577 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
$1,295,000
Multi Family207 ATKINS Avenue
East New York
Active
$1,295,000
Condo246 Maple Street #PHA
Prospect Lefferts Gardens
Active
$1,295,000
Rental1108 WINTHROP Street #MULTIFAM
Brownsville
Active
$1,295,000
Condo709 Carroll Street #4L
Park Slope
Active
$1,295,000
Condo315 Gates Avenue #1F
Bedford-Stuyvesant
Active
$1,295,000
Condo125 N 10TH Street #S3I
Williamsburg
Active
$1,295,000
Condo1 Hanson Place #21C
Fort Greene
Active
$1,295,000
Condo1048 FLUSHING Avenue #PH
Bushwick
Active
$1,290,000
Condo23 OCEAN Parkway #3B
Windsor Terrace
Active
$1,285,000
Condo319 Schermerhorn Street #14D
Downtown Brooklyn
Active
$1,275,000
Condo500 4TH Avenue #7A
Gowanus
Active
$1,275,000
Condo521A GREENE Avenue #1
Bedford-Stuyvesant
Active
$1,275,000
Condo21 POWERS Street #PHC
Williamsburg
Active
$1,275,000
Co-op66 4TH Place #4R
Carroll Gardens
Active
$1,275,000
Apartment311 EASTERN Parkway #3
Crown Heights
Active
$1,275,000
Condo229 WITHERS Street #3A
Williamsburg
Active
$1,274,888
Condop1 CITY Point #16D
Downtown Brooklyn
Active
$1,260,000
Condo1152 LAFAYETTE Avenue #2B
Bushwick
Active
$1,255,000
Condo480 KENT Avenue #17F
Williamsburg
Active
$1,250,000
Condo96 ROCKWELL Place #8C
Fort Greene
Active
$1,250,000
Condo6917 SHORE Road #4APS10
Bay Ridge
Active
$1,250,000
Condo173 MC GUINNESS Boulevard #4A
Greenpoint
Active
$1,250,000
Condo110 Livingston Street #3C
Downtown Brooklyn
Active
$1,250,000
Condo86 GREEN Street #3
Greenpoint
