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
$1,300,000
Multi Family39-41 24th Street
Long Island City
Active
$1,300,000
Condo340 W 86TH Street #5A
Upper West Side
Active
$1,300,000
Multi Family1578 Edison Avenue
Pelham Bay
Active
$1,300,000
Condo289 13TH Street #2R
Park Slope
Active
$1,300,000
Condo229 WITHERS Street #4A
Williamsburg
Active
$1,300,000
Multi Family17-18 Decatur Street
Ridgewood
Active
$1,300,000
Co-op25 Sutton Place S #6P
Sutton Place
Active
$1,300,000
Condo42-62 Hunter Street #12-A
Long Island City
Active
$1,300,000
Condo84 FRONT Street #11A
DUMBO
Active
$1,300,000
Co-op34 W 76TH Street #10
Upper West Side
Active
$1,300,000
Single Family Residence681 E 4TH Street
Kensington
Active
$1,300,000
Condo66 St Nicholas Avenue #7A
Harlem
Active
$1,300,000
Condo46-30 Center Boulevard #1106
Long Island City
Active
$1,300,000
Condo198 Monitor Street #2A
Greenpoint
Active
$1,300,000
Co-op250 W 15TH Street #6G
Chelsea
Active
$1,300,000
Co-op315 W 23RD Street #11A
Chelsea
Active
$1,300,000
Condo11-52 44th Drive #PH-A
Long Island City
Active
$1,300,000
Condo200 E 69th Street #19D
Lenox Hill
Active
$1,300,000
Co-op444 E 52nd Street #3C
Midtown East
Active
$1,300,000
Condo591 Washington Avenue #201
Crown Heights
Active
$1,300,000
Condo15 BROAD Street #1200
Financial District
Active
$1,300,000
Condo350 W 42nd Street #20L
Hell's Kitchen
Active
$1,300,000
Condo959 1st Avenue #6F
Midtown East
Active
$1,300,000
Condo325 LEXINGTON Avenue #19E
Murray Hill
