718 properties priced between $2M and $3M
Buying a $2M to $3M apartment in NYC puts the purchase in the second mansion tax bracket: 1.25% of the full price, paid by the buyer at closing, so a $2,000,000 contract owes $25,000 and a $2,500,000 contract owes $31,250. A contract at exactly $3,000,000 moves into the 1.50% bracket and owes $45,000, while a $1,999,999 purchase stays in the 1.00% bracket.
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) |
|---|---|---|---|
| $1,999,999 | 1.00% | $1,999,999 x 0.0100 | $19,999.99 |
| $2,000,000 | 1.25% | $2,000,000 x 0.0125 | $25,000 |
| $2,500,000 | 1.25% | $2,500,000 x 0.0125 | $31,250 |
| $2,990,000 | 1.25% | $2,990,000 x 0.0125 | $37,375 |
| $3,000,000 | 1.50% | $3,000,000 x 0.0150 | $45,000 |
The $2M to $3M band in Manhattan covers two and three bedroom condos in full-service buildings, larger pre-war co-ops, and some townhouses. Every purchase in this band pays the NYC mansion tax at 1.25% of the purchase price, a cash cost at closing that a mortgage will not cover.
I work with buyers across all five boroughs at this price point. Read the mansion tax guide or schedule a consultation to plan your search.
Active
$2,495,000
Condo1 W END Avenue #18G
Lincoln Square
Active
$2,495,000
Condop10 CHRISTOPHER Street #1E
West Village
Active
$2,495,000
Condo310 W 52ND Street #6E
Hell's Kitchen
Active
$2,495,000
Condo146 W 57TH Street #39D
Midtown
Active
$2,495,000
Condo695 1ST Avenue #39K
Murray Hill
Active
$2,495,000
Co-op233 W 26TH Street #1RW
Chelsea
Active
$2,495,000
Condo205 E 76th Street #3
Lenox Hill
Active
$2,495,000
Condo135 W 52ND Street #30B
Midtown
Active
$2,495,000
Condo350 E 18TH Street #5
Gramercy Park
Active
$2,495,000
Co-op15 W 72nd Street #25F
Upper West Side
Active
$2,495,000
Condo165 Lexington Avenue #8B
Kips Bay
Active
$2,495,000
Condo203 W 90th Street #7H
Upper West Side
Active
$2,495,000
Condo50 Riverside Boulevard #5-B
Lincoln Square
Active
$2,495,000
Co-op55 E End Avenue #12HJ
Upper East Side
Active
$2,495,000
Co-op114 W 27th Street #4S
Chelsea
Active
$2,495,000
Co-op119 W 71ST Street #2B
Lincoln Square
Active
$2,495,000
Condo30 PARK Place #42C
Tribeca
Active
$2,495,000
Condo11 E 29th Street #20A
Flatiron
Active
$2,495,000
Condo345 E 80TH Street #19EF
Yorkville
Active
$2,495,000
Co-op70 W 36TH Street #5C
Midtown
Active
$2,495,000
Co-op120 Central Park S #6AB
Central Park South
Active
$2,495,000
Co-op410 E 57th Street #PHAB
Sutton Place
Active
$2,490,000
Condo460 W 42ND Street #PH3F
Hell's Kitchen
Active
$2,490,000
Condo252 7TH Avenue #10F
Chelsea
