2,236 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
$1,575,000
Multi Family935 E 31st Street
Midwood
Active
$1,575,000
Condo330 E 75th Street #14E
Lenox Hill
Active
$1,575,000
Co-op10 Willow Place #2
Brooklyn Heights
Active
$1,575,000
Condo321 W 110TH Street #12C
South Harlem
Active
$1,575,000
Condo14 PRINCE Street #4C
Nolita
Active
$1,575,000
Condo501 3RD Avenue #27E
Kips Bay
Active
$1,575,000
Multi Family1545 Pacific Street
Crown Heights
Active
$1,575,000
Condo214 N 11th Street #1F
Williamsburg
Active
$1,575,000
Co-op425 E 58TH Street #34G
Sutton Place
Active
$1,575,000
Condo401 E 60TH Street #11B
Lenox Hill
Active
$1,575,000
Condop333 E 91ST Street #26A
Yorkville
Active
$1,575,000
Condo100 Gold Street #PHA
Dumbo
Active
$1,575,000
Multi Family130-35 126th Street
South Ozone Park
Active
$1,570,000
Condo350 E 72ND Street #4A
Lenox Hill
Active
$1,565,000
Condo211 SCHERMERHORN Street #5B
Downtown Brooklyn
Active
$1,560,000
Condop1 CITY Point #59G
Downtown Brooklyn
Active
$1,560,000
Co-op305 E 24th Street #18C
Kips Bay
Active
$1,558,000
Condo380 RECTOR Place #23G
Battery Park City
Active
$1,550,000
Condo350 W 42ND Street #48C
Hell's Kitchen
Active
$1,550,000
Duplex139 22nd Street
Greenwood Heights
Active
$1,550,000
Single Family Residence35-32 88TH Street
Jackson Heights
Active
$1,550,000
Condo150 Nassau Street #17D
Financial District
Active
$1,550,000
Condo123 WASHINGTON Street #PH54F
Financial District
Active
$1,550,000
Condo215 CALYER Street #1
Greenpoint
