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
$2,450,000
Co-op69 5th Avenue #17J
Flatiron
Active
$2,450,000
Condo311 W Broadway #4D
SoHo
Active
$2,450,000
Co-op860 5TH Avenue #8FG
Lenox Hill
Active
$2,450,000
Condo53 W 53RD Street #15I
Midtown
Active
$2,450,000
Co-op139 E 66th Street #5S
Lenox Hill
Active
$2,450,000
Co-op135 HUDSON Street #6F
Tribeca
Active
$2,450,000
Condo325 5TH Avenue #41D
Midtown
Active
$2,450,000
Condo543 W 122ND Street #6H
Morningside Heights
Active
$2,450,000
Co-op196 E 75th Street #4GH
Lenox Hill
Active
$2,449,000
Condo32 E 1st Street #4D
East Village
Active
$2,425,000
Condo349 W 51ST Street #4A
Hell's Kitchen
Active
$2,425,000
Condo408 E 79TH Street #14C
Lenox Hill
Active
$2,422,500
Co-op20 RIVER Terrace #8M
Battery Park City
Active
$2,415,000
Condo125 GREENWICH Street #74D
Financial District
Active
$2,415,000
Condo38 E 35TH Street #4E
Murray Hill
Active
$2,410,000
Condo100 CLAREMONT Avenue #20B
Morningside Heights
Active
$2,400,000
Co-op190 E 72ND Street #17AB
Lenox Hill
Active
$2,400,000
Condo10 LITTLE WEST Street #24G
Battery Park City
Active
$2,400,000
Co-op425 E 58th Street #20E
Sutton Place
Active
$2,400,000
Condo66 LEONARD Street #7D
Tribeca
Active
$2,400,000
Condo137 E 13th Street #1A
Gramercy Park
Active
$2,400,000
Co-op140 W END Avenue #21U
Lincoln Square
Active
$2,400,000
Co-op222 PARK Avenue S #9D
Flatiron
Active
$2,400,000
Co-op1435 Lexington Avenue #11E
Upper East Side
