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
Condo106 Central Park S #10H
Central Park South
Active
$1,100,000
Condo112-01 Queens Boulevard #21B
Forest Hills
Active
$1,100,000
Single Family Residence143-14 85th Drive
Briarwood
Active
$1,100,000
Multi Family10567 Flatlands 7th Street
Canarsie
Active
$1,100,000
Multi Family1451 Gates Avenue
Bushwick
Active
$1,100,000
Condo130 W 20th Street #4B
Chelsea
Active
$1,100,000
Mixed Use2005 Fulton Street
Bedford-Stuyvesant
Active
$1,099,999
Condo330 E 38th Street #47-C
Murray Hill
Active
$1,099,000
Multi Family2545 HUBBARD Street
Sheepshead Bay
Active
$1,099,000
Co-op71 Ocean Parkway #5N
Windsor Terrace
Active
$1,099,000
Condo100 Riverside Boulevard #9-A
Lincoln Square
Active
$1,099,000
Condo252 SOUTH Street #21F
Two Bridges
Active
$1,099,000
Condo365 BRIDGE Street #11G
Downtown Brooklyn
Active
$1,099,000
Condo2056 5th Avenue #6B
Central Harlem
Active
$1,099,000
Multi Family2346 Pacific Street
Crown Heights
Active
$1,099,000
Single Family Residence3242 IRWIN Avenue
Kingsbridge
Active
$1,099,000
Condo519 W 135th Street #5B
Hamilton Heights
Active
$1,099,000
Co-op137 GUERNSEY Street #3L
Greenpoint
Active
$1,099,000
Condo360 Furman Street #842
Brooklyn Heights
Active
$1,099,000
Apartment300 E 64th Street #8C
Lenox Hill
Active
$1,099,000
Condo220 W 148th Street #2-J
West Harlem
Active
$1,099,000
Condo29 HURON Street #4DW
Greenpoint
Active
$1,098,000
Single Family Residence293 85TH Avenue
Floral Park
Active
$1,098,000
Single Family Residence66-23 Selfridge Street
Forest Hills
