2,259 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
$1,995,000
Condo218 23RD Street #1
Greenwood Heights
Active
$1,995,000
Co-op2 Charlton Street #9E
Hudson Square
Active
$1,995,000
Condo333 E 34TH Street #4DE
Murray Hill
Active
$1,995,000
Single Family Residence213 29TH Street
Greenwood Heights
Active
$1,995,000
Condo338 Berry Street #6D
Williamsburg
Active
$1,995,000
Co-op65 W 95th Street #2EF
Upper West Side
Active
$1,995,000
Condo121 E 23RD Street #10C
Flatiron
Active
$1,995,000
Condo721 Fifth Avenue #37A
Midtown
Active
$1,995,000
Multi Family49 St Nicholas Place
Hamilton Heights
Active
$1,995,000
Co-op35 E 30TH Street #5C
NoMad
Active
$1,995,000
Condo184 Kent Avenue #D-601
Williamsburg
Active
$1,995,000
Condo138 E 50TH Street #30A
Turtle Bay
Active
$1,995,000
Condo1991 BROADWAY #PHB
Lincoln Square
Active
$1,995,000
Condo200 E 89TH Street #30D
Yorkville
Active
$1,995,000
Condo100 CONGRESS Street #406
Carroll Gardens
Active
$1,995,000
Condo222 16TH Street #3F
Park Slope
Active
$1,995,000
Condo400 W 38TH Street #7DN
Hudson Yards
Active
$1,995,000
Co-op17 W 67TH Street #1DS
Lincoln Square
Active
$1,995,000
Condo543 W 122ND Street #3E
Morningside Heights
Active
$1,995,000
Condo255 E 49TH Street #14D
Turtle Bay
Active
$1,995,000
Co-op40 E 80th Street #21/22B
Upper East Side
Active
$1,995,000
Condo500 W End Avenue #12A
Upper West Side
Active
$1,995,000
Co-op200 E 57TH Street #12D
Sutton Place
Active
$1,990,000
Condo115 4TH Avenue #PH8D
East Village
