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
$1,125,000
Condo259 22ND Street #2G
Greenwood Heights
Active
$1,125,000
Condo184 Kent Avenue #C103
Williamsburg
Active
$1,125,000
Condo100 JAY Street #14E
DUMBO
Active
$1,125,000
Condo480 KENT Avenue #18F
Williamsburg
Active
$1,125,000
Condo180 Front Street #2J
Dumbo
Active
$1,125,000
Condo323 Bergen Street #120E
Boerum Hill
Active
$1,120,000
Condo460 Halsey Street #3F
Bedford-Stuyvesant
Active
$1,120,000
Condo100 MASPETH Avenue #6H
East Williamsburg
Active
$1,100,000
Multi Family95 E 37th Street
East Flatbush
Active
$1,100,000
Condo362 15th Street #3F
Park Slope
Active
$1,100,000
Condo69 Berry Street #L1
Williamsburg
Active
$1,100,000
Condo124 Washington Avenue #1A
Clinton Hill
Active
$1,100,000
Condo155 NEWEL Street #4A
Greenpoint
Active
$1,100,000
Condo222 16TH Street #2E
Park Slope
Active
$1,100,000
Condo160 Imlay Street #3D1
Red Hook
Active
$1,100,000
Condo88 WITHERS Street #4A
Williamsburg
Active
$1,100,000
Condo8 Vanderbilt Avenue #3A
Fort Greene
Active
$1,100,000
Multi Family902 New York Avenue
Flatbush
Active
$1,100,000
Condo110 Livingston Street #11I
Downtown Brooklyn
Active
$1,100,000
Multi Family10567 Flatlands 7th Street
Canarsie
Active
$1,100,000
Multi Family1451 Gates Avenue
Bushwick
Active
$1,100,000
Mixed Use2005 Fulton Street
Bedford-Stuyvesant
Active
$1,099,000
Multi Family2545 HUBBARD Street
Sheepshead Bay
Active
$1,099,000
Co-op71 Ocean Parkway #5N
Windsor Terrace
