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
$1,350,000
Multi Family427 Dewitt Avenue
East New York
Active
$1,350,000
Condo9 Chapel Street #2C
Downtown Brooklyn
Active
$1,350,000
Condo751 DEAN Street #4
Prospect Heights
Active
$1,350,000
Multi Family1374 NOSTRAND Avenue
Flatbush
Active
$1,345,000
Condo179 20th Street #5-A
Greenwood Heights
Active
$1,335,000
Condo757 Flatbush Avenue #610
Flatbush
Active
$1,325,000
Triplex154 SUMPTER Street #3FAM
Stuyvesant Heights
Active
$1,325,000
Condo360 Furman Street #301
Brooklyn Heights
Active
$1,320,000
Co-op416 Ocean Avenue #14
Prospect Park South
Active
$1,300,000
Condo289 13TH Street #2R
Park Slope
Active
$1,300,000
Condo229 WITHERS Street #4A
Williamsburg
Active
$1,300,000
Condo84 FRONT Street #11A
DUMBO
Active
$1,300,000
Single Family Residence681 E 4TH Street
Kensington
Active
$1,300,000
Condo198 Monitor Street #2A
Greenpoint
Active
$1,300,000
Condo591 Washington Avenue #201
Crown Heights
Active
$1,300,000
Condo23 OCEAN Parkway #1C
Windsor Terrace
Active
$1,299,999
Multi Family1796 EASTERN Parkway
Crown Heights
Active
$1,299,000
Duplex255 Covert Street #TWNHSE
Bushwick
Active
$1,299,000
Condo216 CALYER Street #1B
Greenpoint
Active
$1,299,000
Single Family Residence2019 AVE R
Madison
Active
$1,298,000
Multi Family1248 E 70th Street
Bergen Beach
Active
$1,295,000
Multi Family1690 Flatbush Avenue #6
Midwood
Active
$1,295,000
Condo976 Metropolitan Avenue #1B
East Williamsburg
$1,295,000
Condo118 Madison Street #3
Bedford-Stuyvesant
