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
$1,725,000
Co-op121 W 17TH Street #2D
Chelsea
Active
$1,715,000
Condo303 PARK Avenue #2225
Midtown East
Active
$1,710,000
Condo1 Wall Street #721
Financial District
Active
$1,700,000
Condo388 BRIDGE Street #43H
Downtown Brooklyn
Active
$1,700,000
Condop215-217 E 96th Street #PH-H
East Harlem
Active
$1,700,000
Multi Family475 E 115TH Street
East Harlem
Active
$1,700,000
Condo120 E 90th Street #9E
Upper East Side
Active
$1,700,000
Co-op180 CABRINI Boulevard #118
Hudson Heights
Active
$1,700,000
Co-op750 PARK Avenue #4B
Lenox Hill
Active
$1,700,000
Condo333 RECTOR Place #1009
Battery Park City
Active
$1,700,000
Co-op16 Wyckoff Street #4
Cobble Hill
Active
$1,700,000
Condo184 KENT Avenue #A602
Williamsburg
Active
$1,700,000
Single Family Residence2724 Clarendon Road #1
Ditmas Park
Active
$1,700,000
Condo611 W 56th Street #5-E
Hell's Kitchen
Active
$1,700,000
Condo27-28 THOMSON Avenue #316
Long Island City
Active
$1,700,000
Condo721 5th Avenue #30-H
Midtown East
Active
$1,700,000
Condo101 N 5th Street #2-D
Williamsburg
Active
$1,700,000
Mixed Use2809 Church Avenue
Flatbush
Active
$1,700,000
Rental782 LINCOLN Place #BUILDING
Crown Heights
Active
$1,700,000
Condo313 W 22nd Street #2A
Chelsea
Active
$1,700,000
Condo272 Water Street #5R/6R
Financial District
Active
$1,699,900
Multi Family14 BRIGHTON Court
Gravesend
Active
$1,699,900
Rental62 15TH Street #62
Gowanus
Active
$1,699,000
Multi Family466 E 28TH Street
Flatbush
