2,285 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
$2,000,000
Condo515 E 72ND Street #17F
Lenox Hill
Active
$2,000,000
Condo385 1st Avenue #15F
Gramercy Park
Active
$2,000,000
Multi Family10 E 129th Street #TH
East Harlem
Active
$2,000,000
Condo445 W 54TH Street #1E
Hell's Kitchen
Active
$1,999,999
Condo463 W 142ND Street #2B
Hamilton Heights
Active
$1,999,999
Condo300 E 55th Street #7C
Sutton Place
Active
$1,999,999
Condo1385 DEKALB Avenue #PHA
Bushwick
Active
$1,999,999
Condo27-28 Thomson Avenue #608
Long Island City
Active
$1,999,900
Condo243 W 60th Street #4B
Lincoln Square
Active
$1,999,500
Multi Family342 WESTMINSTER Road
Ditmas Park
Active
$1,999,000
Co-op370 E 76TH Street #A1808
Lenox Hill
Active
$1,999,000
Condo224 E 14TH Street #1
East Village
Active
$1,999,000
Condo530 PARK Avenue #14H
Lenox Hill
Active
$1,999,000
Single Family Residence511 ARGYLE Road
Ditmas Park
Active
$1,999,000
Multi Family1536 Union Street
Crown Heights
Active
$1,999,000
Condo408 E 79th Street #3A
Upper East Side
Active
$1,999,000
Co-op800 W END Avenue #5D
Upper West Side
Active
$1,999,000
Multi Family318 E 120TH Street
East Harlem
Active
$1,999,000
Condo160 Central Park S #407
Midtown West
Active
$1,999,000
Condo131 W 11th Street ##2
Greenwich Village
Active
$1,999,000
Condo138 E 50TH Street #26A
Turtle Bay
Active
$1,999,000
Condo15 Broad Street #3100
Financial District
Active
$1,999,000
Single Family Residence190 BEACH 137TH Street
Belle Harbor
Active
$1,999,000
Co-op435 E 57th Street #1CD
Sutton Place
