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
$1,195,000
Co-op310 E 51ST Street #1
Turtle Bay
Active
$1,195,000
Condo185 18th Street #307
Greenwood Heights
Active
$1,195,000
Co-op141 BARROW Street #3A
West Village
Active
$1,195,000
Condo230 E 20TH Street #13
Gramercy Park
Active
$1,195,000
Condo25-23 NEWTOWN Avenue #PHA
Astoria
Active
$1,195,000
Co-op90 BEEKMAN Street #3J
South Street Seaport
Active
$1,195,000
Condo308 E 38TH Street #19D
Murray Hill
Active
$1,195,000
Co-op201 E 83RD Street #19A
Yorkville
Active
$1,195,000
Single Family Residence78-51 222ND Street
Hollis Hills
Active
$1,195,000
Co-op211 E 53rd Street #4K
Midtown
Active
$1,195,000
Condo1 Irving Place #V-7C
Gramercy Park
Active
$1,195,000
Co-op201 W 70TH Street #6D
Lincoln Square
Active
$1,195,000
Condo240 RIVERSIDE Boulevard #3C
Lincoln Square
Active
$1,195,000
Condo11-12 44TH Drive #3C
Long Island City
Active
$1,195,000
Co-op250 W 16TH Street #3D
Chelsea
Active
$1,195,000
Condo79 Clay Street #4F
Greenpoint
Active
$1,195,000
Condo297 DRIGGS Avenue #6B
Greenpoint
Active
$1,195,000
Condo251 16th Street #3B
Park Slope
Active
$1,195,000
Condo280 Park Avenue S #5L
Flatiron
Active
$1,195,000
Condo305 2ND Avenue #717
Gramercy Park
Active
$1,195,000
Co-op350 E 77TH Street #2AB
Lenox Hill
Active
$1,195,000
Co-op200 E 16th Street #17E
Gramercy Park
Active
$1,195,000
Condo258 St Nicholas Avenue #2-D
West Harlem
Active
$1,195,000
Condo234 E 46th Street #1502
Midtown East
