2,236 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
$1,925,000
Condo160 W 66TH Street #24J
Lincoln Square
Active
$1,925,000
Condo111 W 56th Street #38K
Midtown
Active
$1,925,000
Condo85 FLEET Street #70G
Downtown Brooklyn
Active
$1,925,000
Condo179 N 10th Street #5B
Williamsburg
Active
$1,920,000
Single Family Residence214 Eagle Street
Greenpoint
Active
$1,920,000
Multi Family25-40 14th Place
Astoria
Active
$1,918,000
Condo425 5th Avenue #61-A
Murray Hill
Active
$1,915,000
Co-op150 E 61st Street #15-B
Upper East Side
Active
$1,915,000
Condo10 MADISON Square W #6H
Flatiron
Active
$1,915,000
Condop210 WARREN Street #4N
Battery Park City
Active
$1,905,000
Condo303 PARK Avenue #2407
Midtown East
Active
$1,900,000
Condo50 Riverside Boulevard #5K
Upper West Side
Active
$1,900,000
Condo959 1ST Avenue #17B
Turtle Bay
Active
$1,900,000
Triplex1271 Bushwick Avenue
Bushwick
Active
$1,900,000
Multi Family381 SUMPTER Street
Ocean Hill
Active
$1,900,000
Co-op465 W END Avenue #10D
Upper West Side
Active
$1,900,000
Single Family Residence28-09 23rd Avenue
Astoria
Active
$1,900,000
Condo24-01 Queens Plaza N #1402
Long Island City
Active
$1,900,000
Condo330 E 38TH Street #43D
Murray Hill
Active
$1,900,000
Co-op75 HENRY Street #1K
Brooklyn Heights
Active
$1,900,000
Condo22 Renwick Street #5B
SOHO
Active
$1,900,000
Condo30 FRONT Street #19D
DUMBO
Active
$1,900,000
Condo16 W 40th Street #22B
Midtown
Active
$1,900,000
Condo425 W 50TH Street #16E
Hell's Kitchen
