572 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
$1,250,000
Condo229 WITHERS Street #2A
Williamsburg
Active
$1,250,000
Multi Family83 Suydam Street #MULTI
Bushwick
Active
$1,250,000
Condo689 Myrtle Avenue #5I
Bedford-Stuyvesant
$1,250,000
Condo429 Kent Avenue #731
Williamsburg
Active
$1,250,000
Condo214 N 11TH Street #5A
Williamsburg
Active
$1,250,000
Co-op10 Plaza Street E #2J
Prospect Heights
Active
$1,250,000
Condo354 2ND Street #2B
Park Slope
Active
$1,250,000
Condo197 PULASKI Street #1
Bedford-Stuyvesant
Active
$1,250,000
Condo366 GATES Avenue #1B
Bedford-Stuyvesant
Active
$1,250,000
Rental444 15TH Street #2L
Park Slope
Active
$1,250,000
Condo230 ASHLAND Place #16A
Fort Greene
Active
$1,250,000
Multi Family1391 HERKIMER Street
Ocean Hill
Active
$1,250,000
Condo810 Sterling Place #2
Crown Heights
Active
$1,250,000
Multi Family1222 Decatur Street
Bushwick
Active
$1,250,000
Condo179 N 10th Street #5E
Williamsburg
Active
$1,249,999
Multi Family309 Stanhope Street #0
Bushwick
Active
$1,249,500
Condo230 ASHLAND Place #21D
Fort Greene
Active
$1,240,000
Condo111 MONTGOMERY Street #12F
Crown Heights
Active
$1,238,000
Condo11 VAN BUREN Street #3
Bedford-Stuyvesant
$1,235,000
Condo142 CLIFTON Place #4A
Bedford-Stuyvesant
Active
$1,235,000
Condo23 OCEAN Parkway #7G
Windsor Terrace
Active
$1,225,000
Condo524 Manhattan Avenue #1B
Greenpoint
Active
$1,225,000
Condo625 NEW YORK Avenue #3H
Prospect Lefferts Gardens
Active
$1,225,000
Condo194 BAINBRIDGE Street #202
Stuyvesant Heights
