582 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
$1,950,000
Triplex278 A 9th Street
Park Slope
Active
$1,950,000
Condo365 BRIDGE Street #12N
Downtown Brooklyn
Active
$1,950,000
Co-op382 3rd Street #5
Park Slope
Active
$1,950,000
Condo109 DEVOE Street #GARDEN1
Williamsburg
Active
$1,950,000
Single Family Residence39 Winthrop Street
Prospect Lefferts Gardens
Active
$1,950,000
Condo50 BAYARD Street #3D
Williamsburg
Active
$1,950,000
Condo70 Washington Street #7L
Dumbo
Active
$1,949,000
Condo112 HURON Street #2
Greenpoint
Active
$1,949,000
Condo282 N 6TH Street #2B
Williamsburg
Active
$1,925,000
Condo85 FLEET Street #70G
Downtown Brooklyn
Active
$1,925,000
Condo179 N 10th Street #5B
Williamsburg
Active
$1,920,000
Single Family Residence214 Eagle Street
Greenpoint
Active
$1,900,000
Triplex1271 Bushwick Avenue
Bushwick
Active
$1,900,000
Multi Family381 SUMPTER Street
Ocean Hill
Active
$1,900,000
Co-op75 HENRY Street #1K
Brooklyn Heights
Active
$1,900,000
Multi Family343 GATES Avenue
Bedford-Stuyvesant
Active
$1,900,000
Condo30 FRONT Street #19D
DUMBO
$1,900,000
Triplex377 CHAUNCEY Street #BUILDING
Stuyvesant Heights
Active
$1,899,000
Condo151 FREEMAN Street #1A
Greenpoint
Active
$1,899,000
Multi Family544 VAN BUREN Street
Stuyvesant Heights
Active
$1,898,000
Multi Family727 53RD Street
Sunset Park
Active
$1,895,000
Condo132 6TH Avenue #5
Park Slope
Active
$1,895,000
Rental582 E 28TH Street #3FAMILY
Flatbush
Active
$1,895,000
Single Family Residence144 11th Street
Gowanus
