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
$1,050,000
Co-op12 E 14TH Street #4F
Greenwich Village
Active
$1,050,000
Co-op299 PEARL Street #5E
South Street Seaport
Active
$1,050,000
Condo234 E 46TH Street #1505
Turtle Bay
Active
$1,050,000
Co-op27 E 65TH Street #4B
Lenox Hill
Active
$1,050,000
Condo325 Fifth Avenue #24F
Midtown
Active
$1,050,000
Condo88 GREENWICH Street #1907
Financial District
Active
$1,050,000
Condo3112 Emmons Avenue #209
Sheepshead Bay
Active
$1,050,000
Co-op9323 SHORE Road #3K
Fort Hamilton
Active
$1,050,000
Co-op268 E Broadway #A307
Lower East Side
Active
$1,050,000
Condo75 Wall Street #20P
Financial District
$1,050,000
Condo429 Kent Avenue #632
Williamsburg
Active
$1,050,000
Co-op315 W 70TH Street #16L
Lincoln Square
Active
$1,050,000
Condo75 WALL Street #37H
Financial District
Active
$1,050,000
Condo58-01 Queens Boulevard #11-D
Woodside
Active
$1,050,000
Condo220 E 65th Street #8J
Lenox Hill
Active
$1,050,000
Co-op375 Clinton Street #GARDEN
Carroll Gardens
Active
$1,050,000
Condo177 E 77TH Street #5B
Lenox Hill
Active
$1,050,000
Condo70 LITTLE WEST Street #12A
Battery Park City
Active
$1,050,000
Condo194 BAINBRIDGE Street #206
Stuyvesant Heights
Active
$1,050,000
Condo25 Broad Street #21-N
Financial District
Active
$1,050,000
Condo445 5th Avenue #21A
Midtown
Active
$1,050,000
Condo1-9 Mt Morris Park W #1C
Harlem
Active
$1,050,000
Condo310 W 52ND Street #5A
Hell's Kitchen
Active
$1,050,000
Condo5 E 22ND Street #3G
Flatiron
