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
$1,650,000
Multi Family1334 PACIFIC Street
Crown Heights
Active
$1,650,000
Co-op14 SUTTON Place S #14B
Sutton Place
Active
$1,650,000
Condo7 MT MORRIS Park W #7D
South Harlem
Active
$1,650,000
Co-op635 PARK Avenue #MAISONETTE
Lenox Hill
Active
$1,650,000
Condo24-01 Queens Plaza N #205
Long Island City
Active
$1,650,000
Duplex304 E 118th Street
East Harlem
Active
$1,650,000
Co-op210 E 73rd Street #4A
Lenox Hill
Active
$1,650,000
Condo252 7TH Avenue #7K
Chelsea
Active
$1,650,000
Condo50 W 30TH Street #3D
NoMad
Active
$1,650,000
Condo305 2nd Avenue #312
Gramercy Park
Active
$1,650,000
Condop315 FLATBUSH Avenue #2
Prospect Heights
Active
$1,650,000
Single Family Residence119 86th Street
Bay Ridge
Active
$1,650,000
Single Family Residence5646 Post Road
Riverdale
Active
$1,650,000
Condo301 W 57th Street #21-A
Hell's Kitchen
Active
$1,650,000
Condo473 Hicks Street #3
Cobble Hill
Active
$1,650,000
Condo160 W 66TH Street #37E
Lincoln Square
Active
$1,650,000
Condo845 UNITED NATIONS Plaza #23G
Turtle Bay
Active
$1,650,000
Co-op347 W 39th Street #6W
Hudson Yards
Active
$1,650,000
Co-op250 W 94th Street #2D
Upper West Side
Active
$1,650,000
Condo30 E 37th Street #M1/2H
Murray Hill
Active
$1,650,000
Condo40 E 61ST Street #8A
Lenox Hill
Active
$1,650,000
Condo211 E 13th Street #4F
East Village
Active
$1,650,000
Co-op16 SUTTON Place #1A/1B
Sutton Place
Active
$1,650,000
Condo250 E 53rd Street #2903
Turtle Bay
