2,235 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
$1,375,000
Co-op120 Cabrini Boulevard #19
Hudson Heights
Active
$1,375,000
Co-op907 5th Avenue #5F
Lenox Hill
Active
$1,375,000
Condo635 W 42ND Street #40D
Hell's Kitchen
Active
$1,375,000
Condo243 W 60TH Street #8A
Lincoln Square
Active
$1,375,000
Condo236 E 47th Street #38-A
Turtle Bay
Active
$1,375,000
Co-op118 E 60TH Street #16G
Lenox Hill
Active
$1,375,000
Co-op49 E 96th Street #3A
Upper East Side
Active
$1,375,000
Condo151 W 21st Street #7A
Chelsea
Active
$1,375,000
Condo250 W 88TH Street #804
Upper West Side
Active
$1,375,000
Condo373 RUTLAND Road #3B
Prospect Lefferts Gardens
Active
$1,375,000
Co-op305 E 72nd Street #16B
Upper East Side
Active
$1,375,000
Co-op385 Grand Street #L1606
Lower East Side
Active
$1,375,000
Single Family Residence176 10TH Street
Gowanus
Active
$1,373,750
Condo58-01 Queens Boulevard #9-B
Woodside
Active
$1,370,000
Condo125 GREENWICH Street #63C
Financial District
Active
$1,370,000
Condo416 W 52nd Street #713
Hell's Kitchen
Active
$1,370,000
Condo155 W 68TH Street #905
Lincoln Square
Active
$1,370,000
Condo85 FLEET Street #58E
Downtown Brooklyn
Active
$1,369,000
Condo415 E 37TH Street #35D
Murray Hill
Active
$1,365,000
Condo11-37 44TH Drive #708
Long Island City
Active
$1,360,000
Condo125 GREENWICH Street #62C
Financial District
Active
$1,360,000
Condo15 W 53rd Street #15E
Midtown
Active
$1,360,000
Condo125 GREENWICH Street #25B
Financial District
Active
$1,360,000
Condo428 W 19TH Street #4D
Chelsea
