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
$1,280,000
Co-op430 W 34TH Street #17CD
Hudson Yards
Active
$1,280,000
Co-op51 E 63rd Street #GARDEN
Lenox Hill
Active
$1,280,000
Condo501 3RD Avenue #6E
Kips Bay
Active
$1,280,000
Condo1 WALL Street #817
Financial District
Active
$1,280,000
Condo305 2nd Avenue #709
Gramercy Park
Active
$1,280,000
Condo125 GREENWICH Street #64H
Financial District
Active
$1,280,000
Condo547 W 47TH Street #629
Hell's Kitchen
Active
$1,279,000
Condop300 E 40th Street #26-R
Murray Hill
Active
$1,275,000
Condo350 W 14th Street #7-B
West Village
Active
$1,275,000
Condo201 W 74TH Street #9K
Upper West Side
Active
$1,275,000
Condo20 PINE Street #911
Financial District
Active
$1,275,000
Condo60 W 20TH Street #5N
Flatiron
Active
$1,275,000
Condo500 4TH Avenue #7A
Gowanus
Active
$1,275,000
Condo400 W 38TH Street #3FN
Hudson Yards
Active
$1,275,000
Condo427 E 12th Street #3A
East Village
Active
$1,275,000
Condo609 2ND Avenue #1202
Kips Bay
Active
$1,275,000
Condo521A GREENE Avenue #1
Bedford-Stuyvesant
Active
$1,275,000
Condo14-38 31ST Road #1
Astoria
Active
$1,275,000
Condo21 POWERS Street #PHC
Williamsburg
Active
$1,275,000
Co-op205 E 77TH Street #PHA
Lenox Hill
Active
$1,275,000
Co-op430 E 57TH Street #5C
Sutton Place
Active
$1,275,000
Condo425 5TH Avenue #26D
Midtown
Active
$1,275,000
Condo325 LEXINGTON Avenue #25A
Murray Hill
Active
$1,275,000
Co-op167 E 61st Street #21B
Lenox Hill
