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-op450 W 23RD Street #E
Chelsea
Active
$1,895,000
Condo303 PARK Avenue #2202
Midtown East
Active
$1,895,000
Condo200 E 62nd Street #6E
Upper East Side
Active
$1,895,000
Co-op242 Lafayette Street #3N
SoHo
Active
$1,895,000
Condo51 JAY Street #1A
DUMBO
Active
$1,895,000
Condo540 6th Avenue #7-A
Flatiron
Active
$1,895,000
Co-op333 E 69th Street #12E
Lenox Hill
Active
$1,895,000
Condo225 W 83rd Street #4M
Upper West Side
Active
$1,895,000
Condo14 Prince Street #1C
Nolita
Active
$1,895,000
Co-op114 E 90th Street #8A
Upper East Side
Active
$1,895,000
Condo124 Washington Avenue #1B
Clinton Hill
Active
$1,895,000
Condop20 E 68TH Street #10F
Lenox Hill
Active
$1,895,000
Co-op1025 5TH Avenue #5CN
Upper East Side
Active
$1,895,000
Single Family Residence551 LEXINGTON Avenue
Stuyvesant Heights
Active
$1,890,000
Condo11-37 44TH Drive #307
Long Island City
Active
$1,890,000
Condo480 KENT Avenue #15A
Williamsburg
Active
$1,890,000
Condo1212 5TH Avenue #5D
East Harlem
Active
$1,890,000
Condo30 West Street #31-G
Battery Park City
Active
$1,890,000
Condo525 6th Avenue #5C
Greenwich Village
Active
$1,890,000
Condo425 E 13th Street #4A
East Village
Active
$1,890,000
Condo350 E 82nd Street #7X
Upper East Side
Active
$1,888,000
Condo547 W 47TH Street #1114
Hell's Kitchen
Active
$1,888,000
Multi Family77 Park Terrace W
Inwood
Active
$1,888,000
Condo570 Broome Street #10A
Hudson Square
