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
$1,490,000
Condo74 DIAMOND Street #4B
Greenpoint
Active
$1,490,000
Co-op250 Mercer Street #B1502
Greenwich Village
Active
$1,490,000
Condo38 E 35TH Street #5J
Murray Hill
Active
$1,490,000
Condo30 Skillman Avenue #4R
Williamsburg
Active
$1,490,000
Condo123 Washington Street #38B
Financial District
Active
$1,485,000
Condo40 E 61st Street #9A
Lenox Hill
Active
$1,485,000
Condo40 E 61ST Street #8A
Lenox Hill
Active
$1,485,000
Condo225 E 19TH Street #501
Gramercy Park
Active
$1,480,000
Condo126 E 57th Street #701
Midtown East
Active
$1,480,000
Multi Family336 57th Street ##2FAM
Sunset Park
Active
$1,480,000
Condo24-01 Queens Plaza N #1404
Long Island City
Active
$1,479,000
Condo150 W 56th Street #3602
Midtown
Active
$1,475,000
Condo106 Central Park S #14B
Central Park South
Active
$1,475,000
Condo170 WEST Street #302
Greenpoint
Active
$1,475,000
Condo319 SCHERMERHORN Street #18B
Downtown Brooklyn
Active
$1,475,000
Condo138 E 50th Street #17B
Midtown East
Active
$1,475,000
Mixed Use1452 FLATBUSH Avenue
Flatbush
Active
$1,475,000
Co-op760 W End Avenue #9D
Upper West Side
Active
$1,475,000
Condo39 E 29TH Street #16D
NoMad
Active
$1,475,000
Condo25 W HOUSTON Street #2B
SoHo
Active
$1,475,000
Co-op16 W 16th Street #4-VN
Flatiron
Active
$1,475,000
Condo100 Norfolk Street #3-B
Lower East Side
Active
$1,470,500
Co-op20 RIVER Terrace #15N
Battery Park City
Active
$1,470,000
Condo386 KOSCIUSZKO Street #1B
Stuyvesant Heights
