579 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
$1,795,000
Triplex1484 Prospect Place
Weeksville
Active
$1,795,000
Condo316 Carroll Street #1
Carroll Gardens
Active
$1,795,000
Mixed Use429 RALPH Avenue
Crown Heights
Active
$1,795,000
Multi Family235 Arlington Avenue
East New York
Active
$1,795,000
Single Family Residence217 OVINGTON Avenue
Bay Ridge
Active
$1,795,000
Condo50 Greenpoint Avenue #PHB
Greenpoint
Active
$1,795,000
Single Family Residence297 Bainbridge Street
Bedford-Stuyvesant
Active
$1,795,000
Condo149 PROSPECT Place #PHSE
Prospect Heights
Active
$1,795,000
Single Family Residence437 Lewis Avenue
Stuyvesant Heights
Active
$1,795,000
Condo72 Quincy Street #1
Bedford-Stuyvesant
Active
$1,795,000
Condo814 5TH Avenue #PH4A
Greenwood Heights
Active
$1,795,000
Multi Family5822 12TH Avenue
Borough Park
Active
$1,788,000
Multi Family6659 COLONIAL Road
Bay Ridge
Active
$1,785,000
Multi Family35 HAUSMAN Street
Greenpoint
Active
$1,779,000
Condo669 St Marks Avenue #2B
Crown Heights
Active
$1,775,000
Condo184 Kent Avenue #D607
Williamsburg
Active
$1,775,000
Multi Family916 PUTNAM Avenue
Stuyvesant Heights
Active
$1,775,000
Condo325 GREENE Avenue #1B
Bedford-Stuyvesant
Active
$1,775,000
Condo440 KENT Avenue #15A
Williamsburg
Active
$1,775,000
Condo51 JAY Street #5M
DUMBO
Active
$1,750,000
Condo128 Summit Street #3
Carroll Gardens
Active
$1,750,000
Multi Family962 Gates Avenue
Bedford-Stuyvesant
Active
$1,750,000
Condo289 SCHERMERHORN Street #9B
Downtown Brooklyn
Active
$1,750,000
Mixed Use350 Malcolm X Boulevard
Bedford-Stuyvesant
