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
$1,225,000
Condo106 Clifton Place #1B
Clinton Hill
Active
$1,225,000
Co-op378 7TH Street #2R
Park Slope
Active
$1,225,000
Condo482 HANCOCK Street #BALCONY2
Stuyvesant Heights
Active
$1,220,000
Condo23 OCEAN Parkway #6G
Windsor Terrace
Active
$1,220,000
Condo180 Front Street #15H
Dumbo
Active
$1,200,000
Multi Family1068 E 86TH Street
Canarsie
Active
$1,200,000
Condo11 HOYT Street #47B
Downtown Brooklyn
Active
$1,200,000
Multi Family147 Schenectady Avenue
Weeksville
Active
$1,200,000
Condo120 N 7TH Street #3A
Williamsburg
Active
$1,200,000
Condo194 BAINBRIDGE Street #503
Stuyvesant Heights
Active
$1,200,000
Condo802 Dekalb Avenue #1B
Bedford-Stuyvesant
Active
$1,200,000
Multi Family35 Melrose Street
Bushwick
Active
$1,200,000
Multi Family1156 GLENMORE Avenue
City Line
Active
$1,200,000
Single Family Residence9 Palm Court
Prospect Lefferts Gardens
Active
$1,200,000
Condo306 Gold Street #9E
Downtown Brooklyn
Active
$1,199,999
Multi Family4013 MANHATTAN Avenue
Sea Gate
Active
$1,199,995
Apartment29 W END Avenue #PH8D
Manhattan Beach
Active
$1,199,000
Condo133 Water Street #11B
Dumbo
Active
$1,199,000
Multi Family519 E 79TH Street
Canarsie
Active
$1,199,000
Single Family Residence96 W END Avenue
Brighton Beach
Active
$1,199,000
Multi Family61 HULL Street
Ocean Hill
Active
$1,199,000
Duplex131 MADISON Street #PH
Bedford-Stuyvesant
Active
$1,199,000
Multi Family2710 E 23rd Street #2
Sheepshead Bay
Active
$1,199,000
Condo695 6th Avenue #1D
Greenwood Heights
