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
$1,425,000
Condo128 Summit Street #1
Carroll Gardens
Active
$1,425,000
Co-op185 Prospect Park SW #403
Windsor Terrace
Active
$1,420,000
Condo480 KENT Avenue #17G
Williamsburg
Active
$1,405,000
Condo85 FLEET Street #68D
Downtown Brooklyn
Active
$1,400,000
Condo161 N 4TH Street #1I
Williamsburg
Active
$1,400,000
Condo717 Grand Street #302
Williamsburg
Active
$1,400,000
Multi Family124 THOMAS S BOYLAND Street
Ocean Hill
Active
$1,399,999
Single Family Residence922 83rd Street
Dyker Heights
Active
$1,399,999
Multi Family904 GATES Avenue
Stuyvesant Heights
Active
$1,399,000
Condo160 Imlay Street #3B4
Red Hook
Active
$1,399,000
Multi Family115 Freeman Street
Greenpoint
Active
$1,399,000
Multi Family1060 ROGERS Avenue
Flatbush
Active
$1,399,000
Condo243 8TH Street #2L
Park Slope
Active
$1,398,000
Condo120 N 7TH Street #2B
Williamsburg
Active
$1,395,000
Condo150 Myrtle Avenue #1601
Downtown Brooklyn
Active
$1,395,000
Multi Family1207 HANCOCK Street
Bushwick
Active
$1,395,000
Condo251 1ST Street #3E
Park Slope
Active
$1,395,000
Mixed Use886 RUTLAND Road
East Flatbush
Active
$1,395,000
Co-op230 Park Place #6M
Prospect Heights
Active
$1,395,000
Condo625 NEW YORK Avenue #6B
Prospect Lefferts Gardens
Active
$1,395,000
Multi Family1055 E 34TH Street
East Flatbush
Active
$1,395,000
Condo117 POWERS Street #GARDEN2
Williamsburg
Active
$1,395,000
Condo168 Hancock Street #4A
Bedford-Stuyvesant
Active
$1,395,000
Condo814 5TH Avenue #3C
Greenwood Heights
