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
$1,395,000
Condo625 NEW YORK Avenue #6B
Prospect Lefferts Gardens
Active
$1,395,000
Condo280 Park Avenue S #4E
Flatiron
Active
$1,395,000
Co-op60 RIVERSIDE Drive #1A
Upper West Side
Active
$1,395,000
Condo125 W 22nd Street #5-C
Chelsea
Active
$1,395,000
Co-op215 W 92ND Street #9I
Upper West Side
Active
$1,395,000
Multi Family50-38 47TH Street
Sunnyside
Active
$1,395,000
Co-op16 W 16TH Street #7RS
Flatiron
Active
$1,395,000
Multi Family1055 E 34TH Street
East Flatbush
Active
$1,395,000
Condo117 POWERS Street #GARDEN2
Williamsburg
Active
$1,395,000
Co-op440 W END Avenue #17B
Upper West Side
Active
$1,395,000
Co-op116 E 66th Street #4E
Lenox Hill
Active
$1,395,000
Condop1175 YORK Avenue #15H
Lenox Hill
Active
$1,395,000
Condo168 Hancock Street #4A
Bedford-Stuyvesant
Active
$1,395,000
Co-op25 Sutton Place S #11M
Sutton Place
Active
$1,395,000
Condo41 W 72nd Street #11D
Upper West Side
Active
$1,395,000
Condo2-17 51st Avenue #215
Long Island City
Active
$1,395,000
Condo404 E 79th Street #9H
Upper East Side
Active
$1,395,000
Condo99 BATTERY Place #22C
Battery Park City
Active
$1,395,000
Condo200 E 61st Street #35-D
Upper East Side
Active
$1,395,000
Co-op303 Mercer Street #A-602
Greenwich Village
Active
$1,395,000
Co-op315 RIVERSIDE Drive #18A
Upper West Side
Active
$1,395,000
Condo814 5TH Avenue #3C
Greenwood Heights
Active
$1,395,000
Condo529 COURT Street #404
Carroll Gardens
Active
$1,395,000
Co-op101 W 81ST Street #524
Upper West Side
