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
$1,600,000
Condo422 W 20th Street #2B
Chelsea
Active
$1,600,000
Co-op36 W 84th Street #6C
Upper West Side
Active
$1,600,000
Condop70 CHARLTON Street #2G
Hudson Square
Active
$1,600,000
Single Family Residence665 RUTLAND Road
Wingate
Active
$1,600,000
Condo188 E 64TH Street #1702
Lenox Hill
Active
$1,600,000
Multi Family587A LEXINGTON Avenue
Stuyvesant Heights
Active
$1,600,000
Condo1 Central Park W #308
Upper West Side
Active
$1,600,000
Condop300 E 40TH Street #27B
Murray Hill
Active
$1,600,000
Condo1 Central Park S #1441
Central Park South
Active
$1,600,000
Condo15 WILLIAM Street #20A
Financial District
Active
$1,599,995
Co-op32 Gramercy Park S #2A
Gramercy Park
Active
$1,599,995
Single Family Residence874 BUSHWICK Avenue
Bushwick
Active
$1,599,500
Condo335 Warren Street #102
Boerum Hill
Active
$1,599,000
Multi Family38-22 56th Street
Woodside
Active
$1,599,000
Condo141 E 88TH Street #2E
Carnegie Hill
Active
$1,599,000
Single Family Residence1702 E 28TH Street
Madison
Active
$1,599,000
Condo217 E 7th Street #5CD
East Village
Active
$1,599,000
Condo301 W 53RD Street #15K
Hell's Kitchen
Active
$1,599,000
Single Family Residence58-19 264th Street
Little Neck
Active
$1,599,000
Condo1280 5th Avenue #12C
Upper East Side
Active
$1,599,000
Condo455 Main Street #4GH
Roosevelt Island
Active
$1,599,000
Condo2505 Broadway #11B
Upper West Side
Active
$1,599,000
Condo388 Bridge Street #39G
Downtown Brooklyn
Active
$1,599,000
Condo320 Humboldt Street #2
Williamsburg
