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
$1,895,000
Condo360 Furman Street #305
Brooklyn Heights
Active
$1,895,000
Condo145 Conselyea Street #B
Williamsburg
Active
$1,895,000
Condo212 HURON Street #3
Greenpoint
Active
$1,895,000
Condo172 N 10th Street #2A
Williamsburg
Active
$1,895,000
Single Family Residence637 VANDERBILT Street
Windsor Terrace
Active
$1,895,000
Condo51 JAY Street #1A
DUMBO
Active
$1,895,000
Condo124 Washington Avenue #1B
Clinton Hill
Active
$1,895,000
Single Family Residence551 LEXINGTON Avenue
Stuyvesant Heights
Active
$1,890,000
Condo480 KENT Avenue #15A
Williamsburg
Active
$1,879,000
Condo51 JAY Street #3M
DUMBO
Active
$1,875,000
Multi Family554 LEXINGTON Avenue
Stuyvesant Heights
Active
$1,870,000
Multi Family464 Quincy Street
Bedford-Stuyvesant
Active
$1,850,000
Multi Family235 79th Street
Bay Ridge
Active
$1,850,000
Condo44 Cheever Place #402
Cobble Hill
Active
$1,850,000
Condo667 Degraw Street #2
Park Slope
Active
$1,850,000
Multi Family15 BLEECKER Street
Bushwick
Active
$1,850,000
Multi Family768 Linden Boulevard
East Flatbush
Active
$1,850,000
Condo21 INDIA Street #36D
Greenpoint
Active
$1,850,000
Multi Family1039 FULTON Street
Clinton Hill
Active
$1,849,999
Multi Family281 23RD Street
Greenwood Heights
Active
$1,849,000
Condo16 RIDGEWOOD Place #2
Bushwick
Active
$1,849,000
Condo259 22ND Street #2E
Greenwood Heights
Active
$1,849,000
Condo174 EAGLE Street #2
Greenpoint
Active
$1,848,000
Multi Family1829 W 10TH Street
Gravesend
