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
$1,825,000
Condo62 Washington Avenue #2
Clinton Hill
Active
$1,825,000
Condo222 16TH Street #5D
Park Slope
Active
$1,825,000
Condo1110 Manhattan Avenue #2
Greenpoint
Active
$1,820,000
Condo480 KENT Avenue #12A
Williamsburg
Active
$1,800,000
Multi Family505 Macon Street
Stuyvesant Heights
$1,800,000
Duplex100 16TH Street #GARDEN
Gowanus
Active
$1,800,000
Condo340 Metropolitan Avenue #5-B
Williamsburg
Active
$1,800,000
Multi Family250 Boerum Street
East Williamsburg
Active
$1,800,000
Condo171 N 1ST Street #5H
Williamsburg
Active
$1,800,000
Multi Family7530 NARROWS Avenue
Bay Ridge
Active
$1,800,000
Condo567 8th Street #1R
Park Slope
Active
$1,800,000
Co-op60 PINEAPPLE Street #7B
Brooklyn Heights
Active
$1,800,000
Rental613 JEFFERSON Avenue #1
Stuyvesant Heights
Active
$1,800,000
Condo168 Hancock Street #1
Bedford-Stuyvesant
Active
$1,800,000
Single Family Residence1547 E 27TH Street
Madison
Active
$1,800,000
Multi Family316 84th Street
Bay Ridge
Active
$1,800,000
Condo21 Lefferts Place #1
Clinton Hill
Active
$1,800,000
Multi Family9617 AVE M
Canarsie
Active
$1,799,999
Multi Family211 HALSEY Street
Bedford-Stuyvesant
Active
$1,799,000
Condo51 JAY Street #3E
DUMBO
Active
$1,799,000
Condo100 Jay Street #18G
Dumbo
Active
$1,798,000
Multi Family3925 Lyme Avenue
Coney Island
Active
$1,795,000
Condo185 Skillman Avenue #2R
Williamsburg
Active
$1,795,000
Condo214 N 11TH Street #1V
Williamsburg
