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
Co-op60 E 8th Street #18D
Greenwich Village
Active
$1,350,000
Condo547 W 47TH Street #607
Hell's Kitchen
Active
$1,350,000
Condo349 W 51ST Street #1G
Hell's Kitchen
Active
$1,350,000
Condo264 W 77TH Street #2
Upper West Side
Active
$1,350,000
Condop60 E 8TH Street #6A
Greenwich Village
Active
$1,350,000
Condo751 DEAN Street #4
Prospect Heights
Active
$1,350,000
Condo15 W 61ST Street #3D
Lincoln Square
Active
$1,350,000
Condo322 W 57TH Street #32Q
Hell's Kitchen
Active
$1,350,000
Co-op200 E 27TH Street #6R
Kips Bay
Active
$1,350,000
Co-op56 E 87TH Street #4D
Carnegie Hill
Active
$1,350,000
Condo338 Devoe Street #1B
East Williamsburg
Active
$1,350,000
Co-op425 E 58TH Street #15F
Sutton Place
Active
$1,350,000
Condo301 W 115th Street #7J
Harlem
Active
$1,350,000
Multi Family1374 NOSTRAND Avenue
Flatbush
Active
$1,350,000
Condo330 E 38TH Street #47Q
Murray Hill
Active
$1,350,000
Condo24-01 Queens Plaza N #1505-A
Long Island City
Active
$1,350,000
Condo252 South Street #35-E
Lower East Side
Active
$1,349,000
Condo25-21 43rd Avenue #801
Long Island City
Active
$1,349,000
Condo25 Broad Street #9S
Financial District
Active
$1,349,000
Co-op333 E 79TH Street #12N
Yorkville
Active
$1,345,000
Condo200 E 66TH Street #E503
Lenox Hill
Active
$1,345,000
Condo21-31 Shore Boulevard #1B
Ditmars Steinway
Active
$1,345,000
Condop400 E 84TH Street #4C
Yorkville
Active
$1,345,000
Condo45-40 VERNON Boulevard #10E
Hunters Point
