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
$1,750,000
Condo560 Carroll Street #1D
Park Slope
Active
$1,750,000
Multi Family138 Grove Street
Bushwick
Active
$1,750,000
Condo9 Chapel Street #6C
Downtown Brooklyn
Active
$1,750,000
Condo179 20th Street #9-B
Greenwood Heights
Active
$1,750,000
Mixed Use408 Rogers Avenue
Prospect Lefferts Gardens
$1,750,000
Multi Family383 KOSCIUSZKO Street
Stuyvesant Heights
Active
$1,750,000
Condo659 Carroll Street #4
Park Slope
Active
$1,750,000
Condo60 Tiffany Place #3C
Columbia Street Waterfront
Active
$1,750,000
Condo58 ST MARKS Place #301
Boerum Hill
Active
$1,750,000
Co-op28 OLD FULTON Street #TWE
Brooklyn Heights
Active
$1,749,995
Condo100 Jay Street #21G
Fulton Ferry
Active
$1,749,000
Condo168 Plymouth Street #3D
Dumbo
Active
$1,749,000
Condo70 WASHINGTON Street #12A
DUMBO
Active
$1,740,000
Condo145 Conselyea Street #A
Williamsburg
Active
$1,725,000
Multi Family140 WOODBINE Street
Bushwick
Active
$1,700,000
Condo388 BRIDGE Street #43H
Downtown Brooklyn
Active
$1,700,000
Condo505 COURT Street #5H
Carroll Gardens
Active
$1,700,000
Single Family Residence1702 E 28TH Street
Madison
Active
$1,700,000
Co-op16 Wyckoff Street #4
Cobble Hill
Active
$1,700,000
Single Family Residence2724 Clarendon Road #1
Ditmas Park
Active
$1,700,000
Condo184 KENT Avenue #A602
Williamsburg
Active
$1,700,000
Mixed Use2809 Church Avenue
Flatbush
Active
$1,700,000
Rental782 LINCOLN Place #BUILDING
Crown Heights
Active
$1,699,900
Rental62 15TH Street #62
Gowanus
