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
Multi Family1039 FULTON Street
Clinton Hill
Active
$1,850,000
Condo245 E 93RD Street #19H
Yorkville
Active
$1,850,000
Condo209 E 2ND Street #6
East Village
Active
$1,850,000
Co-op11 W 81ST Street #6A
Upper West Side
Active
$1,849,999
Multi Family281 23RD Street
Greenwood Heights
Active
$1,849,995
Co-op440 E 62nd Street #17BC
Lenox Hill
Active
$1,849,000
Condo16 RIDGEWOOD Place #2
Bushwick
Active
$1,849,000
Condo254 PARK Avenue S #2PR
Flatiron
Active
$1,849,000
Condo259 22ND Street #2E
Greenwood Heights
Active
$1,849,000
Multi Family11-46 Welling Court
Astoria
Active
$1,849,000
Condo174 EAGLE Street #2
Greenpoint
Active
$1,849,000
Co-op70 E 10TH Street #15V
Greenwich Village
Active
$1,848,000
Multi Family1829 W 10TH Street
Gravesend
Active
$1,845,000
Condo1399 PARK Avenue #18B
East Harlem
Active
$1,845,000
Condo244 E 52ND Street #4C
Turtle Bay
Active
$1,835,000
Condo200 E 66TH Street #B1701
Lenox Hill
Active
$1,835,000
Condo2 River Terrace #17-F
Battery Park City
Active
$1,830,000
Condo207 E 57TH Street #5C
Sutton Place
Active
$1,830,000
Condo322 W 57th Street #50H
Hell's Kitchen
Active
$1,825,000
Co-op334 W 19TH Street #PARLORB
Chelsea
Active
$1,825,000
Condo62 Washington Avenue #2
Clinton Hill
Active
$1,825,000
Co-op399 E 72nd Street #12AB
Lenox Hill
Active
$1,825,000
Condo222 E BROADWAY #14A
Lower East Side
Active
$1,825,000
Condo222 16TH Street #5D
Park Slope
