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
$1,180,000
Co-op555 Main Street #512
Roosevelt Island
Active
$1,175,000
Condo140 W 57TH Street #5D
Midtown
Active
$1,175,000
Condo717 Grand Street #303
Williamsburg
Active
$1,175,000
Condo21-30 44TH Drive #5A
Long Island City
Active
$1,175,000
Co-op107 E 36TH Street #4A
Murray Hill
Active
$1,175,000
Condo25-23 NEWTOWN Avenue #2D
Astoria
Active
$1,175,000
Co-op3 Hanover Square #13C
Financial District
Active
$1,175,000
Condo246 Withers Street #3F
Williamsburg
Active
$1,175,000
Co-op380 RIVERSIDE Drive #6Q
Morningside Heights
Active
$1,175,000
Condo247 W 46th Street #1404
Midtown
Active
$1,175,000
Co-op625 Main Street #834
Roosevelt Island
Active
$1,175,000
Condo380 Rector Place #7F
Battery Park City
Active
$1,175,000
Co-op45 Sutton Place S #1-B
Sutton Place
Active
$1,175,000
Condo64-05 YELLOWSTONE Boulevard #509P
Forest Hills
Active
$1,175,000
Condo100 Riverside Boulevard #10-A
Lincoln Square
Active
$1,175,000
Co-op425 Park Avenue S #16-B
NoMad
Active
$1,175,000
Condo18 W 48TH Street #16E
Midtown
Active
$1,175,000
Condo10 W END Avenue #6F
Lincoln Square
Active
$1,175,000
Condo80 CHAMBERS Street #10B
Tribeca
Active
$1,175,000
Co-op77 BLEECKER Street #109
Greenwich Village
Active
$1,175,000
Co-op242 E 19TH Street #2C
Gramercy Park
Active
$1,175,000
Condo11 HOYT Street #45B
Downtown Brooklyn
Active
$1,175,000
Co-op181 E 73rd Street #6D
Lenox Hill
Active
$1,175,000
Co-op65 W 95TH Street #6A
Upper West Side
