2,232 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
$1,695,000
Condo505 W 43RD Street #9C
Hell's Kitchen
Active
$1,695,000
Condo135 E 47TH Street #21D
Turtle Bay
Active
$1,695,000
Co-op101 W 12th Street #2N
West Village
Active
$1,695,000
Condo11 W 126TH Street #PENTHOUSE
Central Harlem
Active
$1,695,000
Co-op121 W 17TH Street #3B
Chelsea
Active
$1,690,000
Co-op514 W END Avenue #11C
Upper West Side
Active
$1,690,000
Condo45-40 VERNON Boulevard #17B
Hunters Point
Active
$1,690,000
Condop333 E 91ST Street #19C
Yorkville
Active
$1,690,000
Condop333 E 91ST Street #19D
Yorkville
Active
$1,689,999
Co-op9 PROSPECT Park W #1A
Park Slope
Active
$1,685,000
Condo303 PARK Avenue #2224
Midtown East
Active
$1,685,000
Condo500 W 45th Street #211
Hell's Kitchen
Active
$1,685,000
Condo530 PARK Avenue #7H
Lenox Hill
Active
$1,680,000
Condo11-37 44TH Drive #PH4
Long Island City
Active
$1,680,000
Rental18-24 COLLEGE POINT Boulevard #1
College Point
Active
$1,680,000
Condo99-31 66th Avenue #PH-A
Forest Hills
Active
$1,680,000
Condo11-37 44TH Drive #PH3
Long Island City
Active
$1,675,000
Co-op370 E 76th Street #C1002
Lenox Hill
Active
$1,675,000
Condo23 OCEAN Parkway #3N
Windsor Terrace
Active
$1,675,000
Condo23 W 116TH Street #11A
South Harlem
Active
$1,675,000
Condo425 W 53RD Street #205
Hell's Kitchen
Active
$1,675,000
Triplex100 Pilling Street
Bushwick
Active
$1,675,000
Multi Family2245 64th Street
Mapleton
Active
$1,675,000
Apartment82 STERLING Place #4
Park Slope
