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
$1,625,000
Condo93 Worth Street #1205
Tribeca
Active
$1,625,000
Multi Family479 Bainbridge Street #Two Family Townhouse
Stuyvesant Heights
Active
$1,625,000
Condo200 E 89TH Street #38A
Yorkville
Active
$1,625,000
Condo39 E 29TH Street #25B
NoMad
Active
$1,625,000
Condo98 Clifton Place #3A
Clinton Hill
Active
$1,625,000
Duplex142 W 9th Street #2
Carroll Gardens
Active
$1,625,000
Condo220 E 65TH Street #9M
Lenox Hill
Active
$1,620,000
Condop1175 YORK Avenue #3DE
Lenox Hill
Active
$1,615,000
Co-op11 W 69TH Street #2B
Lincoln Square
Active
$1,615,000
Co-op434 E 52ND Street #8G
Beekman
Active
$1,615,000
Condo155 Hope Street #4-B
Williamsburg
Active
$1,605,000
Condo125 GREENWICH Street #34A
Financial District
Active
$1,605,000
Condo25 Broad Street #PH-J
Financial District
Active
$1,600,000
Condo101 W 79TH Street #8C
Upper West Side
Active
$1,600,000
Condo525 E 80th Street #7-D
Upper East Side
Active
$1,600,000
Co-op228 W 21st Street #2
Chelsea
Active
$1,600,000
Co-op3 E 77th Street #11A
Upper East Side
Active
$1,600,000
Condo11-35 45th Avenue #3C
Long Island City
Active
$1,600,000
Co-op33 5th Avenue #11D
Greenwich Village
Active
$1,600,000
Co-op2501 Palisade Avenue #C-1
Spuyten Duyvil
Active
$1,600,000
Multi Family36-12 169th Street
Flushing
Active
$1,600,000
Single Family Residence67-32 SELFRIDGE Street
Forest Hills
Active
$1,600,000
Condo167 E 82ND Street #PHC
Upper East Side
Active
$1,600,000
Condo422 W 20th Street #2B
Chelsea
