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
$1,150,000
Multi Family1564 Kimball Street
Marine Park
Active
$1,150,000
Condo15 WILLIAM Street #28G
Financial District
Active
$1,150,000
Condo1200 5TH Avenue #15D
East Harlem
Active
$1,150,000
Co-op42-14 Crescent Street #12A
Long Island City
Active
$1,150,000
Condo416 W 52ND Street #317
Hell's Kitchen
Active
$1,150,000
Condo176 Johnson Street #4-A
Downtown Brooklyn
$1,150,000
Multi Family344 W 121st Street
Harlem
Active
$1,150,000
Co-op152 E 35TH Street #3/4G
Murray Hill
Active
$1,150,000
Multi Family413 68th Street
Bay Ridge
Active
$1,150,000
Condo118 Clinton Avenue #2A
Clinton Hill
Active
$1,150,000
Condo757 FLATBUSH Avenue #407
Flatbush
Active
$1,150,000
Condop300 E 40TH Street #22J
Murray Hill
Active
$1,150,000
Condo533 E 12th Street #7B
East Village
Active
$1,150,000
Condo696 Chauncey Street #TWNHSE
Bushwick
Active
$1,150,000
Co-op150 Central Park S #503
Midtown West
Active
$1,150,000
Condo55 WALL Street #520
Financial District
Active
$1,150,000
Condo330 E 38TH Street #50F
Murray Hill
Active
$1,150,000
Co-op230 CENTRAL Park W #4K
Upper West Side
Active
$1,150,000
Condop12 W 9TH Street #6C
Greenwich Village
Active
$1,150,000
Condo110 E 87TH Street #9B
Carnegie Hill
Active
$1,150,000
Condo260 N 9th Street #6C
Williamsburg
Active
$1,150,000
Co-op1060 Park Avenue #11A
Upper East Side
Active
$1,150,000
Co-op215 W 91ST Street #47
Upper West Side
Active
$1,150,000
Condo24-01 Queens Plaza N #808
Long Island City
