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
$1,198,000
Single Family Residence5007 Surf Avenue
Coney Island
Active
$1,195,000
Co-op176 SEELEY Street #D/1
Windsor Terrace
Active
$1,195,000
Condo854 PUTNAM Avenue #4A
Stuyvesant Heights
Active
$1,195,000
Condo1118 Fulton Street #6R
Bedford-Stuyvesant
Active
$1,195,000
Condo757 FLATBUSH Avenue #101
Flatbush
Active
$1,195,000
Condo185 18th Street #307
Greenwood Heights
Active
$1,195,000
Co-op391 3rd Street #GARDEN
Park Slope
Active
$1,195,000
Condo79 Clay Street #4F
Greenpoint
Active
$1,195,000
Condo251 16th Street #3B
Park Slope
Active
$1,195,000
Condo297 DRIGGS Avenue #6B
Greenpoint
Active
$1,190,000
Co-op310 Windsor Place #32
Windsor Terrace
Active
$1,189,000
Condo245 Nostrand Avenue #2
Bedford-Stuyvesant
Active
$1,185,000
Condo259 22ND Street #4G
Greenwood Heights
Active
$1,180,000
Condo34 N 7th Street #6Z
Williamsburg
Active
$1,175,000
Condo717 Grand Street #303
Williamsburg
Active
$1,175,000
Condo246 Withers Street #3F
Williamsburg
Active
$1,175,000
Condo11 HOYT Street #45B
Downtown Brooklyn
Active
$1,175,000
Condo29 Montrose Avenue #5B
Williamsburg
Active
$1,174,900
Condo96 Woodpoint Road #3-A
East Williamsburg
Active
$1,174,000
Condo710 Metropolitan Avenue #1E
East Williamsburg
Active
$1,170,000
Multi Family9133 AVE N
Canarsie
Active
$1,165,000
Condo23 OCEAN Parkway #5H
Windsor Terrace
Active
$1,165,000
Co-op176 Sterling Place #6R
Park Slope
Active
$1,162,500
Condo230 ASHLAND Place #11D
Fort Greene
