2,284 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 NYC 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 NYC. I read every request myself, and nothing you write here is shared with a listing broker without your say.
Active
$2,000,000
Multi Family475 E 115TH Street
East Harlem
Active
$2,000,000
Co-op200 CENTRAL Park S #8R
Central Park South
Active
$2,000,000
Co-op33 W 67th Street #FE
Upper West Side
Active
$2,000,000
Co-op425 E 58TH Street #14D
Sutton Place
Active
$2,000,000
Co-op29 E 64TH Street #10C
Lenox Hill
Active
$2,000,000
Condo100 Riverside Boulevard #21A
Upper West Side
Active
$2,000,000
Condo354 Dean Street #1
Boerum Hill
Active
$2,000,000
Co-op891 PARK Avenue #FLR10
Lenox Hill
Active
$2,000,000
Multi Family879 Greene Avenue
Bedford-Stuyvesant
Active
$2,000,000
Condo439 W 36TH Street #2A
Hudson Yards
Active
$2,000,000
Condo218 W 103rd Street #11E
Manhattan Valley
Active
$2,000,000
Multi Family1811 72nd Street
Bensonhurst
Active
$2,000,000
Condo20 PINE Street #907/908
Financial District
Active
$2,000,000
Co-op165 CHRISTOPHER Street #3KL
West Village
Active
$2,000,000
Co-op731 Greenwich Street #2
West Village
Active
$2,000,000
Condo60 W 20th Street #5M
Flatiron
Active
$2,000,000
Condo1474 3RD Avenue #3S
Upper East Side
Active
$2,000,000
Multi Family531 W 149TH Street
Hamilton Heights
Active
$2,000,000
Condo427 E 12TH Street #1A
East Village
Active
$2,000,000
Multi Family621 W 138th Street
Hamilton Heights
Active
$2,000,000
Condo365 BRIDGE Street #22C
Downtown Brooklyn
Active
$2,000,000
Co-op258 Broadway #3G
Tribeca
Active
$2,000,000
Multi Family1357 Brooklyn Avenue
Farragut
Active
$2,000,000
Rental276 W 113TH Street #FAM
South Harlem
