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
$1,275,000
Co-op66 4TH Place #4R
Carroll Gardens
Active
$1,275,000
Condo22-54 46th Street #804
Ditmars Steinway
Active
$1,275,000
Condop300 E 40TH Street #16K
Murray Hill
Active
$1,275,000
Apartment311 EASTERN Parkway #3
Crown Heights
Active
$1,275,000
Condo229 WITHERS Street #3A
Williamsburg
Active
$1,275,000
Condo60 Riverside Boulevard #1810
Upper West Side
Active
$1,275,000
Condo425 MAIN Street #3N
Roosevelt Island
Active
$1,274,888
Condop1 CITY Point #16D
Downtown Brooklyn
Active
$1,270,000
Condo287 E HOUSTON Street #7B
Lower East Side
Active
$1,270,000
Condo400 W 38TH Street #3CN
Hudson Yards
Active
$1,268,888
Multi Family22-50 43RD Street
Ditmars Steinway
Active
$1,265,000
Condo155 W 68TH Street #411
Lincoln Square
Active
$1,265,000
Condo222 E BROADWAY #20B
Lower East Side
Active
$1,260,000
Condo1152 LAFAYETTE Avenue #2B
Bushwick
Active
$1,260,000
Condo347 W 57th Street #14-F
Hell's Kitchen
Active
$1,259,000
Co-op159-34 RIVERSIDE Drive W #6B
Washington Heights
Active
$1,250,000
Co-op114 W 70th Street #6B
Upper West Side
Active
$1,250,000
Co-op170 Park Row #18C
Chinatown
Active
$1,250,000
Condo96 ROCKWELL Place #8C
Fort Greene
Active
$1,250,000
Condo6917 SHORE Road #4APS10
Bay Ridge
Active
$1,250,000
Co-op306 W 90TH Street #1
Upper West Side
Active
$1,250,000
Condo110 E 87TH Street #7C
Carnegie Hill
Active
$1,250,000
Condo432 W 52nd Street #1A
Hell's Kitchen
Active
$1,250,000
Condo540 W 28TH Street #3F
Chelsea
