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
$1,250,000
Condo173 MC GUINNESS Boulevard #4A
Greenpoint
Active
$1,250,000
Condo439 E 77th Street #4C
Upper East Side
Active
$1,250,000
Condo110 Livingston Street #3C
Downtown Brooklyn
Active
$1,250,000
Condo225 E 34th Street #3K
Murray Hill
Active
$1,250,000
Co-op25 E 69th Street #4-A
Upper East Side
Active
$1,250,000
Condo222 Riverside Drive #11E
Upper West Side
Active
$1,250,000
Condo181 E 28TH Street #402
Kips Bay
Active
$1,250,000
Condo502 PARK Avenue #11A
Lenox Hill
Active
$1,250,000
Condo86 GREEN Street #3
Greenpoint
Active
$1,250,000
Co-op33 GREENWICH Avenue #8H
West Village
Active
$1,250,000
Condo15 W 61st Street #3F
Lincoln Square
Active
$1,250,000
Co-op438 4th Street #4-A
Park Slope
Active
$1,250,000
Co-op34 Plaza Street E #306
Prospect Heights
Active
$1,250,000
Condo20 E 68th Street #7G
Lenox Hill
Active
$1,250,000
Condo120 N 7th Street #1D
Williamsburg
Active
$1,250,000
Condo598 Sterling Place #4F
Crown Heights
Active
$1,250,000
Condo30-55 Vernon Boulevard #5F
Astoria
Active
$1,250,000
Co-op146 Bank Street #3A
West Village
Active
$1,250,000
Co-op860 5th Avenue #5L
Lenox Hill
Active
$1,250,000
Co-op37 W 93RD Street #12
Upper West Side
Active
$1,250,000
Condo24-16 Queens Plaza S #17A
Long Island City
Active
$1,250,000
Condo130 W 79th Street #16A
Upper West Side
Active
$1,250,000
Co-op420 E 72nd Street #4K
Lenox Hill
Active
$1,250,000
Multi Family71-61 70TH Street
Glendale
