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-op12 W 72ND Street #11F
Lincoln Square
Active
$1,295,000
Condo171 W 57TH Street #2A
Central Park South
Active
$1,295,000
Condo1 Hanson Place #21C
Fort Greene
Active
$1,295,000
Condo1048 FLUSHING Avenue #PH
Bushwick
Active
$1,295,000
Co-op650 Park Avenue #2A
Lenox Hill
Active
$1,295,000
Co-op1150 PARK Avenue #16D
Carnegie Hill
Active
$1,295,000
Co-op142 W END Avenue #9N
Lincoln Square
Active
$1,290,000
Condo23 OCEAN Parkway #3B
Windsor Terrace
Active
$1,290,000
Co-op140 W 69TH Street #52
Lincoln Square
Active
$1,290,000
Multi Family4618 ARLINGTON Avenue
Estate Area
Active
$1,290,000
Condo15 WILLIAM Street #31C
Financial District
Active
$1,290,000
Co-op555 Main Street #1712
Roosevelt Island
Active
$1,290,000
Condo75 1ST Avenue #6C
East Village
Active
$1,290,000
Condo60 RIVERSIDE Boulevard #1806
Lincoln Square
Active
$1,289,000
Single Family Residence233 BEACH 148TH Street
Neponsit
Active
$1,288,750
Condo37-34 33rd Street #2-K
Long Island City
Active
$1,288,000
Single Family Residence20-17 26th Street
Astoria
Active
$1,285,000
Condo393 W 49th Street #6G
Hell's Kitchen
Active
$1,285,000
Condo30-55 Vernon Boulevard #6P
Astoria
Active
$1,285,000
Condo330 E 38th Street #9-B
Murray Hill
Active
$1,285,000
Co-op319 E 50th Street #7KL
Midtown East
Active
$1,285,000
Condo319 Schermerhorn Street #14D
Downtown Brooklyn
Active
$1,285,000
Condo401 E 60TH Street #4K
Lenox Hill
Active
$1,285,000
Condo24-16 QUEENS Plaza S #20A
Long Island City
