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
$1,100,000
Condo150 W 56TH Street #2810
Midtown
Active
$1,100,000
Condo155 W 68th Street #227
Lincoln Square
Active
$1,100,000
Co-op200 E End Avenue #11DE
Upper East Side
Active
$1,100,000
Multi Family95 E 37th Street
East Flatbush
Active
$1,100,000
Condo117 E 57th Street #25G
Midtown East
Active
$1,100,000
Condo120 RIVERSIDE Boulevard #3P
Lincoln Square
Active
$1,100,000
Co-op101 W 12th Street #5K
West Village
Active
$1,100,000
Co-op101 W 12th Street #12K
West Village
Active
$1,100,000
Condo45-40 VERNON Boulevard #10G
Hunters Point
Active
$1,100,000
Co-op270 W 11TH Street #2H
West Village
Active
$1,100,000
Condo21-30 44th Drive #PHF
Long Island City
Active
$1,100,000
Co-op410 W 24TH Street #16K
Chelsea
Active
$1,100,000
Condo362 15th Street #3F
Park Slope
Active
$1,100,000
Condo454 W 54th Street #4-K
Hell's Kitchen
Active
$1,100,000
Co-op220 Madison Avenue #11/12K
Midtown
Active
$1,100,000
Co-op800 Riverside Drive #1C
Washington Heights
Active
$1,100,000
Condo350 W 53rd Street #6D
Hell's Kitchen
Active
$1,100,000
Co-op625 Main Street #1133
Roosevelt Island
Active
$1,100,000
Condo325 Lexington Avenue #10D
Murray Hill
Active
$1,100,000
Condo150 W 56TH Street #3105
Midtown
Active
$1,100,000
Condo69 Berry Street #L1
Williamsburg
Active
$1,100,000
Co-op417 Grand Street #D1805
Lower East Side
Active
$1,100,000
Condo715 Park Avenue #3-E
Upper East Side
Active
$1,100,000
Condo124 Washington Avenue #1A
Clinton Hill
