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
$1,295,000
Co-op860 UNITED NATIONS Plaza #14D
Beekman
Active
$1,295,000
Multi Family207 ATKINS Avenue
East New York
Active
$1,295,000
Condo415 E 37TH Street #21/J
Murray Hill
Active
$1,295,000
Condo246 Maple Street #PHA
Prospect Lefferts Gardens
Active
$1,295,000
Condo325 Lexington Avenue #11D
Murray Hill
Active
$1,295,000
Co-op11 5TH Avenue #10F
Greenwich Village
Active
$1,295,000
Rental1108 WINTHROP Street #MULTIFAM
Brownsville
Active
$1,295,000
Condo200 E 58TH Street #11H
Sutton Place
Active
$1,295,000
Condo325 LEXINGTON Avenue #24D
Murray Hill
Active
$1,295,000
Condo308 E 38TH Street #21/22C
Murray Hill
Active
$1,295,000
Co-op750 PARK Avenue #12B
Lenox Hill
Active
$1,295,000
Condo205 E 68TH Street #T5H
Lenox Hill
Active
$1,295,000
Co-op400 E 56TH Street #30P
Sutton Place
Active
$1,295,000
Co-op545 W END Avenue #12D
Upper West Side
Active
$1,295,000
Condo709 Carroll Street #4L
Park Slope
Active
$1,295,000
Condo380 LENOX Avenue #3G
Central Harlem
Active
$1,295,000
Co-op114 W 29TH Street #PH
Chelsea
Active
$1,295,000
Condop63 E 9th Street #5G
Greenwich Village
Active
$1,295,000
Condo18 W 48TH Street #18E
Midtown
Active
$1,295,000
Condo2280 Frederick Douglass Boulevard #11F
Harlem
Active
$1,295,000
Condo105 W 78th Street #3
Upper West Side
Active
$1,295,000
Co-op53 W 11th Street #4R/5R
Greenwich Village
Active
$1,295,000
Co-op314 E 41ST Street #PH1B
Murray Hill
Active
$1,295,000
Co-op515 E 79TH Street #4E
Yorkville
