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
Condo505 W 43RD Street #12J
Hell's Kitchen
Active
$1,150,000
Co-op50 SUTTON Place S #3C
Sutton Place
Active
$1,150,000
Condo289 SCHERMERHORN Street #4F
Downtown Brooklyn
Active
$1,150,000
Co-op200 E 90TH Street #12G
Yorkville
Active
$1,150,000
Condo150 Rivington Street #4B
Lower East Side
$1,150,000
Co-op150 BURNS Street #5H
Forest Hills
Active
$1,150,000
Co-op111 4TH Avenue #7C
East Village
Active
$1,150,000
Co-op625 Main Street #1432
Roosevelt Island
Active
$1,150,000
Co-op20 River Terrace #4J
Battery Park City
Active
$1,150,000
Condo376 Broadway #3-F
Tribeca
Active
$1,150,000
Co-op1864 ADAM C POWELL Boulevard #74
South Harlem
Active
$1,150,000
Multi Family487 E 93rd Street
Brownsville
Active
$1,150,000
Single Family Residence160 Coverly Avenue
Emerson Hill
Active
$1,150,000
Condo3220 ARLINGTON Avenue #3A
Central Riverdale
Active
$1,150,000
Co-op181 E 73RD Street #14G
Lenox Hill
Active
$1,150,000
Condo350 W 42nd Street #42H
Hell's Kitchen
Active
$1,150,000
Co-op155 W 20th Street #4G
Chelsea
Active
$1,150,000
Co-op387 Grand Street #K1405
Lower East Side
Active
$1,150,000
Co-op920 Union Street #1A
Park Slope
Active
$1,150,000
Multi Family27 Hubbard Place
East Flatbush
Active
$1,150,000
Condo23 Ocean Parkway #7H
Windsor Terrace
Active
$1,150,000
Single Family Residence5637 DELAFIELD Avenue
North Riverdale
Active
$1,150,000
Condo2521 PALISADE Avenue #8C
Spuyten Duyvil
Active
$1,150,000
Condo146 W 57th Street #38E
Midtown
