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
$1,198,000
Single Family Residence2410 LODOVICK Avenue
Pelham Gardens
Active
$1,198,000
Single Family Residence5007 Surf Avenue
Coney Island
Active
$1,198,000
Condo43 W 61st Street #10-E
Lincoln Square
Active
$1,198,000
Condo60 RIVERSIDE Boulevard #1904
Lincoln Square
Active
$1,195,500
Condo515 Park Avenue #3-K
Upper East Side
Active
$1,195,000
Co-op176 SEELEY Street #D/1
Windsor Terrace
Active
$1,195,000
Condo2300 Frederick Douglass Boulevard #7G
Harlem
Active
$1,195,000
Condo154 ATTORNEY Street #603
Lower East Side
Active
$1,195,000
Co-op30 BEEKMAN Place #9/10B
Beekman
Active
$1,195,000
Condo854 PUTNAM Avenue #4A
Stuyvesant Heights
Active
$1,195,000
Co-op340 E 93rd Street #28M
Yorkville
Active
$1,195,000
Condo543 W 122nd Street #4G
Morningside Heights
Active
$1,195,000
Condo514 W 110th Street #2B
Upper West Side
Active
$1,195,000
Co-op151 E 83RD Street #2A
Upper East Side
Active
$1,195,000
Condo1118 Fulton Street #6R
Bedford-Stuyvesant
Active
$1,195,000
Condo160 CENTRAL Park S #2811
Central Park South
Active
$1,195,000
Condo30-55 Vernon Boulevard #2A
Long Island City
Active
$1,195,000
Co-op161 W 15th Street #2D
Chelsea
$1,195,000
Co-op414 E 52ND Street #10C
Beekman
Active
$1,195,000
Co-op360 E 72ND Street #C2603
Lenox Hill
Active
$1,195,000
Condo201 E 36th Street #5A
Murray Hill
Active
$1,195,000
Co-op24 E 7TH Street #9B
East Village
Active
$1,195,000
Condo757 FLATBUSH Avenue #101
Flatbush
Active
$1,195,000
Co-op115 MORTON Street #5B
West Village
