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
Condo6917 SHORE Road #4A
Bay Ridge
Active
$1,395,000
Condo428 W 19TH Street #2C
Chelsea
Active
$1,395,000
Condo77 GREENWICH Street #15B
Financial District
Active
$1,395,000
Co-op1 5TH Avenue #5F
Greenwich Village
Active
$1,395,000
Condo150 E 23RD Street #4A
Gramercy Park
Active
$1,395,000
Condo250 E 49TH Street #12D
Turtle Bay
Active
$1,395,000
Co-op175 W 93RD Street #3K
Upper West Side
Active
$1,395,000
Condo200 E 69th Street #18D
Lenox Hill
Active
$1,395,000
Co-op400 E 56TH Street #34P
Sutton Place
Active
$1,395,000
Co-op300 E 74th Street #27A
Upper East Side
Active
$1,395,000
Co-op200 W 54th Street #10K
Midtown
Active
$1,395,000
Co-op301 E 64TH Street #PHA
Lenox Hill
Active
$1,395,000
Co-op316 W 90TH Street #1
Upper West Side
Active
$1,395,000
Co-op40 E 9th Street #12K
Greenwich Village
Active
$1,395,000
Condo535 Dean Street #410
Prospect Heights
Active
$1,395,000
Co-op50 W 96TH Street #14C
Upper West Side
Active
$1,395,000
Condo236 E 47th Street #36C
Midtown East
Active
$1,390,000
Condo38 Delancey Street #15A
Nolita
Active
$1,390,000
Condo25 Broad Street #21-K
Financial District
Active
$1,390,000
Condo24-01 Queens Plaza N #1404-A
Long Island City
Active
$1,390,000
Condo757 Flatbush Avenue #601
Flatbush
Active
$1,390,000
Condo38 Delancey Street #4A
Nolita
Active
$1,390,000
Condo110 W 86th Street #2B
Upper West Side
$1,390,000
Condop1 CITY Point #26D
Downtown Brooklyn
