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
$1,099,000
Condo365 BRIDGE Street #11G
Downtown Brooklyn
Active
$1,099,000
Multi Family2346 Pacific Street
Crown Heights
Active
$1,099,000
Co-op137 GUERNSEY Street #3L
Greenpoint
Active
$1,099,000
Condo360 Furman Street #842
Brooklyn Heights
Active
$1,099,000
Condo29 HURON Street #4DW
Greenpoint
Active
$1,095,000
Condo1230 BEDFORD Avenue #3R
Bedford-Stuyvesant
Active
$1,095,000
Condo40 Huntington Street #2C
Red Hook
Active
$1,095,000
Multi Family704 E 103rd Street #THS
Canarsie
Active
$1,095,000
Co-op141 Lafayette Avenue #A
Fort Greene
Active
$1,095,000
Condo46 KOSSUTH Place #1A
Bushwick
Active
$1,095,000
Condo1152 LAFAYETTE Avenue #4B
Bushwick
Active
$1,095,000
Condo176 Frost Street #3-A
East Williamsburg
$1,089,000
Multi Family1219 HALSEY Street
Bushwick
Active
$1,089,000
Condo379 OCEAN Parkway #PHA
Kensington
Active
$1,089,000
Single Family Residence2136 E 28th Street
Sheepshead Bay
Active
$1,085,000
Condo24 DUNHAM Place #2A
Williamsburg
Active
$1,080,000
Condo78 HARMAN Street #TWNHS
Bushwick
Active
$1,079,000
Multi Family912 BROOKLYN Avenue
East Flatbush
Active
$1,079,000
Condo379 OCEAN Parkway #PHB
Kensington
Active
$1,075,000
Condo100 Scholes Street #3-B
Williamsburg
Active
$1,075,000
Condo1230 Bedford Avenue #2F
Bedford-Stuyvesant
Active
$1,075,000
Condo355A HALSEY Street #2
Stuyvesant Heights
Active
$1,075,000
Condo338 Devoe Street #2A
East Williamsburg
Active
$1,070,000
Condo445 5th Avenue #PH-D
Park Slope
