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-op40 W 72ND Street #143
Lincoln Square
Active
$1,195,000
Condo517 W 29TH Street #3F
Chelsea
Active
$1,195,000
Condo350 W 42nd Street #40A
Hell's Kitchen
Active
$1,195,000
Co-op165 E 60TH Street #6D
Lenox Hill
Active
$1,195,000
Co-op440 E 56th Street #1B
Sutton Place
Active
$1,195,000
Co-op7 E 14TH Street #1610
Flatiron
Active
$1,195,000
Co-op425 PARK Avenue S #20D
NoMad
Active
$1,190,000
Condo1325 Fifth Avenue #3C
East Harlem
Active
$1,190,000
Co-op178 E 80th Street #6A
Upper East Side
Active
$1,190,000
Co-op310 Windsor Place #32
Windsor Terrace
Active
$1,190,000
Co-op201 W 16TH Street #9B
Chelsea
Active
$1,190,000
Condo135 E 47TH Street #6A
Turtle Bay
Active
$1,190,000
Condo24-01 Queens Plaza N #1306
Long Island City
Active
$1,189,000
Condo245 Nostrand Avenue #2
Bedford-Stuyvesant
Active
$1,189,000
Condo240 RIVERSIDE Boulevard #14F
Lincoln Square
Active
$1,185,000
Condo545 W 110TH Street #4C
Morningside Heights
Active
$1,185,000
Condo16 W 19th Street #3D
Flatiron
Active
$1,185,000
Condo11-50 45TH Road #4D
Flushing
Active
$1,185,000
Condo45-40 VERNON Boulevard #14C
Hunters Point
Active
$1,185,000
Condo259 22ND Street #4G
Greenwood Heights
Active
$1,185,000
Condo250 E 54TH Street #21D
Sutton Place
Active
$1,184,500
Condo401 W 37TH Street #2CS
Hudson Yards
Active
$1,180,000
Condo34 N 7th Street #6Z
Williamsburg
Active
$1,180,000
Condo43 W 61ST Street #10D
Lincoln Square
