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
Condo99-31 66th Avenue #PH-B
Forest Hills
Active
$1,300,000
Condo23 OCEAN Parkway #1C
Windsor Terrace
Active
$1,299,999
Multi Family1796 EASTERN Parkway
Crown Heights
Active
$1,299,000
Condo70 W 45TH Street #31D
Midtown
Active
$1,299,000
Multi Family36-25 30th Street #BLDG
Long Island City
Active
$1,299,000
Condo10 NEVINS Street #11C
Downtown Brooklyn
Active
$1,299,000
Co-op180 CABRINI Boulevard #99
Hudson Heights
Active
$1,299,000
Condo216 CALYER Street #1B
Greenpoint
Active
$1,299,000
Condo20 PINE Street #908
Financial District
Active
$1,299,000
Single Family Residence2019 AVE R
Madison
Active
$1,299,000
Condo393 W 49th Street #2G
Hell's Kitchen
Active
$1,299,000
Condo32 E 76th Street #502-602
Upper East Side
Active
$1,299,000
Condo505 W 47TH Street #6GS
Hell's Kitchen
Active
$1,299,000
Condo1280 Fifth Avenue #18F
Carnegie Hill
Active
$1,298,000
Multi Family1248 E 70th Street
Bergen Beach
Active
$1,298,000
Single Family Residence23-59 36TH Street
Ditmars Steinway
Active
$1,298,000
Condo454 W 54th Street #3P
Hell's Kitchen
Active
$1,298,000
Condo57 Reade Street #6D
Tribeca
Active
$1,295,000
Condo1 Central Park S #1502
Central Park South
Active
$1,295,000
Multi Family1690 Flatbush Avenue #6
Midwood
Active
$1,295,000
Condo976 Metropolitan Avenue #1B
East Williamsburg
Active
$1,295,000
Co-op400 E 56TH Street #30G
Sutton Place
Active
$1,295,000
Condo118 Madison Street #3
Bedford-Stuyvesant
Active
$1,295,000
Apartment311 EASTERN Parkway #4
Crown Heights
