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
$1,425,000
Condo104 Clifton Place #2C
Clinton Hill
Active
$1,425,000
Co-op185 Prospect Park SW #403
Windsor Terrace
Active
$1,425,000
Condo420 E 58th Street #19B
Sutton Place
Active
$1,425,000
Condo80 Riverside Boulevard #15-A
Lincoln Square
Active
$1,425,000
Co-op51 E 90th Street #2-A
Carnegie Hill
Active
$1,420,000
Condo480 KENT Avenue #17G
Williamsburg
Active
$1,420,000
Co-op149 Ave C #PH5F/6F
East Village
Active
$1,417,500
Condo11-37 44TH Drive #206
Long Island City
Active
$1,415,000
Condo155 W 68TH Street #1211
Lincoln Square
Active
$1,405,000
Condo85 FLEET Street #68D
Downtown Brooklyn
Active
$1,400,000
Co-op470 W 24TH Street #19D
Chelsea
Active
$1,400,000
Co-op360 E 72nd Street #B1601
Lenox Hill
Active
$1,400,000
Condo311 GREENWICH Street #7E
Tribeca
Active
$1,400,000
Condo196 ORCHARD Street #5J
Lower East Side
$1,400,000
Co-op250 MERCER Street #B1002
Greenwich Village
Active
$1,400,000
Co-op109 W 70th Street #1F & 2F
Upper West Side
Active
$1,400,000
Condo161 N 4TH Street #1I
Williamsburg
Active
$1,400,000
Co-op120 Central Park S #3D
Central Park South
Active
$1,400,000
Multi Family1768 GLEASON Avenue
Soundview
Active
$1,400,000
Condop300 E 40TH Street #32K
Murray Hill
Active
$1,400,000
Condo609 2ND Avenue #501
Kips Bay
Active
$1,400,000
Condo42-62 Hunter Street #PH-A
Long Island City
Active
$1,400,000
Condo200 E 69TH Street #11B
Lenox Hill
Active
$1,400,000
Co-op25 Sutton Place S #18M
Sutton Place
