2,234 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
$1,895,000
Co-op447 E 57th Street #4W
Sutton Place
Active
$1,895,000
Single Family Residence144 11th Street
Gowanus
Active
$1,895,000
Co-op25 Sutton Place S #2N
Sutton Place
Active
$1,895,000
Condo247 W 46th Street #3205
Midtown
Active
$1,895,000
Condo50 United Nations Plaza #12C
Midtown East
Active
$1,895,000
Condo360 Furman Street #305
Brooklyn Heights
Active
$1,895,000
Condo26 W 9th Street #2-A
Greenwich Village
Active
$1,895,000
Co-op305 E 40TH Street #19F
Murray Hill
Active
$1,895,000
Condo900 PARK Avenue #14C
Upper East Side
Active
$1,895,000
Condo145 Conselyea Street #B
Williamsburg
Active
$1,895,000
Condo212 HURON Street #3
Greenpoint
Active
$1,895,000
Co-op500 Grand Street #A9B-9C
Lower East Side
Active
$1,895,000
Condo252 SOUTH Street #8L
Two Bridges
Active
$1,895,000
Condo181 E 90TH Street #3B
Carnegie Hill
Active
$1,895,000
Condo172 N 10th Street #2A
Williamsburg
Active
$1,895,000
Condo322 W 57th Street #43K
Midtown West
Active
$1,895,000
Condo520 W 45TH Street #APT4C
Hell's Kitchen
Active
$1,895,000
Condo1059 3rd Avenue #15C
Lenox Hill
Active
$1,895,000
Single Family Residence637 VANDERBILT Street
Windsor Terrace
Active
$1,895,000
Condo211 E 13th Street #PH1B
East Village
Active
$1,895,000
Condo322 W 57TH Street #38F
Hell's Kitchen
Active
$1,895,000
Condo15 E 30TH Street #19A
NoMad
Active
$1,895,000
Co-op3 HANOVER Square #22B
Financial District
Active
$1,895,000
Condo478 Central Park W #1-A
Upper West Side
