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
$1,750,000
Condo220 Riverside Boulevard #5-K
Lincoln Square
Active
$1,750,000
Condo460 E 79th Street #16A
Upper East Side
Active
$1,750,000
Condo101 Wall Street #15B
Financial District
Active
$1,750,000
Single Family Residence244 W 139TH Street
Central Harlem
Active
$1,750,000
Condo517 W 29TH Street #6H
Chelsea
Active
$1,750,000
Co-op829 PARK Avenue #1C
Lenox Hill
Active
$1,750,000
Co-op60 Gramercy Park N #8D
Gramercy Park
Active
$1,750,000
Co-op50 King Street #1B
Hudson Square
Active
$1,750,000
Co-op71 W 83rd Street #5F
Upper West Side
Active
$1,750,000
Condo111 Fulton Street #614
Financial District
Active
$1,750,000
Condo119 Fulton Street #8
Financial District
$1,750,000
Multi Family383 KOSCIUSZKO Street
Stuyvesant Heights
Active
$1,750,000
Co-op3 Sheridan Square #2FG
West Village
Active
$1,750,000
Condo58 W 58th Street #19A
Midtown
Active
$1,750,000
Condo170 E 77TH Street #8G
Lenox Hill
Active
$1,750,000
Condo75 Kenmare Street #3H
Nolita
Active
$1,750,000
Co-op348 W 36th Street #10
Hudson Yards
Active
$1,750,000
Condo60 Tiffany Place #3C
Columbia Street Waterfront
Active
$1,750,000
Condo150 W 26TH Street #903
Chelsea
Active
$1,750,000
Co-op451 W 22ND Street #DUPLEX
Chelsea
Active
$1,750,000
Condo165 W 91ST Street #9G
Upper West Side
Active
$1,750,000
Condo123 WASHINGTON Street #38GH
Financial District
Active
$1,750,000
Condo58 ST MARKS Place #301
Boerum Hill
Active
$1,750,000
Condo123 3RD Avenue #6A
East Village
