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
$1,340,000
Co-op175 E 62nd Street #PHB
Lenox Hill
Active
$1,335,000
Condo757 Flatbush Avenue #610
Flatbush
Active
$1,330,000
Condo155 W 68TH Street #1434
Lincoln Square
Active
$1,330,000
Condo220 Riverside Boulevard #21-E
Lincoln Square
Active
$1,325,000
Condo88 LEXINGTON Avenue #402
NoMad
Active
$1,325,000
Condo330 GRAND Street #5A
Lower East Side
Active
$1,325,000
Condop312 E 23rd Street #7B
Gramercy Park
Active
$1,325,000
Co-op245 W 104TH Street #6C
Upper West Side
Active
$1,325,000
Co-op233 E 86TH Street #20B
Yorkville
Active
$1,325,000
Condo389 E 89th Street #4C
Upper East Side
Active
$1,325,000
Condo330 E 38TH Street #42Q
Murray Hill
Active
$1,325,000
Single Family Residence318 Beach 87th Street
Seaside
Active
$1,325,000
Condo360 Furman Street #301
Brooklyn Heights
Active
$1,320,000
Condo80 Riverside Boulevard #4X
Lincoln Square
Active
$1,320,000
Co-op416 Ocean Avenue #14
Prospect Park South
Active
$1,320,000
Condo44-27 Purves Street #8A
Long Island City
Active
$1,319,000
Condo195 BOWERY #5E
Lower East Side
Active
$1,315,000
Condo135 E 47TH Street #22A
Turtle Bay
Active
$1,305,000
Condo611 W 56th Street #3-A
Hell's Kitchen
Active
$1,305,000
Condo252 South Street #22J
Chinatown
Active
$1,305,000
Condo252 SOUTH Street #22J
Two Bridges
Active
$1,305,000
Condo547 W 47TH Street #704
Hell's Kitchen
Active
$1,300,000
Condo135 E 47TH Street #21B
Turtle Bay
Active
$1,300,000
Co-op211 W 10th Street #5C
West Village
