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
Condo222 E BROADWAY #9A
Lower East Side
Active
$1,095,000
Co-op1020 GRAND CONCOURSE #PHA
Concourse Village
Active
$1,095,000
Condo176 Frost Street #3-A
East Williamsburg
$1,089,000
Multi Family1219 HALSEY Street
Bushwick
Active
$1,089,000
Condo379 OCEAN Parkway #PHA
Kensington
Active
$1,089,000
Condo380 RECTOR Place #3F
Battery Park City
Active
$1,089,000
Co-op875 W 181st Street #3-J
Hudson Heights
Active
$1,085,000
Condo415 E 37th Street #37-N
Murray Hill
Active
$1,085,000
Condo24 DUNHAM Place #2A
Williamsburg
Active
$1,085,000
Condo234 E 46TH Street #1401
Turtle Bay
Active
$1,080,000
Condo24-01 Queens Plaza N #407
Long Island City
Active
$1,080,000
Condo220 E 65th Street #11-J
Upper East Side
Active
$1,080,000
Condo400 Park Avenue S #23G
NoMad
Active
$1,080,000
Condo78 HARMAN Street #TWNHS
Bushwick
Active
$1,079,000
Multi Family912 BROOKLYN Avenue
East Flatbush
Active
$1,079,000
Condo379 OCEAN Parkway #PHB
Kensington
Active
$1,075,000
Condo70-28 Grand Central Parkway #302
Forest Hills
Active
$1,075,000
Co-op1725 YORK Avenue #31H
Yorkville
Active
$1,075,000
Condo100 Scholes Street #3-B
Williamsburg
$1,075,000
Co-op150 E 61ST Street #10C
Lenox Hill
Active
$1,075,000
Single Family Residence42 1/2 Adrian Avenue
Marble Hill
Active
$1,075,000
Co-op625 Main Street #733
Roosevelt Island
Active
$1,075,000
Condo5 W 127th Street #PHB
Central Harlem
Active
$1,075,000
Condo415 E 37th Street #17N
Murray Hill
