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
$1,850,000
Condo540 W 28th Street #2B
Chelsea
Active
$1,850,000
Multi Family235 79th Street
Bay Ridge
Active
$1,850,000
Condo17 Orchard Street #6
Chinatown
Active
$1,850,000
Condo660 LEXINGTON Avenue #7C
Midtown East
Active
$1,850,000
Condo406 W 45TH Street #PHA
Hell's Kitchen
Active
$1,850,000
Rental83-13 BROADWAY #BLDG
Elmhurst
Active
$1,850,000
Co-op100 Bank Street #6H
West Village
Active
$1,850,000
Condo44 Cheever Place #402
Cobble Hill
Active
$1,850,000
Condo430 E 58TH Street #22B
Sutton Place
Active
$1,850,000
Condo667 Degraw Street #2
Park Slope
Active
$1,850,000
Multi Family15 BLEECKER Street
Bushwick
Active
$1,850,000
Condo250 E 49TH Street #22BA
Turtle Bay
Active
$1,850,000
Condo20 W 64TH Street #42L
Lincoln Square
Active
$1,850,000
Condop1175 YORK Avenue #15LM
Lenox Hill
Active
$1,850,000
Condo200 E 62nd Street #10C
Lenox Hill
Active
$1,850,000
Co-op500 E 83rd Street #11B
Upper East Side
Active
$1,850,000
Multi Family34-09 37th Avenue
Long Island City
Active
$1,850,000
Condo543 W 122ND Street #9A
Morningside Heights
Active
$1,850,000
Co-op49 E 63rd Street #DUPLEX
Lenox Hill
Active
$1,850,000
Condo350 W 50th Street #PH3C
Hell's Kitchen
Active
$1,850,000
Condo75 WALL Street #38O
Financial District
Active
$1,850,000
Multi Family768 Linden Boulevard
East Flatbush
Active
$1,850,000
Condo439 W 36TH Street #4B
Hudson Yards
Active
$1,850,000
Condo21 INDIA Street #36D
Greenpoint
