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
$1,550,000
Condo5 FRANKLIN Place #11B
Tribeca
Active
$1,550,000
Co-op74 READE Street #2ER
Tribeca
Active
$1,550,000
Condo252 SOUTH Street #66H
Two Bridges
Active
$1,550,000
Condo250 W 96TH Street #7B
Upper West Side
Active
$1,550,000
Condo222 E BROADWAY #9B
Lower East Side
Active
$1,550,000
Co-op67 MORTON Street #6E
West Village
Active
$1,550,000
Multi Family223 22nd Street
Greenwood Heights
Active
$1,550,000
Condo252 7TH Avenue #8S
Chelsea
Active
$1,550,000
Condo124 Washington Avenue #3C
Clinton Hill
Active
$1,550,000
Multi Family638 Halsey Street
Bedford-Stuyvesant
Active
$1,550,000
Condo144 W 27TH Street #10F
Chelsea
Active
$1,550,000
Condo101 W 24th Street #27H
Chelsea
Active
$1,550,000
Condo62 BOX Street #2
Greenpoint
Active
$1,550,000
Co-op300 E 59th Street #704/705
Sutton Place
Active
$1,550,000
Single Family Residence5395 NETHERLAND Avenue
Estate Area
Active
$1,550,000
Apartment82 STERLING Place #2
Park Slope
Active
$1,549,000
Condo155 Hope Street #4-A
Williamsburg
Active
$1,549,000
Condo80 Riverside Boulevard #7-A
Lincoln Square
Active
$1,548,000
Multi Family1891 E 29TH Street
Madison
Active
$1,545,000
Co-op575 Main Street #1109
Roosevelt Island
Active
$1,545,000
Single Family Residence111 W 132nd Street
Harlem
Active
$1,545,000
Condo720 W END Avenue #9D
Upper West Side
Active
$1,540,000
Single Family Residence8 Sylvan Terrace
Washington Heights
Active
$1,538,500
Condo355 W 39TH Street #8A
Hudson Yards
