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
$1,750,000
Condo150 W 56TH Street #4003
Midtown
Active
$1,750,000
Condo302 E 96th Street #PH3S
Upper East Side
Active
$1,750,000
Co-op28 OLD FULTON Street #TWE
Brooklyn Heights
Active
$1,750,000
Co-op1349 LEXINGTON Avenue #1F
Carnegie Hill
Active
$1,750,000
Co-op161 E 90th Street #6C
Upper East Side
Active
$1,750,000
Condo543 W 122ND Street #8A
Morningside Heights
Active
$1,750,000
Co-op136 WAVERLY Place #15C
West Village
Active
$1,749,995
Condo100 Jay Street #21G
Fulton Ferry
Active
$1,749,000
Single Family Residence4 ANGELAS Place
Throgs Neck
Active
$1,749,000
Condo168 Plymouth Street #3D
Dumbo
Active
$1,749,000
Condo380 LENOX Avenue #8A
Central Harlem
Active
$1,749,000
Condo252 7TH Avenue #3/C
Chelsea
Active
$1,749,000
Condo70 WASHINGTON Street #12A
DUMBO
Active
$1,749,000
Condo1280 5TH Avenue #19C
East Harlem
Active
$1,745,000
Co-op2166 BROADWAY #12B
Upper West Side
Active
$1,740,000
Multi Family549 W 187th Street
Washington Heights
Active
$1,740,000
Condo145 Conselyea Street #A
Williamsburg
Active
$1,735,000
Condo11-50 45TH Road #PHH
Flushing
Active
$1,735,000
Condo30-55 Vernon Boulevard #3X
Long Island City
Active
$1,728,756
Condo135 E 47TH Street #23F
Turtle Bay
Active
$1,725,000
Multi Family140 WOODBINE Street
Bushwick
Active
$1,725,000
Condo380 LENOX Avenue #6G
Central Harlem
Active
$1,725,000
Condo1600 Broadway #21C
Midtown
Active
$1,725,000
Condo3 Court Square #4608
Long Island City
