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
$1,030,000
Condo15 WILLIAM Street #20B
Financial District
Active
$1,029,000
Single Family Residence2136 E 28th Street
Sheepshead Bay
Active
$1,025,000
Co-op750 PARK Avenue #3B
Lenox Hill
Active
$1,025,000
Condo46-30 Center Boulevard #203
Long Island City
Active
$1,025,000
Condo1230 PUTNAM Avenue #1
Bushwick
Active
$1,025,000
Condo145 E 48th Street #29F
Midtown East
Active
$1,025,000
Condo340 E 23RD Street #9A
Gramercy Park
Active
$1,025,000
Condo1 HANSON Place #13C
Fort Greene
Active
$1,025,000
Condo701 PROSPECT Place #404
Crown Heights
Active
$1,025,000
Condo350 W 42ND Street #43F
Hell's Kitchen
Active
$1,025,000
Co-op405 E 82ND Street #5HJ
Yorkville
Active
$1,025,000
Condo87 WINTHROP Street #3B
Prospect Lefferts Gardens
Active
$1,019,000
Condo300 E 64th Street #14B
Lenox Hill
Active
$1,005,000
Condo25 Broad Street #18-R
Financial District
Active
$1,001,000
Condo11-37 44TH Drive #PH9
Long Island City
Active
$1,000,000
Condo372 CENTRAL Park W #11M
Upper West Side
Active
$1,000,000
Condo206 E 95TH Street #16A
Yorkville
Active
$1,000,000
Condo50 PINE Street #PH12S
Financial District
Active
$1,000,000
Co-op414 3RD Street #3R/4R
Park Slope
Active
$1,000,000
Co-op211 CENTRAL Park W #1K
Upper West Side
Active
$1,000,000
Co-op330 E 70TH Street #4E
Lenox Hill
Active
$1,000,000
Condo1 Wall Street #725
Financial District
Active
$1,000,000
Multi Family170 E 96TH Street
Brownsville
Active
$1,000,000
Co-op326 E 30th Street #1
Kips Bay
