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
$1,400,000
Condo717 Grand Street #302
Williamsburg
Active
$1,400,000
Multi Family124 THOMAS S BOYLAND Street
Ocean Hill
Active
$1,400,000
Condo330 E 38TH Street #38K
Murray Hill
Active
$1,400,000
Condo640 W 237TH Street #12B
Central Riverdale
Active
$1,400,000
Condo42-62 Hunter Street #11A
Long Island City
Active
$1,399,999
Condo631 E 9th Street #5B
East Village
Active
$1,399,999
Single Family Residence922 83rd Street
Dyker Heights
Active
$1,399,999
Multi Family904 GATES Avenue
Stuyvesant Heights
Active
$1,399,950
Condo1 Wall Street Court #605
Financial District
Active
$1,399,900
Condo5-09 48TH Avenue #2C
Hunters Point
Active
$1,399,000
Condo225 E 46TH Street #10DE
Turtle Bay
Active
$1,399,000
Condo78-29 AUSTIN Street #406
Forest Hills
Active
$1,399,000
Condo380 RECTOR Place #8M
Battery Park City
Active
$1,399,000
Condo160 Imlay Street #3B4
Red Hook
Active
$1,399,000
Co-op60 E 8th Street #27D
Greenwich Village
Active
$1,399,000
Co-op385 Grand Street #601L
Lower East Side
Active
$1,399,000
Multi Family115 Freeman Street
Greenpoint
Active
$1,399,000
Condo200 Riverside Boulevard #10-L
Lincoln Square
Active
$1,399,000
Condo150 W 56TH Street #4410
Midtown
Active
$1,399,000
Multi Family1060 ROGERS Avenue
Flatbush
Active
$1,399,000
Co-op200 W 79th Street #7F
Upper West Side
Active
$1,399,000
Condo252 SOUTH Street #64G
Two Bridges
Active
$1,399,000
Condo1 WALL Street #1517
Financial District
Active
$1,398,000
Condo107-24 71st Road #10-B
Forest Hills
