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-op401 W END Avenue #2B
Upper West Side
Active
$1,049,950
Multi Family2819 ALBEMARLE Road
Flatbush
Active
$1,049,900
Co-op31 W 16th Street #2
Flatiron
Active
$1,049,888
Multi Family34 CORBIN Place
Brighton Beach
Active
$1,049,000
Condo200 E 69TH Street #6N
Lenox Hill
Active
$1,049,000
Condo17 Dodworth Street #1
Bushwick
Active
$1,049,000
Condo34 N 7th Street #5D
Williamsburg
Active
$1,049,000
Condo123 Washington Street #44F
Financial District
Active
$1,049,000
Condo12 LAWTON Street #1
Bushwick
Active
$1,049,000
Condo111 FULTON Street #308
South Street Seaport
Active
$1,049,000
Co-op190 E 72ND Street #22C
Lenox Hill
Active
$1,048,000
Condo200 Riverside Boulevard #408
Lincoln Square
Active
$1,048,000
Single Family Residence5600 MOSHOLU Avenue
North Riverdale
Active
$1,047,000
Condo11-50 45TH Road #3L
Flushing
Active
$1,045,000
Condo88 GREENWICH Street #1704
Financial District
Active
$1,045,000
Co-op520 E 76th Street #PHD
Lenox Hill
Active
$1,045,000
Co-op13 W 13TH Street #5FS
Greenwich Village
Active
$1,040,000
Condo18 W 48th Street #17C
Midtown
Active
$1,040,000
Condo445 5th Avenue #3-A
Park Slope
Active
$1,039,000
Condo370 LENOX Avenue #5
Central Harlem
Active
$1,038,000
Co-op69-11 YELLOWSTONE Boulevard #A41
Forest Hills
Active
$1,035,000
Condop400 E 84TH Street #10A
Yorkville
Active
$1,035,000
Condo547 W 47TH Street #521
Hell's Kitchen
Active
$1,035,000
Condo445 5th Avenue #5-A
Park Slope
