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.
$1,500,000
Condo200 E 69TH Street #5L
Lenox Hill
Active
$1,500,000
Condo506 E 119TH Street #4
East Harlem
Active
$1,500,000
Condo50 PINE Street #FL2
Financial District
Active
$1,500,000
Condo25 Broad Street #20-T
Financial District
Active
$1,500,000
Condop250 W 89TH Street #10H
Upper West Side
Active
$1,500,000
Condo211 E 51ST Street #12B
Turtle Bay
Active
$1,500,000
Single Family Residence59 94TH Street
Fort Hamilton
Active
$1,500,000
Co-op250 MERCER Street #B1602
Greenwich Village
Active
$1,500,000
Condo37 GREENE Street #B2
SoHo
Active
$1,500,000
Condo63 Downing Street #6A
West Village
Active
$1,500,000
Condo425 W 50TH Street #15A
Hell's Kitchen
Active
$1,500,000
Condo65 CLIFTON Place #1B
Clinton Hill
Active
$1,500,000
Co-op115 E 9th Street #3H
Greenwich Village
Active
$1,500,000
Condo505 Court Street #PHG
Carroll Gardens
Active
$1,500,000
Co-op13 DOWNING Street #1BC
West Village
Active
$1,500,000
Co-op520 LAGUARDIA Place #1S
Greenwich Village
Active
$1,500,000
Condo517 W 29TH Street #4A
Chelsea
Active
$1,500,000
Condo88 GREENWICH Street #2303
Financial District
Active
$1,500,000
Condo401 E 60TH Street #19C
Lenox Hill
Active
$1,500,000
Co-op35 E 76th Street #1604
Lenox Hill
Active
$1,500,000
Co-op33 GREENWICH Avenue #12B
West Village
Active
$1,500,000
Co-op300 E 59th Street #2401
Sutton Place
Active
$1,500,000
Condo252 SOUTH Street #49E
Two Bridges
Active
$1,500,000
Condo10-39 49th Avenue #3-E
Long Island City
