2,233 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
$1,499,000
Condo131 Jackson Street #4A
Williamsburg
Active
$1,499,000
Single Family Residence1-09 Beach 221st Street
Breezy Point
Active
$1,499,000
Condo100 W 93RD Street #21J
Upper West Side
Active
$1,499,000
Co-op531 Main Street #718
Roosevelt Island
Active
$1,499,000
Condo480 KENT Avenue #21E
Williamsburg
Active
$1,499,000
Condo353 3RD Street #4B
Park Slope
Active
$1,499,000
Co-op531 MAIN Street #802
Roosevelt Island
Active
$1,499,000
Co-op175 E 62nd Street #9D
Lenox Hill
Active
$1,499,000
Multi Family186 COVERT Street
Bushwick
Active
$1,499,000
Condo212 E 57TH Street #5C
Sutton Place
Active
$1,499,000
Multi Family408 E 29TH Street
Flatbush
Active
$1,499,000
Mixed Use104 Albany Avenue
Crown Heights
Active
$1,499,000
Condo64-05 YELLOWSTONE Boulevard #111
Forest Hills
Active
$1,499,000
Multi Family30 Marconi Place
Bedford-Stuyvesant
Active
$1,499,000
Multi Family168 22nd Street
Greenwood Heights
Active
$1,498,000
Co-op61 Jane Street #15A
West Village
Active
$1,498,000
Condo100 Ave A #2e
East Village
Active
$1,498,000
Condo350 W 50TH Street #10E
Hell's Kitchen
Active
$1,495,000
Co-op425 E 50TH Street #1
Beekman
Active
$1,495,000
Condo222 16TH Street #3B
Park Slope
Active
$1,495,000
Condo425 Central Park W #1-D
Upper West Side
Active
$1,495,000
Multi Family1773 Nostrand Avenue
Flatbush
Active
$1,495,000
Condo1590 PACIFIC Street #PH
Crown Heights
Active
$1,495,000
Co-op230 W 105th Street #3D
Upper West Side
