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
$1,075,000
Condo1230 Bedford Avenue #2F
Bedford-Stuyvesant
Active
$1,075,000
Condo201 E 36TH Street #17D
Murray Hill
Active
$1,075,000
Co-op2 KING Street #7E
SoHo
Active
$1,075,000
Condo355A HALSEY Street #2
Stuyvesant Heights
Active
$1,075,000
Co-op305 E 40TH Street #15L
Murray Hill
Active
$1,075,000
Co-op434 E 52ND Street #6AB
Beekman
Active
$1,075,000
Co-op14 Sutton Place S #1B
Sutton Place
Active
$1,075,000
Condo140 E 63RD Street #5F
Lenox Hill
Active
$1,075,000
Condo338 Devoe Street #2A
East Williamsburg
Active
$1,075,000
Condo40 W 116th Street #A811
Harlem
Active
$1,070,000
Co-op100 W 94TH Street #19F
Upper West Side
Active
$1,070,000
Condo445 5th Avenue #PH-D
Park Slope
Active
$1,069,000
Co-op205 W END Avenue #15J
Lincoln Square
Active
$1,065,000
Condo11-36 45TH Road #202B
Long Island City
Active
$1,065,000
Condo188 E 64TH Street #901
Lenox Hill
Active
$1,060,000
Condo100 Riverside Boulevard #6A
Upper West Side
Active
$1,060,000
Condo1890 ADAM C POWELL Boulevard #5A
South Harlem
Active
$1,050,500
Condo140 Hillside Avenue #B-PH
Washington Heights
Active
$1,050,000
Condo28-08 21st Street #PH-A
Astoria
Active
$1,050,000
Condo350 W 42nd Street #53-F
Hell's Kitchen
Active
$1,050,000
Condo208 DELANCEY Street #4G
Lower East Side
Active
$1,050,000
Co-op455 E 51st Street #6B
Midtown East
Active
$1,050,000
Condo254 PARK Avenue S #3R
Flatiron
Active
$1,050,000
Condo48-15 11th Street #2-G
Long Island City
