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
$1,675,000
Multi Family18-44 21st Drive #1F
Ditmars Steinway
Active
$1,675,000
Condo350 W 42nd Street #36B
Hell's Kitchen
Active
$1,675,000
Condo500 W 45th Street #530
Hell's Kitchen
Active
$1,675,000
Condo300 E 55TH Street #2F
Sutton Place
Active
$1,670,250
Co-op20 RIVER Terrace #27E
Battery Park City
Active
$1,670,000
Condo448 W 37th Street #PHC
Hudson Yards
Active
$1,670,000
Condo75 WALL Street #20F
Financial District
Active
$1,659,000
Condo11-37 44TH Drive #516
Long Island City
Active
$1,658,000
Condo10-39 49th Avenue #5-A
Long Island City
Active
$1,655,000
Condo38 E 35TH Street #10G
Murray Hill
Active
$1,650,000
Co-op870 UNITED NATIONS Plaza #20B
Beekman
Active
$1,650,000
Condo159 W 53RD Street #32E
Midtown
Active
$1,650,000
Condo135 W 52nd Street #9C
Midtown
Active
$1,650,000
Co-op161 E 90TH Street #5C
Carnegie Hill
Active
$1,650,000
Co-op167 E 61ST Street #27D
Lenox Hill
Active
$1,650,000
Co-op885 W End Avenue #GC
Upper West Side
Active
$1,650,000
Condo368 3rd Avenue #4C
Kips Bay
Active
$1,650,000
Condo184 Kent Avenue #D319
Williamsburg
Active
$1,650,000
Condo110 Coffey Street #2B
Red Hook
Active
$1,650,000
Mixed Use350 Malcolm X Boulevard
Bedford-Stuyvesant
Active
$1,650,000
Condo160 Central Park S #2307
Central Park South
Active
$1,650,000
Co-op330 3RD Avenue #3BC
Kips Bay
Active
$1,650,000
Co-op255 W 23RD Street #6CW
Chelsea
Active
$1,650,000
Condop215 E 96TH Street #41H
Yorkville
