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
$1,200,000
Condo630 1st Avenue #26N
Murray Hill
Active
$1,200,000
Co-op33 Greenwich Avenue #4H
West Village
Active
$1,200,000
Co-op161 W 16TH Street #8K
Chelsea
Active
$1,200,000
Single Family Residence172-21 90th Avenue
Jamaica
Active
$1,200,000
Co-op45 SUTTON Place S #15C
Sutton Place
Active
$1,200,000
Co-op261 Broadway #2C
Tribeca
Active
$1,200,000
Co-op65 Morton Street #2N
West Village
Active
$1,200,000
Condo802 Dekalb Avenue #1B
Bedford-Stuyvesant
Active
$1,200,000
Condo77 CHARLTON Street #N4E
Hudson Square
Active
$1,200,000
Co-op118 E 60TH Street #8CD
Lenox Hill
Active
$1,200,000
Multi Family35 Melrose Street
Bushwick
Active
$1,200,000
Multi Family1156 GLENMORE Avenue
City Line
Active
$1,200,000
Condo425 5th Avenue #30E
Midtown
Active
$1,200,000
Co-op340 E 80TH Street #20D
Yorkville
Active
$1,200,000
Condo305 2nd Avenue #518
Gramercy Park
Active
$1,200,000
Single Family Residence9 Palm Court
Prospect Lefferts Gardens
Active
$1,200,000
Condo306 Gold Street #9E
Downtown Brooklyn
Active
$1,200,000
Multi Family4 SYLVAN Terrace
Washington Heights
Active
$1,200,000
Condo100 Claremont Avenue #10D
Morningside Heights
Active
$1,200,000
Condo15 WILLIAM Street #37C
Financial District
Active
$1,200,000
Condo25 CENTRAL Park W #10H
Lincoln Square
Active
$1,200,000
Condo101 Wall Street #11C
Financial District
Active
$1,199,999
Multi Family1436 Saint Lawrence Avenue
Parkchester
Active
$1,199,999
Multi Family4013 MANHATTAN Avenue
Sea Gate
