2,234 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
$1,388,000
Condo10-39 49th Avenue #3-H
Long Island City
Active
$1,385,000
Multi Family354 MONTAUK Avenue
East New York
Active
$1,385,000
Condo280 Park Avenue S #12-M
Flatiron
Active
$1,385,000
Condo25-19 43rd Avenue #501
Long Island City
Active
$1,385,000
Condo133 Water Street #4E
Dumbo
Active
$1,385,000
Condo373 RUTLAND Road #4A
Prospect Lefferts Gardens
Active
$1,385,000
Condo120 RIVERSIDE Boulevard #12F
Lincoln Square
Active
$1,383,220
Condo138-32 Northern Boulevard #PH1F
Flushing
Active
$1,380,000
Condo37-14 34TH Street #S2D
Long Island City
Active
$1,380,000
Multi Family324 WEIRFIELD Street
Bushwick
Active
$1,378,000
Condo415 E 37th Street #7-F
Murray Hill
Active
$1,375,000
Condo30-55 Vernon Boulevard #2C
Astoria
Active
$1,375,000
Condo695 Monroe Street #4
Bedford-Stuyvesant
Active
$1,375,000
Condo701 PROSPECT Place #301
Crown Heights
Active
$1,375,000
Condo10 Nevins Street #25-A
Downtown Brooklyn
Active
$1,375,000
Co-op14 E 92nd Street #PH4
Carnegie Hill
Active
$1,375,000
Co-op107-40 QUEENS Boulevard #PH1
Forest Hills
Active
$1,375,000
Co-op2166 Broadway #4C
Upper West Side
Active
$1,375,000
Single Family Residence1016 71st Street
Dyker Heights
Active
$1,375,000
Condo30-55 Vernon Boulevard #3V
Astoria
Active
$1,375,000
Condo110 N 1ST Street #3D
Williamsburg
Active
$1,375,000
Condo200 E 66TH Street #D102
Lenox Hill
Active
$1,375,000
Condo308 E 72nd Street #6E
Lenox Hill
Active
$1,375,000
Co-op301 E 64TH Street #16B
Lenox Hill
