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
$1,550,000
Multi Family223 22nd Street
Greenwood Heights
Active
$1,550,000
Multi Family638 Halsey Street
Bedford-Stuyvesant
Active
$1,550,000
Condo124 Washington Avenue #3C
Clinton Hill
Active
$1,550,000
Apartment82 STERLING Place #2
Park Slope
Active
$1,549,000
Condo155 Hope Street #4-A
Williamsburg
Active
$1,548,000
Multi Family1891 E 29TH Street
Madison
Active
$1,525,000
Multi Family1341 JEFFERSON Avenue
Bushwick
Active
$1,525,000
Co-op185 Prospect Park SW #309
Windsor Terrace
Active
$1,525,000
Condo805 WASHINGTON Avenue #4B
Crown Heights
Active
$1,515,000
Condo155 Hope Street #3-A
Williamsburg
Active
$1,500,000
Multi Family125 Linden Street
Bushwick
$1,500,000
Condo245 16TH Street #3
Park Slope
Active
$1,500,000
Single Family Residence59 94TH Street
Fort Hamilton
Active
$1,500,000
Condo65 CLIFTON Place #1B
Clinton Hill
Active
$1,500,000
Multi Family406 4th Avenue
Gowanus
Active
$1,500,000
Condo184 Kent Avenue #506B
Williamsburg
Active
$1,499,999
Condo98 Front Street #J9
Dumbo
Active
$1,499,000
Condo218 23RD Street #2
Greenwood Heights
Active
$1,499,000
Condo659 Grand Street #1
Williamsburg
Active
$1,499,000
Multi Family636 E 96TH Street
Canarsie
Active
$1,499,000
Single Family Residence256 87th Street
Bay Ridge
Active
$1,499,000
Condo131 Jackson Street #4A
Williamsburg
Active
$1,499,000
Condo480 KENT Avenue #21E
Williamsburg
Active
$1,499,000
Condo353 3RD Street #4B
Park Slope
