subject.
Multiple fiduciaries split it differently by estate size
Below $300,000 in gross value, one full commission is divided among however many fiduciaries are serving, based on each one's actual services. At $300,000 or more, up to two or three fiduciaries can each receive a full commission rather than splitting one; beyond three, the commission for two must still be apportioned among all of them.
It's the same math whether it's a house or a bank account
Commissions are based on amounts actually received and paid out by the fiduciary — liquidating a $100,000 bank account generates commission on that $100,000 exactly the same way a house sale generates commission on the cash it brings in.
A local probate attorney can review your estate — many offer a free consultation.
The §2307 schedule applies the same way whether the estate is probated in Manhattan, Brooklyn, Queens, or any other New York county.