1,454 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 Manhattan 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 Manhattan. I read every request myself, and nothing you write here is shared with a listing broker without your say.
Active
$1,950,000
Triplex236 W 112TH Street #1
South Harlem
Active
$1,950,000
Condo1280 5TH Avenue #20F
East Harlem
Active
$1,950,000
Multi Family15 W 131st Street
Central Harlem
Active
$1,950,000
Co-op33 E END Avenue #3AB
Yorkville
Active
$1,950,000
Co-op400 E 56th Street #19CD
Sutton Place
Active
$1,950,000
Condo525 Park Avenue #10D
Lenox Hill
Active
$1,950,000
Condo205 E 68TH Street #TPHB
Lenox Hill
Active
$1,950,000
Condo127 MADISON Avenue #4
NoMad
Active
$1,950,000
Condo257 W 117th Street #1E
Harlem
Active
$1,950,000
Co-op472 Greenwich Street #PH
Tribeca
Active
$1,950,000
Co-op1 GRACIE Terrace #17F
Yorkville
Active
$1,950,000
Co-op860 UNITED NATIONS Plaza #27/28C
Beekman
Active
$1,950,000
Multi Family601 W 187th Street
Fort George
Active
$1,950,000
Co-op500 Grand Street #A9B-9C
Lower East Side
Active
$1,950,000
Single Family Residence642 W 138TH Street
Hamilton Heights
Active
$1,950,000
Condo38 Delancey Street #4B
Nolita
Active
$1,950,000
Co-op40 E 88TH Street #6E
Carnegie Hill
Active
$1,950,000
Condo350 W 42nd Street #37D
Hell's Kitchen
Active
$1,950,000
Condo121 W 20TH Street #2D
Chelsea
Active
$1,950,000
Co-op91 E End Avenue #A
Upper East Side
Active
$1,950,000
Condo547 W 47TH Street #PH12
Hell's Kitchen
Active
$1,950,000
Condo243 W 60th Street #2B
Upper West Side
Active
$1,950,000
Co-op889 Broadway #2A
Flatiron
Active
$1,950,000
Co-op285 RIVERSIDE Drive #12C
Upper West Side
