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
$1,175,000
Condo29 Montrose Avenue #5B
Williamsburg
Active
$1,175,000
Condo540 W 49TH Street #506N
Hell's Kitchen
Active
$1,174,900
Condo96 Woodpoint Road #3-A
East Williamsburg
Active
$1,174,000
Condo710 Metropolitan Avenue #1E
East Williamsburg
Active
$1,170,000
Multi Family9133 AVE N
Canarsie
Active
$1,169,888
Condo20 Pine Street #2114
Financial District
Active
$1,165,500
Condo140 E 63rd Street #4MN
Lenox Hill
Active
$1,165,000
Condo165 Lexington Avenue #4D
Kips Bay
Active
$1,165,000
Condo23 OCEAN Parkway #5H
Windsor Terrace
Active
$1,165,000
Co-op176 Sterling Place #6R
Park Slope
Active
$1,165,000
Condo200 E 61ST Street #8A
Lenox Hill
Active
$1,162,500
Condo230 ASHLAND Place #11D
Fort Greene
Active
$1,160,000
Condo200 W 78TH Street #4A
Upper West Side
Active
$1,160,000
Multi Family147-19 84TH Road
Briarwood
Active
$1,160,000
Condo415 E 37th Street #18N
Murray Hill
$1,160,000
Condo3 COURT Square #2509
Long Island City
Active
$1,159,000
Single Family Residence244-19 Grand Central Parkway
Douglaston
Active
$1,155,000
Condo222 E BROADWAY #7A
Lower East Side
Active
$1,155,000
Condo109-19 72nd Road #4E
Forest Hills
Active
$1,150,000
Condo220 Schaefer Street #1
Bushwick
Active
$1,150,000
Co-op530 E 72ND Street #17D
Lenox Hill
$1,150,000
Rental1159 FTELEY Avenue #4
Soundview
Active
$1,150,000
Condo38 E 35TH Street #3K
Murray Hill
Active
$1,150,000
Co-op531 MAIN Street #1213
Roosevelt Island
