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
Co-op1000 PARK Avenue #7F
Upper East Side
Active
$1,150,000
Condo400 W 38TH Street #2EN
Hudson Yards
Active
$1,150,000
Condo70 W 45TH Street #29A
Midtown
Active
$1,150,000
Condo200 E 69th Street #19E
Lenox Hill
Active
$1,149,000
Condo15 ST MARKS Place #6A
East Village
Active
$1,149,000
Co-op301 E 64TH Street #2G
Lenox Hill
Active
$1,149,000
Condo111 Fulton Street #806
Financial District
Active
$1,147,750
Condo58-01 Queens Boulevard #6-E
Woodside
$1,145,000
Condo429 Kent Avenue #706
Williamsburg
Active
$1,145,000
Condo22-54 46th Street #504
Ditmars Steinway
Active
$1,145,000
Co-op310 W END Avenue #8D
Upper West Side
Active
$1,143,000
Condo355 W 39TH Street #8B
Hudson Yards
Active
$1,142,500
Condo75 KINGSLAND Avenue #4B
Williamsburg
Active
$1,141,520
Condo138-32 Northern Boulevard #7A
Flushing
Active
$1,140,000
Condo11-50 45TH Road #2K
Flushing
Active
$1,140,000
Condo200 E 94TH Street #1012
Yorkville
Active
$1,140,000
Condo184 KENT Avenue #A616
Williamsburg
Active
$1,135,000
Condo140 7TH Avenue #7E
Chelsea
Active
$1,135,000
Condo123 WASHINGTON Street #39A
Financial District
Active
$1,135,000
Condo3 Court Square #910
Long Island City
Active
$1,129,000
Co-op160 E 3rd Street #2F
East Village
Active
$1,125,000
Condo5 E 44TH Street #4A
Midtown East
Active
$1,125,000
Co-op555 Main Street #805
Roosevelt Island
Active
$1,125,000
Co-op400 W 58th Street #3JK
Hell's Kitchen
