2,232 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
$1,500,000
Co-op101 W 12TH Street #19/O
Greenwich Village
Active
$1,500,000
Condo171 Henry Street #3AB
Two Bridges
Active
$1,500,000
Multi Family406 4th Avenue
Gowanus
Active
$1,500,000
Co-op781 5TH Avenue #1101
Lenox Hill
Active
$1,500,000
Co-op303 E 57TH Street #25GH
Sutton Place
Active
$1,500,000
Condo45-40 VERNON Boulevard #4I
Hunters Point
Active
$1,500,000
Co-op201 E 21st Street #2FG
Gramercy Park
Active
$1,500,000
Condo252 South Street #49E
Chinatown
Active
$1,500,000
Co-op505 E 79th Street #18B
Upper East Side
Active
$1,500,000
Condo517 W 46TH Street #105
Hell's Kitchen
Active
$1,500,000
Co-op175 W 13th Street #19C
West Village
$1,500,000
Co-op410 E 57TH Street #5A
Sutton Place
Active
$1,499,999
Triplex58-40 Catalpa Avenue
Ridgewood
Active
$1,499,999
Condo98 Front Street #J9
Dumbo
Active
$1,499,999
Condo200 Riverside Boulevard #12-N
Lincoln Square
Active
$1,499,900
Co-op167 E 61st Street #21E
Lenox Hill
Active
$1,499,000
Co-op300 E 59TH Street #PH06
Sutton Place
Active
$1,499,000
Condo310 W 52nd Street #5F
Hell's Kitchen
Active
$1,499,000
Condo218 23RD Street #2
Greenwood Heights
Active
$1,499,000
Condo659 Grand Street #1
Williamsburg
Active
$1,499,000
Multi Family636 E 96TH Street
Canarsie
Active
$1,499,000
Condo347 W 57TH Street #30A
Hell's Kitchen
Active
$1,499,000
Single Family Residence256 87th Street
Bay Ridge
Active
$1,499,000
Condo131 Jackson Street #4A
Williamsburg
