2,284 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
$1,995,000
Condo15 E 30th Street #16-E
NoMad
Active
$1,995,000
Condo1 Wall Street #907
Financial District
Active
$1,995,000
Condo744 Park Place #1B
Crown Heights
Active
$1,995,000
Co-op25 SUTTON Place S #20G
Sutton Place
Active
$1,995,000
Condo159 W 53rd Street #38GH
Midtown
Active
$1,995,000
Co-op3 SHERIDAN Square #4D
West Village
Active
$1,995,000
Condo23 Garfield Place #1A
Park Slope
Active
$1,995,000
Condo464 W 44th Street #PHD
Hell's Kitchen
Active
$1,995,000
Condo757 Flatbush Avenue #806
Flatbush
Active
$1,995,000
Condo141 E 88TH Street #2E
Carnegie Hill
Active
$1,995,000
Condo240 E HOUSTON Street #PHD
East Village
Active
$1,995,000
Condo205 Freeman Street #PH4A
Greenpoint
Active
$1,995,000
Multi Family236 Lewis Avenue #TWHS
Stuyvesant Heights
Active
$1,995,000
Condo558 5TH Avenue #5B
Park Slope
Active
$1,995,000
Duplex311 EASTERN Parkway #PH6
Crown Heights
Active
$1,995,000
Condo330 E 38th Street #54D
Murray Hill
Active
$1,995,000
Triplex131 20th Street #MULTI
Greenwood Heights
Active
$1,995,000
Condo75 Kenmare Street #4A
Nolita
Active
$1,995,000
Condo75 WALL Street #PHL1
Financial District
Active
$1,995,000
Condo230 Riverside Drive #17D
Upper West Side
Active
$1,995,000
Co-op35 Monroe Place #4
Brooklyn Heights
Active
$1,995,000
Condo171 E 84TH Street #30C
Upper East Side
Active
$1,995,000
Co-op74 5th Avenue #5C
Greenwich Village
Active
$1,995,000
Condo430 E 58TH Street #27B
Sutton Place
