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
$1,880,000
Single Family Residence946 St Nicholas Avenue
Washington Heights
Active
$1,880,000
Condo38 E 35TH Street #4C
Murray Hill
Active
$1,879,000
Condo51 JAY Street #3M
DUMBO
Active
$1,875,000
Co-op100 BANK Street #4B
West Village
Active
$1,875,000
Condo35 W 15th Street #11E
Flatiron
Active
$1,875,000
Co-op311 W 97th Street #1W
Upper West Side
Active
$1,875,000
Co-op230 E 73RD Street #1CDE
Lenox Hill
Active
$1,875,000
Condo150 W 56TH Street #4508
Midtown
Active
$1,875,000
Condo300 E 55TH Street #17C
Sutton Place
Active
$1,875,000
Multi Family554 LEXINGTON Avenue
Stuyvesant Heights
Active
$1,875,000
Co-op411 W END Avenue #12C
Upper West Side
Active
$1,875,000
Condo40 Stuyvesant Street #2
East Village
Active
$1,875,000
Condo685 5TH Avenue #8E
Midtown East
Active
$1,875,000
Condo24-01 Queens Plaza N #1005
Long Island City
Active
$1,875,000
Co-op77 Bleecker Street #121
Greenwich Village
Active
$1,875,000
Co-op333 E 55TH Street #12DE
Sutton Place
Active
$1,870,000
Multi Family464 Quincy Street
Bedford-Stuyvesant
Active
$1,870,000
Condo125 GREENWICH Street #54B
Financial District
Active
$1,869,000
Condo78-29 AUSTIN Street #PH2G
Forest Hills
Active
$1,865,000
Co-op2 HORATIO Street #2S
West Village
Active
$1,860,000
Condo125 GREENWICH Street #53B
Financial District
Active
$1,858,000
Condo46-30 CENTER Boulevard #602
Hunters Point
Active
$1,855,000
Condo1 Wall Street #1013
Financial District
Active
$1,850,000
Condo540 W 28th Street #2B
Chelsea
