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
Condop300 E 40TH Street #21R
Murray Hill
Active
$1,250,000
Condop88 Morningside Avenue #10B
Harlem
Active
$1,250,000
Condo101 WALL Street #14C
Financial District
Active
$1,250,000
Condo185 GRAND Street #4C
Little Italy
Active
$1,250,000
Co-op33 RIVERSIDE Drive #1C
Upper West Side
Active
$1,250,000
Condo110 E 87TH Street #6A
Carnegie Hill
Active
$1,250,000
Condo2921 BRIGHTON 1ST Street #7
Brighton Beach
Active
$1,250,000
Condo241 5TH Avenue #8C
NoMad
Active
$1,250,000
Condo229 WITHERS Street #2A
Williamsburg
Active
$1,250,000
Condo552 W 43rd Street #3A
Hell's Kitchen
Active
$1,250,000
Co-op256 W 21ST Street #G1
Chelsea
Active
$1,250,000
Condo2000 Broadway #11C
Upper West Side
Active
$1,250,000
Multi Family83 Suydam Street #MULTI
Bushwick
Active
$1,250,000
Condo689 Myrtle Avenue #5I
Bedford-Stuyvesant
Active
$1,250,000
Condo650 6TH Avenue #6G
Flatiron
$1,250,000
Condo429 Kent Avenue #731
Williamsburg
Active
$1,250,000
Condo123 3RD Avenue #8C
East Village
Active
$1,250,000
Condo214 N 11TH Street #5A
Williamsburg
Active
$1,250,000
Condo275 Greenwich Street #8K
Tribeca
Active
$1,250,000
Co-op10 Plaza Street E #2J
Prospect Heights
Active
$1,250,000
Co-op110 E 57th Street #4FG
Midtown East
Active
$1,250,000
Co-op235 W 102nd Street #3I
Upper West Side
Active
$1,250,000
Condo540 W 28TH Street #8E
Chelsea
Active
$1,250,000
Co-op1855 ADAM CLAYTON POWELL JR Boulevard #5C
South Harlem
