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
$1,499,000
Multi Family186 COVERT Street
Bushwick
Active
$1,499,000
Multi Family408 E 29TH Street
Flatbush
Active
$1,499,000
Mixed Use104 Albany Avenue
Crown Heights
Active
$1,499,000
Multi Family30 Marconi Place
Bedford-Stuyvesant
Active
$1,495,000
Condo500 4TH Avenue #9F
Gowanus
Active
$1,495,000
Multi Family1773 Nostrand Avenue
Flatbush
Active
$1,495,000
Condo1590 PACIFIC Street #PH
Crown Heights
Active
$1,495,000
Multi Family71 Bleecker Street
Bushwick
Active
$1,495,000
Single Family Residence150 SULLIVAN Place
Crown Heights
Active
$1,495,000
Co-op60 Remsen Street #4F
Brooklyn Heights
Active
$1,495,000
Condo360 Furman Street #924
Brooklyn Heights
Active
$1,495,000
Condo625 NEW YORK Avenue #6A
Prospect Lefferts Gardens
Active
$1,495,000
Condo76 Engert Avenue #4B
Greenpoint
Active
$1,495,000
Condo350 DE GRAW Street #4
Carroll Gardens
Active
$1,495,000
Condo744 Park Place #2B
Crown Heights
Active
$1,495,000
Condo127 KENT Avenue #PH1D
Williamsburg
Active
$1,495,000
Condo110 Coffey Street #3C
Red Hook
Active
$1,495,000
Co-op1 Plaza Street W #14A
Park Slope
Active
$1,495,000
Condo186 Clinton Avenue #2B
Clinton Hill
Active
$1,495,000
Condo289 SCHERMERHORN Street #4A
Downtown Brooklyn
Active
$1,495,000
Condo9 Chapel Street #5
Downtown Brooklyn
Active
$1,490,000
Condo74 DIAMOND Street #4B
Greenpoint
Active
$1,490,000
Condo30 Skillman Avenue #4R
Williamsburg
Active
$1,480,000
Multi Family336 57th Street ##2FAM
Sunset Park
