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
Condo250 E 53rd Street #2903
Turtle Bay
Active
$1,650,000
Condo140 W 57TH Street #5C
Midtown
Active
$1,650,000
Condo517 W 29TH Street #8E
Chelsea
Active
$1,650,000
Co-op200 W 86TH Street #17H
Upper West Side
Active
$1,650,000
Condo330 E 57th Street #12
Sutton Place
Active
$1,650,000
Condo200 E 32ND Street #12D
Kips Bay
Active
$1,650,000
Co-op225 E 79th Street #15DE
Upper East Side
Active
$1,650,000
Condo170 E 77th Street #7-C
Upper East Side
Active
$1,650,000
Co-op895 W END Avenue #10C
Upper West Side
Active
$1,650,000
Co-op45 SUTTON Place S #5I
Sutton Place
Active
$1,649,000
Condo505 COURT Street #5H
Carroll Gardens
Active
$1,649,000
Condo480 CENTRAL Park W #1C
Manhattan Valley
Active
$1,649,000
Condo330 E 38TH Street #8E
Murray Hill
Active
$1,648,500
Condo11-37 44TH Drive #504
Long Island City
Active
$1,648,500
Condo11-37 44TH Drive #416
Long Island City
Active
$1,645,000
Condo30 Front Street #15E
Dumbo
Active
$1,645,000
Condo30 FRONT Street #15E
DUMBO
Active
$1,645,000
Condo222 16TH Street #4G
Park Slope
Active
$1,645,000
Condo52 Convent Avenue #PH
Manhattanville
Active
$1,645,000
Condo21-11 31st Street #PH-2D
Ditmars Steinway
Active
$1,641,000
Condo11-50 45TH Road #2A
Flushing
Active
$1,640,000
Condo268 WYTHE Avenue #2B
Williamsburg
Active
$1,635,000
Condo509 Pacific Street #3J
Boerum Hill
Active
$1,625,000
Co-op400 E 85TH Street #PHA
Yorkville
