578 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
$1,699,000
Multi Family466 E 28TH Street
Flatbush
Active
$1,699,000
Condo175 HURON Street #4
Greenpoint
Active
$1,699,000
Multi Family825 Kenmore Place
Ditmas Park
Active
$1,699,000
Co-op119 PROSPECT Park W #1
Park Slope
Active
$1,695,000
Condo61 N HENRY Street #GARDEN1
Greenpoint
Active
$1,695,000
Condo289 SCHERMERHORN Street #5C
Downtown Brooklyn
Active
$1,695,000
Condo215 CALYER Street #3
Greenpoint
Active
$1,695,000
Condo751 DEAN Street #1
Prospect Heights
Active
$1,695,000
Condo744 Park Place #3A
Crown Heights
Active
$1,695,000
Condo247 DRIGGS Avenue #PHB
Greenpoint
Active
$1,695,000
Co-op188 Degraw Street #3
Carroll Gardens
Active
$1,695,000
Multi Family611 76TH Street
Bay Ridge
Active
$1,695,000
Condo610 WARREN Street #2F
Boerum Hill
Active
$1,695,000
Condo47 Bridge Street #6-B
Vinegar Hill
Active
$1,695,000
Multi Family274 Bleecker Street #TWN
Bushwick
Active
$1,695,000
Multi Family462 Decatur Street
Bedford-Stuyvesant
Active
$1,695,000
Multi Family29 MACDOUGAL Street
Stuyvesant Heights
Active
$1,695,000
Condo34 N 7th Street #6F
Williamsburg
Active
$1,695,000
Condo1638 8th Avenue #1Q
Park Slope
Active
$1,695,000
Condo219 St Johns Place #2
Park Slope
Active
$1,689,999
Co-op9 PROSPECT Park W #1A
Park Slope
Active
$1,675,000
Condo23 OCEAN Parkway #3N
Windsor Terrace
Active
$1,675,000
Triplex100 Pilling Street
Bushwick
Active
$1,675,000
Multi Family2245 64th Street
Mapleton
