2,244 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
$1,990,000
Condo212 E 57TH Street #6C
Sutton Place
Active
$1,990,000
Condo16 W 40th Street #16B
Midtown
Active
$1,990,000
Condo200 Riverside Boulevard #39D
Lincoln Square
Active
$1,988,888
Single Family Residence41-08 Orient Avenue
Bayside
Active
$1,988,000
Condo408 E 79TH Street #5A
Lenox Hill
Active
$1,985,000
Condo25 Broad Street #15-I
Financial District
Active
$1,985,000
Multi Family332 PARKVILLE Avenue
Kensington
Active
$1,985,000
Condo100 CLAREMONT Avenue #25E
Morningside Heights
Active
$1,985,000
Condo30 West Street #23B
Battery Park City
Active
$1,985,000
Condo160 WEST Street #PHC
Greenpoint
Active
$1,980,000
Condo300 E 64TH Street #16A
Lenox Hill
Active
$1,975,000
Condo250 E 30TH Street #11A
Kips Bay
Active
$1,975,000
Condo515 E 72nd Street #6J
Lenox Hill
Active
$1,975,000
Condo30 MAIN Street #3F
DUMBO
Active
$1,975,000
Condo530 PARK Avenue #5J
Lenox Hill
Active
$1,975,000
Co-op190 COLUMBIA Heights #4
Brooklyn Heights
Active
$1,975,000
Multi Family126 95th Street
Bay Ridge
Active
$1,975,000
Condo609 2ND Avenue #602
Kips Bay
Active
$1,975,000
Condo8 S 4TH Street #28E
Williamsburg
Active
$1,975,000
Condo1 CENTRAL Park W #1506
Lincoln Square
Active
$1,975,000
Condo360 Furman Street #443
Brooklyn Heights
Active
$1,975,000
Condo148 E 24TH Street #11A
Kips Bay
Active
$1,970,000
Multi Family62 Bainbridge Street
Stuyvesant Heights
Active
$1,965,000
Condo547 W 47TH Street #811
Hell's Kitchen
