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
Duplex142-16 180th Street
Rochdale Village
Active
$1,450,000
Condo91 Diamond Street #PHB
Greenpoint
Active
$1,449,995
Multi Family80-93 Cypress Avenue
Glendale
Active
$1,449,000
Condo247 W 46TH Street #3501
Midtown
Active
$1,449,000
Condo301 W 57TH Street #45E
Hell's Kitchen
Active
$1,449,000
Condo225 E 46TH Street #PHC
Turtle Bay
Active
$1,449,000
Co-op61 JANE Street #11F
West Village
Active
$1,449,000
Condo340 W 57th Street #8B
Hell's Kitchen
Active
$1,448,000
Multi Family149 LOTT Street
Flatbush
Active
$1,445,000
Condo21-11 31st Street #4-O
Ditmars Steinway
Active
$1,445,000
Condo100 Scholes Street #4-A
Williamsburg
Active
$1,445,000
Co-op349 W 21st Street #C
Chelsea
Active
$1,445,000
Condo271 McDonald Avenue #3B
Windsor Terrace
Active
$1,445,000
Condo34 N 7th Street #8-L
Williamsburg
Active
$1,439,500
Condo30-55 Vernon Boulevard #6M
Astoria
Active
$1,439,500
Condo101 W 79TH Street #3A
Upper West Side
Active
$1,435,000
Condo27-28 Thomson Avenue #128
Long Island City
Active
$1,430,000
Condo401 W 37TH Street #6AS
Hudson Yards
Active
$1,429,000
Condo78-29 AUSTIN Street #PH2O
Forest Hills
Active
$1,425,000
Condo85 FLEET Street #70E
Downtown Brooklyn
Active
$1,425,000
Co-op400 E 59th Street #5F
Sutton Place
Active
$1,425,000
Condo225 5TH Avenue #5N
NoMad
Active
$1,425,000
Co-op433 E 51ST Street #9C
Beekman
Active
$1,425,000
Condo184 THOMPSON Street #6S
Greenwich Village
