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
Condo366 W 11th Street #8A
West Village
Active
$1,295,000
Co-op77 BLEECKER Street #1029
Greenwich Village
Active
$1,295,000
Condo200 E 61ST Street #35B
Lenox Hill
Active
$1,295,000
Condo340 E 23rd Street #3D
Gramercy Park
Active
$1,295,000
Condo517 W 46TH Street #402
Hell's Kitchen
Active
$1,295,000
Condo21-11 31st Street #3-F
Ditmars Steinway
Active
$1,295,000
Condo340 W 57TH Street #18B
Hell's Kitchen
Active
$1,295,000
Condo121 E 22nd Street #N507
Gramercy Park
Active
$1,295,000
Co-op425 E 51st Street #7C
Midtown East
Active
$1,295,000
Condo351 E 51ST Street #14E
Turtle Bay
Active
$1,295,000
Condo810 Sterling Place #3
Crown Heights
Active
$1,295,000
Condo117 W 123rd Street #1B
Harlem
Active
$1,295,000
Condo315 Gates Avenue #1F
Bedford-Stuyvesant
Active
$1,295,000
Co-op307 W 82nd Street #4B
Upper West Side
Active
$1,295,000
Co-op200 E 57TH Street #17G
Sutton Place
Active
$1,295,000
Condo10 W END Avenue #9C
Lincoln Square
Active
$1,295,000
Condo611 W 56th Street #2B
Hell's Kitchen
Active
$1,295,000
Condo44 E 12th Street #7E
Greenwich Village
Active
$1,295,000
Condo108 W 138th Street #PH6A
Harlem
Active
$1,295,000
Condo125 N 10TH Street #S3I
Williamsburg
Active
$1,295,000
Co-op124 Thompson Street #23/24
SoHo
$1,295,000
Condo611 W 56TH Street #5B
Hell's Kitchen
Active
$1,295,000
Co-op119 W 71ST Street #2C
Lincoln Square
Active
$1,295,000
Condo171 W 57TH Street #2A
Central Park South
