2,235 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
$1,595,000
Condo250 E 49TH Street #5E
Turtle Bay
Active
$1,595,000
Condo100 E 53RD Street #14B
Midtown East
Active
$1,595,000
Condo1 TIFFANY Place #4H
Carroll Gardens
Active
$1,595,000
Co-op874 Broadway #407
Flatiron
Active
$1,595,000
Multi Family71-03 Cooper Avenue #3FAM
Glendale
Active
$1,595,000
Condo340 E 64th Street #17-M
Upper East Side
Active
$1,595,000
Condo30 FRONT Street #18D
DUMBO
Active
$1,595,000
Condo88 GREENWICH Street #2101
Financial District
Active
$1,595,000
Condo98 FRONT Street #4J
DUMBO
Active
$1,595,000
Condop425 E 63RD Street #PHBC
Lenox Hill
Active
$1,595,000
Condo70 Washington Street #2B
Dumbo
Active
$1,595,000
Co-op860 5th Avenue #4M
Lenox Hill
Active
$1,595,000
Condo111 Fulton Street #601
Financial District
Active
$1,595,000
Co-op2 5th Avenue #4O
Greenwich Village
Active
$1,595,000
Condo30 E 29th Street #26D
NoMad
Active
$1,595,000
Co-op45 Sutton Place S #12L
Sutton Place
Active
$1,595,000
Condo94 Wyckoff Street #1R
Boerum Hill
Active
$1,595,000
Co-op860 UNITED NATIONS Plaza #20C
Beekman
Active
$1,595,000
Co-op55 E END Avenue #8A
Yorkville
Active
$1,595,000
Condo21 India Street #30D
Greenpoint
Active
$1,595,000
Multi Family106-14 Otis Avenue
Corona
Active
$1,595,000
Condo250 E 49th Street #3E
Turtle Bay
Active
$1,595,000
Condo25 Broad Street #21-E
Financial District
Active
$1,595,000
Multi Family269 MARLBOROUGH Road
Ditmas Park
