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
$1,535,000
Condo135 E 47TH Street #26E
Turtle Bay
Active
$1,535,000
Condo22-18 JACKSON Avenue #509
Long Island City
Active
$1,535,000
Condo303 E 33RD Street #3G
Kips Bay
Active
$1,533,840
Condo135 E 47TH Street #15D
Turtle Bay
Active
$1,530,000
Condo309 E 49TH Street #9B
Turtle Bay
Active
$1,529,500
Condo58-01 Queens Boulevard #12-C
Woodside
Active
$1,525,000
Condo350 E 18TH Street #9
Gramercy Park
Active
$1,525,000
Multi Family1341 JEFFERSON Avenue
Bushwick
Active
$1,525,000
Co-op305 E 72ND Street #11E
Lenox Hill
Active
$1,525,000
Co-op185 Prospect Park SW #309
Windsor Terrace
Active
$1,525,000
Condo805 WASHINGTON Avenue #4B
Crown Heights
Active
$1,525,000
Co-op330 W END Avenue #12A
Upper West Side
Active
$1,525,000
Condo234 E 23rd Street #3-C
Gramercy Park
Active
$1,525,000
Co-op139 E 63RD Street #6A
Lenox Hill
Active
$1,520,000
Condo22-18 Jackson Avenue #409
Long Island City
Active
$1,515,000
Condo155 Hope Street #3-A
Williamsburg
Active
$1,515,000
Condo11-50 45TH Road #2H
Flushing
Active
$1,505,000
Condo315 W 36TH Street #12B
Hudson Yards
Active
$1,500,000
Condo76 W 85th Street #5C
Upper West Side
Active
$1,500,000
Condo20 West Street #11-L
Financial District
Active
$1,500,000
Condo155 W 68TH Street #1929
Lincoln Square
Active
$1,500,000
Condo300 E 33RD Street #2LK
Kips Bay
Active
$1,500,000
Multi Family99-02 212TH Street
Queens Village
Active
$1,500,000
Multi Family125 Linden Street
Bushwick
