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
$1,095,000
Condo300 W 122ND Street #3H
South Harlem
Active
$1,095,000
Condo140 W 57TH Street #3D
Midtown
Active
$1,095,000
Condo1230 BEDFORD Avenue #3R
Bedford-Stuyvesant
Active
$1,095,000
Condo75 WALL Street #37K
Financial District
Active
$1,095,000
Co-op67 E 11th Street #517
Greenwich Village
Active
$1,095,000
Condo340 E 64TH Street #11A
Lenox Hill
Active
$1,095,000
Condo40 Huntington Street #2C
Red Hook
Active
$1,095,000
Co-op170 E 88TH Street #2B
Carnegie Hill
Active
$1,095,000
Co-op253 W 16th Street #1B
Chelsea
Active
$1,095,000
Condo2101 8th Avenue #PH10B
Harlem
Active
$1,095,000
Multi Family704 E 103rd Street #THS
Canarsie
Active
$1,095,000
Condo15 BROAD Street #1606
Financial District
Active
$1,095,000
Condo211 Madison Avenue #4-B
Murray Hill
Active
$1,095,000
Co-op60 SUTTON Place S #7KN
Sutton Place
Active
$1,095,000
Condop343 E 74th Street #19D
Lenox Hill
Active
$1,095,000
Condo21-11 31st Street #4-K
Ditmars Steinway
Active
$1,095,000
Co-op141 Lafayette Avenue #A
Fort Greene
Active
$1,095,000
Co-op205 W 57TH Street #10DC
Central Park South
Active
$1,095,000
Condo46 KOSSUTH Place #1A
Bushwick
Active
$1,095,000
Condo340 E 64TH Street #11F
Lenox Hill
Active
$1,095,000
Co-op120 E 36TH Street #10H
Murray Hill
Active
$1,095,000
Condo10-17 Jackson Avenue #PH-8I
Long Island City
Active
$1,095,000
Condo1152 LAFAYETTE Avenue #4B
Bushwick
Active
$1,095,000
Co-op145 E 15TH Street #15T
Gramercy Park
