2,231 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
$1,795,000
Single Family Residence217 OVINGTON Avenue
Bay Ridge
Active
$1,795,000
Condo241 W 97TH Street #2K
Upper West Side
Active
$1,795,000
Condo250 E 54TH Street #21A
Sutton Place
Active
$1,795,000
Single Family Residence297 Bainbridge Street
Bedford-Stuyvesant
Active
$1,795,000
Condo50 Greenpoint Avenue #PHB
Greenpoint
Active
$1,795,000
Condo149 PROSPECT Place #PHSE
Prospect Heights
Active
$1,795,000
Condop1175 YORK Avenue #16J
Lenox Hill
Active
$1,795,000
Co-op520 E 90TH Street #4KJ
Yorkville
Active
$1,795,000
Condo150 W 56TH Street #6003
Midtown
Active
$1,795,000
Single Family Residence437 Lewis Avenue
Stuyvesant Heights
Active
$1,795,000
Condo72 Quincy Street #1
Bedford-Stuyvesant
Active
$1,795,000
Co-op45 SUTTON Place S #10H
Sutton Place
Active
$1,795,000
Condo814 5TH Avenue #PH4A
Greenwood Heights
Active
$1,795,000
Condo33 W 56TH Street #6C
Midtown
Active
$1,795,000
Condo100 BARCLAY Street #17J
Tribeca
Active
$1,795,000
Condo415 E 37th Street #41-G
Murray Hill
Active
$1,795,000
Condo721 Fifth Avenue #32H
Midtown
Active
$1,795,000
Multi Family5822 12TH Avenue
Borough Park
Active
$1,790,000
Co-op180 W 58TH Street #5A
Central Park South
Active
$1,790,000
Co-op128 W 70th Street #10
Upper West Side
Active
$1,790,000
Condo150 W 56TH Street #5506
Midtown
Active
$1,790,000
Co-op2 5TH Avenue #PHL
Greenwich Village
Active
$1,790,000
Condo15 WILLIAM Street #A30
Financial District
Active
$1,790,000
Condo300 E 55th Street #4D
Sutton Place
