2,230 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
$1,755,000
Condo1 Wall Street #2608
Financial District
Active
$1,750,000
Condo115 4th Avenue #4E
Greenwich Village
Active
$1,750,000
Co-op27 E 65th Street #10BC
Lenox Hill
Active
$1,750,000
Co-op360 E 72nd Street #C3200
Lenox Hill
Active
$1,750,000
Co-op33 W 67th Street #FE
Upper West Side
Active
$1,750,000
Condo122 West Street #5S
Greenpoint
Active
$1,750,000
Co-op100 Bank Street #1H
West Village
Active
$1,750,000
Condop269 W 87TH Street #10A
Upper West Side
Active
$1,750,000
Condo128 Summit Street #3
Carroll Gardens
Active
$1,750,000
Multi Family962 Gates Avenue
Bedford-Stuyvesant
Active
$1,750,000
Condo289 SCHERMERHORN Street #9B
Downtown Brooklyn
Active
$1,750,000
Condo21-30 44th Drive #7F
Hunters Point
Active
$1,750,000
Condo560 Carroll Street #1D
Park Slope
Active
$1,750,000
Condo72 E 3RD Street #1A
East Village
Active
$1,750,000
Multi Family138 Grove Street
Bushwick
Active
$1,750,000
Co-op142 E 71ST Street #4A
Lenox Hill
Active
$1,750,000
Condo264 WATER Street #5B
South Street Seaport
Active
$1,750,000
Condo310 W 52ND Street #36J
Hell's Kitchen
Active
$1,750,000
Condo1623 3rd Avenue #4A
Upper East Side
Active
$1,750,000
Co-op101 W 12th Street #3G
West Village
Active
$1,750,000
Co-op370 E 76TH Street #A1501
Lenox Hill
Active
$1,750,000
Co-op200 CENTRAL Park S #4M
Central Park South
Active
$1,750,000
Condo45-30 Pearson Street #17C
Long Island City
Active
$1,750,000
Mixed Use408 Rogers Avenue
Prospect Lefferts Gardens
