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
$1,675,000
Apartment82 STERLING Place #4
Park Slope
Active
$1,675,000
Condo319 Greene Avenue #1A
Bedford-Stuyvesant
Active
$1,665,000
Condo179 20th Street #11-A
Greenwood Heights
Active
$1,650,000
Condo509 Pacific Street #3J
Boerum Hill
Active
$1,650,000
Condo184 Kent Avenue #D319
Williamsburg
Active
$1,650,000
Condo110 Coffey Street #2B
Red Hook
Active
$1,650,000
Multi Family1334 PACIFIC Street
Crown Heights
Active
$1,650,000
Condop315 FLATBUSH Avenue #2
Prospect Heights
Active
$1,650,000
Single Family Residence119 86th Street
Bay Ridge
Active
$1,650,000
Condo473 Hicks Street #3
Cobble Hill
Active
$1,645,000
Condo30 Front Street #15E
Dumbo
Active
$1,645,000
Condo30 FRONT Street #15E
DUMBO
Active
$1,645,000
Condo222 16TH Street #4G
Park Slope
Active
$1,640,000
Condo268 WYTHE Avenue #2B
Williamsburg
Active
$1,625,000
Multi Family479 Bainbridge Street #Two Family Townhouse
Stuyvesant Heights
Active
$1,625,000
Condo98 Clifton Place #3A
Clinton Hill
Active
$1,625,000
Duplex142 W 9th Street #2
Carroll Gardens
Active
$1,620,000
Condo21 India Street #30D
Greenpoint
Active
$1,615,000
Condo155 Hope Street #4-B
Williamsburg
Active
$1,600,000
Single Family Residence665 RUTLAND Road
Wingate
Active
$1,600,000
Multi Family587A LEXINGTON Avenue
Stuyvesant Heights
Active
$1,599,995
Single Family Residence874 BUSHWICK Avenue
Bushwick
Active
$1,599,500
Condo335 Warren Street #102
Boerum Hill
Active
$1,599,000
Condo388 Bridge Street #39G
Downtown Brooklyn
