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
$1,450,000
Co-op127 W 96TH Street #2EF
Upper West Side
Active
$1,450,000
Co-op315 W 86TH Street #16A
Upper West Side
Active
$1,450,000
Co-op654 CARROLL Street #4L
Park Slope
Active
$1,450,000
Co-op1025 5th Avenue #9FS
Upper East Side
Active
$1,450,000
Single Family Residence131 87TH Street
Fort Hamilton
Active
$1,450,000
Condo701 PROSPECT Place #601
Crown Heights
Active
$1,450,000
Co-op155 E 72ND Street #7D
Lenox Hill
Active
$1,450,000
Condo501 3RD Avenue #25A
Kips Bay
Active
$1,450,000
Condo243 W 98TH Street #2C
Upper West Side
Active
$1,450,000
Co-op25 MINETTA Lane #4D
Greenwich Village
Active
$1,450,000
Co-op360 W 22nd Street #8M
Chelsea
$1,450,000
Condo299 W 12TH Street #6B
West Village
Active
$1,450,000
Condo300 W 53rd Street #1K
Hell's Kitchen
Active
$1,450,000
Co-op419 E 57th Street #6F
Sutton Place
Active
$1,450,000
Co-op425 E 58th Street #21F
Sutton Place
Active
$1,450,000
Condo87 Smith Street #9D
Boerum Hill
Active
$1,450,000
Condo208 DELANCEY Street #10D
Lower East Side
Active
$1,450,000
Co-op65 E 76TH Street #2A
Lenox Hill
Active
$1,450,000
Co-op23 E 74th Street #4A
Lenox Hill
Active
$1,450,000
Condo215 W 28th Street #6-E
Chelsea
Active
$1,450,000
Condo315 7TH Avenue #3D
Chelsea
Active
$1,450,000
Co-op146 W 82nd Street #1C
Upper West Side
Active
$1,450,000
Condo160 W 66th Street #26-F
Lincoln Square
Active
$1,450,000
Condo439 W 36TH Street #9D
Hudson Yards
