2,233 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
$1,599,000
Condo258 ST NICHOLAS Avenue #4B
South Harlem
Active
$1,598,000
Condo540 6th Avenue #6F
Flatiron
Active
$1,595,000
Condo11 W 126TH Street #GARDEN
Central Harlem
Active
$1,595,000
Condo609 2ND Avenue #1001
Kips Bay
Active
$1,595,000
Co-op433 E 51ST Street #11/12G
Beekman
Active
$1,595,000
Multi Family71-01 Cooper Avenue #3FAM
Glendale
Active
$1,595,000
Co-op470 Park Avenue #6A
Midtown East
Active
$1,595,000
Co-op70 E 10th Street #5C
Greenwich Village
Active
$1,595,000
Condo505 W 43RD Street #1C
Hell's Kitchen
Active
$1,595,000
Co-op125 E 63RD Street #8B
Lenox Hill
Active
$1,595,000
Condo501 3RD Avenue #31B
Kips Bay
Active
$1,595,000
Single Family Residence1693 Dean Street
Weeksville
Active
$1,595,000
Condo751 DEAN Street #1
Prospect Heights
Active
$1,595,000
Condo30 Front Street #18D
Dumbo
Active
$1,595,000
Condo59 John Street #3F
Financial District
Active
$1,595,000
Condop70 CHARLTON Street #3G
Hudson Square
Active
$1,595,000
Co-op167 E 61ST Street #26B
Lenox Hill
Active
$1,595,000
Condo198 ROEBLING Street #3A
Williamsburg
Active
$1,595,000
Condo115 4TH Avenue #6B
East Village
Active
$1,595,000
Condo460 W 42ND Street #53G
Hell's Kitchen
Active
$1,595,000
Condo300 E 79TH Street #10C
Lenox Hill
Active
$1,595,000
Co-op301 E 64TH Street #15B
Lenox Hill
Active
$1,595,000
Condo24 W 30TH Street #5S
NoMad
Active
$1,595,000
Condo250 E 49TH Street #5E
Turtle Bay
