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
$1,699,000
Condo112 W 56TH Street #32S
Midtown
Active
$1,699,000
Condo175 HURON Street #4
Greenpoint
Active
$1,699,000
Condo50 West Street #15-B
Financial District
Active
$1,699,000
Multi Family825 Kenmore Place
Ditmas Park
Active
$1,699,000
Co-op119 PROSPECT Park W #1
Park Slope
Active
$1,699,000
Co-op201 E 28th Street #16AB
Kips Bay
Active
$1,698,000
Condo301 W 53rd Street #13-A
Hell's Kitchen
Active
$1,695,000
Condo244 E 52ND Street #3C
Turtle Bay
Active
$1,695,000
Condo123 BAXTER Street #2A
Chinatown
Active
$1,695,000
Condo61 N HENRY Street #GARDEN1
Greenpoint
Active
$1,695,000
Condo289 SCHERMERHORN Street #5C
Downtown Brooklyn
Active
$1,695,000
Co-op60 Gramercy Park N #9K
Gramercy Park
Active
$1,695,000
Condo215 CALYER Street #3
Greenpoint
Active
$1,695,000
Co-op433 E 51ST Street #9DE
Beekman
Active
$1,695,000
Co-op650 PARK Avenue #2C
Lenox Hill
Active
$1,695,000
Co-op149 W 85th Street #7
Upper West Side
Active
$1,695,000
Condo15 William Street #22H
Financial District
Active
$1,695,000
Condo744 Park Place #3A
Crown Heights
Active
$1,695,000
Condo40 W 55TH Street #5A
Midtown
Active
$1,695,000
Condo247 DRIGGS Avenue #PHB
Greenpoint
Active
$1,695,000
Co-op174 E 74th Street #14C
Upper East Side
Active
$1,695,000
Condo300 E 23RD Street #8A
Gramercy Park
Active
$1,695,000
Co-op34 W 74TH Street #PHB
Upper West Side
Active
$1,695,000
Co-op45 TUDOR CITY Place #1604
Turtle Bay
