578 properties priced between $1M and $2M
Buying a $1M to $2M apartment in NYC puts the purchase in the first mansion tax bracket: 1.00% of the full price, paid by the buyer at closing, so a $1,000,000 contract owes $10,000 and a $1,500,000 contract owes $15,000. A contract at exactly $2,000,000 moves into the 1.25% bracket and owes $25,000, while a $999,999 purchase owes no mansion tax at all.
Co-ops and condos in this band follow different rules. A co-op purchase is a transfer of shares that needs board approval, and the board reviews the buyer's full financial package before it votes; a condo generally requires no board approval and allows more flexibility for investors and pied-a-terre buyers. The mansion tax applies to both, since there is no co-op exemption.
| Purchase price | Mansion tax rate | Arithmetic | Mansion tax (buyer) |
|---|---|---|---|
| $999,999 | 0% | Below the $1,000,000 threshold | $0 |
| $1,000,000 | 1.00% | $1,000,000 x 0.0100 | $10,000 |
| $1,500,000 | 1.00% | $1,500,000 x 0.0100 | $15,000 |
| $1,990,000 | 1.00% | $1,990,000 x 0.0100 | $19,900 |
| $2,000,000 | 1.25% | $2,000,000 x 0.0125 | $25,000 |
The $1M to $2M band is the deepest segment of the Brooklyn sale market, spanning one and two bedroom condos in full-service buildings, larger pre-war co-ops, and some townhouse units. Every purchase at or above $1M triggers the NYC mansion tax, which starts at 1% of the purchase price in this band and is paid by the buyer at closing.
I work with buyers across all five boroughs at this price point. Read the mansion tax guide, or use the form below to start a private search.
Tell me the price range and what you are after in Brooklyn. I read every request myself, and nothing you write here is shared with a listing broker without your say.
Active
$1,599,000
Condo320 Humboldt Street #2
Williamsburg
Active
$1,595,000
Single Family Residence1693 Dean Street
Weeksville
Active
$1,595,000
Condo30 Front Street #18D
Dumbo
Active
$1,595,000
Condo198 ROEBLING Street #3A
Williamsburg
Active
$1,595,000
Condo1 TIFFANY Place #4H
Carroll Gardens
Active
$1,595,000
Condo30 FRONT Street #18D
DUMBO
Active
$1,595,000
Condo98 FRONT Street #4J
DUMBO
Active
$1,595,000
Condo70 Washington Street #2B
Dumbo
Active
$1,595,000
Condo94 Wyckoff Street #1R
Boerum Hill
Active
$1,595,000
Multi Family269 MARLBOROUGH Road
Ditmas Park
Active
$1,595,000
Condo744 Park Place #3B
Crown Heights
Active
$1,595,000
Single Family Residence219 26th Street
Greenwood Heights
Active
$1,575,000
Single Family Residence476 Chauncey Street
Bedford-Stuyvesant
Active
$1,575,000
Multi Family2611 AVE J
Midwood
Active
$1,575,000
Multi Family935 E 31st Street
Midwood
Active
$1,575,000
Co-op10 Willow Place #2
Brooklyn Heights
Active
$1,575,000
Multi Family1545 Pacific Street
Crown Heights
Active
$1,575,000
Condo214 N 11th Street #1F
Williamsburg
Active
$1,575,000
Condo100 Gold Street #PHA
Dumbo
Active
$1,565,000
Condo211 SCHERMERHORN Street #5B
Downtown Brooklyn
Active
$1,560,000
Condop1 CITY Point #59G
Downtown Brooklyn
Active
$1,550,000
Duplex139 22nd Street
Greenwood Heights
Active
$1,550,000
Condo215 CALYER Street #1
Greenpoint
Active
$1,550,000
Multi Family288 NEW YORK Avenue
Crown Heights
