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
$1,350,000
Condo200 Rector Place #3-Y
Battery Park City
Active
$1,350,000
Condo53 W 53RD Street #15E
Midtown
Active
$1,350,000
Condo15 Broad Street #2524
Financial District
Active
$1,350,000
Multi Family427 Dewitt Avenue
East New York
Active
$1,350,000
Co-op407 PARK Avenue S #17A
NoMad
Active
$1,350,000
Co-op325 E 57th Street #1A
Sutton Place
Active
$1,350,000
Co-op439 E 51ST Street #7B
Beekman
Active
$1,350,000
Co-op23 E 10TH Street #615
Greenwich Village
Active
$1,350,000
Condo340 W 57TH Street #2B
Hell's Kitchen
Active
$1,350,000
Co-op420 E 72ND Street #10FG
Lenox Hill
Active
$1,350,000
Co-op459 HUDSON Street #2B
West Village
Active
$1,350,000
Co-op501 E 79th Street #5E
Upper East Side
Active
$1,350,000
Condo330 E 38TH Street #37B
Murray Hill
Active
$1,350,000
Condo261 W 25TH Street #4E
Chelsea
$1,350,000
Condo400 5th Avenue #31-H
Midtown West
Active
$1,350,000
Condo38 Delancey Street #5A
Lower East Side
Active
$1,350,000
Condo555 W 23RD Street #N9N
Chelsea
Active
$1,350,000
Co-op181 E 73RD Street #12A
Lenox Hill
Active
$1,350,000
Condo26-26 Jackson Avenue #802
Long Island City
Active
$1,350,000
Co-op330 W 72ND Street #1C
Lincoln Square
Active
$1,350,000
Co-op305 W 86th Street #4B
Upper West Side
Active
$1,350,000
Condo640 W 237TH Street #15C
Central Riverdale
Active
$1,350,000
Condo9 Chapel Street #2C
Downtown Brooklyn
Active
$1,350,000
Condo150 W 56th Street #4312
Midtown
