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
$1,495,000
Condo127 KENT Avenue #PH1D
Williamsburg
Active
$1,495,000
Condo146 W 57TH Street #39C
Midtown
Active
$1,495,000
Condo14 E 4TH Street #505
NoHo
Active
$1,495,000
Condo110 Coffey Street #3C
Red Hook
Active
$1,495,000
Co-op131 W 28TH Street #2D
Chelsea
Active
$1,495,000
Co-op31 GRAMERCY Park S #4B
Gramercy Park
Active
$1,495,000
Condo349 W 51ST Street #3E
Hell's Kitchen
Active
$1,495,000
Co-op167 E 67TH Street #12C
Lenox Hill
$1,495,000
Condo141 E 88TH Street #6I
Carnegie Hill
Active
$1,495,000
Co-op1 Plaza Street W #14A
Park Slope
Active
$1,495,000
Co-op299 RIVERSIDE Drive #2C
Upper West Side
Active
$1,495,000
Condo186 Clinton Avenue #2B
Clinton Hill
Active
$1,495,000
Condo252 7TH Avenue #7M
Chelsea
Active
$1,495,000
Multi Family21-50 71st Street
Astoria Heights
Active
$1,495,000
Multi Family32-73 30TH Street
Astoria
Active
$1,495,000
Condo42-60 Crescent Street #3-D
Long Island City
Active
$1,495,000
Condo303 E 60TH Street #7B
Lenox Hill
Active
$1,495,000
Condo289 SCHERMERHORN Street #4A
Downtown Brooklyn
Active
$1,495,000
Condo330 GRAND Street #1
Lower East Side
Active
$1,495,000
Co-op50 Sutton Place S #2A
Sutton Place
Active
$1,495,000
Condo75 WALL Street #38A
Financial District
Active
$1,495,000
Condo9 Chapel Street #5
Downtown Brooklyn
Active
$1,495,000
Condo1 Wall Street #1105
Financial District
Active
$1,495,000
Co-op301 E 64TH Street #17B
Lenox Hill
