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
$1,150,000
Condo220 Schaefer Street #1
Bushwick
Active
$1,150,000
Multi Family1564 Kimball Street
Marine Park
Active
$1,150,000
Condo176 Johnson Street #4-A
Downtown Brooklyn
Active
$1,150,000
Multi Family413 68th Street
Bay Ridge
Active
$1,150,000
Condo118 Clinton Avenue #2A
Clinton Hill
Active
$1,150,000
Condo757 FLATBUSH Avenue #407
Flatbush
Active
$1,150,000
Condo696 Chauncey Street #TWNHSE
Bushwick
Active
$1,150,000
Condo260 N 9th Street #6C
Williamsburg
Active
$1,150,000
Condo289 SCHERMERHORN Street #4F
Downtown Brooklyn
Active
$1,150,000
Multi Family487 E 93rd Street
Brownsville
Active
$1,150,000
Co-op920 Union Street #1A
Park Slope
Active
$1,150,000
Multi Family27 Hubbard Place
East Flatbush
Active
$1,150,000
Condo23 Ocean Parkway #7H
Windsor Terrace
Active
$1,150,000
Multi Family695 Meeker Avenue #6
Greenpoint
Active
$1,150,000
Multi Family1152 Jefferson Avenue
Bushwick
Active
$1,150,000
Condo58 St Marks Place #706
Boerum Hill
Active
$1,150,000
Condo157 Rogers Avenue #GARDEN
Crown Heights
Active
$1,150,000
Condo610 Warren Street #3D
Boerum Hill
Active
$1,150,000
Condo575 4TH Avenue #3F
Park Slope
Active
$1,150,000
Condo185 York Street #3C
Dumbo
$1,145,000
Condo429 Kent Avenue #706
Williamsburg
Active
$1,142,500
Condo75 KINGSLAND Avenue #4B
Williamsburg
Active
$1,140,000
Condo184 KENT Avenue #A616
Williamsburg
Active
$1,125,000
Condo717 Grand Street #301
Williamsburg
