2,237 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
Condo25 Broad Street #21-E
Financial District
Active
$1,595,000
Condo500 W 45th Street #610
Hell's Kitchen
Active
$1,595,000
Multi Family513 1/2 E 118th Street
East Harlem
Active
$1,595,000
Condo225 E 19TH Street #402
Gramercy Park
Active
$1,595,000
Condop333 E 91st Street #25A
Upper East Side
Active
$1,595,000
Condo744 Park Place #3B
Crown Heights
Active
$1,595,000
Condo219 W 81ST Street #2F
Upper West Side
Active
$1,595,000
Condo415 E 54th Street #5F
Sutton Place
Active
$1,595,000
Single Family Residence219 26th Street
Greenwood Heights
Active
$1,595,000
Co-op310 W END Avenue #2C
Upper West Side
Active
$1,590,000
Condo250 E 49TH Street #9C
Turtle Bay
Active
$1,590,000
Condo234 E 46TH Street #PH2102
Turtle Bay
Active
$1,590,000
Condo50 United Nations Plaza #7-D
Turtle Bay
Active
$1,588,000
Condo695 1ST Avenue #35J
Murray Hill
Active
$1,585,000
Condo172 MADISON Avenue #17C
Midtown
Active
$1,580,000
Condo126 E 57th Street #1008
Midtown East
Active
$1,580,000
Condo60 W 20TH Street #3L
Flatiron
Active
$1,575,000
Condo39 E 29TH Street #12B
NoMad
Active
$1,575,000
Co-op50 RIVERSIDE Drive #12E
Upper West Side
Active
$1,575,000
Co-op860 United Nations Plaza #13A
Midtown East
Active
$1,575,000
Single Family Residence476 Chauncey Street
Bedford-Stuyvesant
Active
$1,575,000
Condo350 W 57TH Street #10D
Hell's Kitchen
Active
$1,575,000
Co-op100 W 15TH Street #1A
Chelsea
Active
$1,575,000
Multi Family2611 AVE J
Midwood
