2,233 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
Single Family Residence79 Sparkill Avenue
Concord
Active
$1,250,000
Condo179 N 10th Street #5E
Williamsburg
Active
$1,250,000
Condo58-01 Queens Boulevard #12-B
Woodside
Active
$1,250,000
Co-op301 E 48TH Street #15/16F
Turtle Bay
Active
$1,250,000
Condo306 W 116th Street #3B
Harlem
Active
$1,249,999
Multi Family309 Stanhope Street #0
Bushwick
Active
$1,249,500
Condo230 ASHLAND Place #21D
Fort Greene
Active
$1,249,000
Co-op69 W 9TH Street #11K
Greenwich Village
Active
$1,249,000
Condo26 W 74th Street #2-A
Upper West Side
$1,249,000
Co-op400 E 56TH Street #6B
Sutton Place
Active
$1,249,000
Co-op23 E 10TH Street #3D
Greenwich Village
Active
$1,249,000
Condop305 W 16TH Street #6B
Chelsea
Active
$1,249,000
Condo330 E 38TH Street #27A
Murray Hill
Active
$1,249,000
Condo21-31 Shore Boulevard #3C
Ditmars Steinway
Active
$1,249,000
Condo1438 3RD Avenue #12A
Upper East Side
Active
$1,249,000
Condo22-54 46th Street #602
Ditmars Steinway
Active
$1,249,000
Multi Family270 Richmond Terrace
St. George
Active
$1,249,000
Condo2280 Frederick Douglass Boulevard #9-F
West Harlem
Active
$1,245,000
Condo330 E 38TH Street #5K
Murray Hill
Active
$1,245,000
Co-op2501 PALISADE Avenue #H2
Spuyten Duyvil
Active
$1,242,000
Multi Family79-23 67TH Drive
Middle Village
Active
$1,241,150
Condo401 W 37TH Street #5ES
Hudson Yards
Active
$1,240,000
Condo111 MONTGOMERY Street #12F
Crown Heights
Active
$1,240,000
Condo303 E 33rd Street #8A
Kips Bay
