720 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
$2,045,000
Condo252 7TH Avenue #5T
Chelsea
Active
$2,000,000
Multi Family475 E 115TH Street
East Harlem
Active
$2,000,000
Co-op200 CENTRAL Park S #8R
Central Park South
Active
$2,000,000
Co-op33 W 67th Street #FE
Upper West Side
Active
$2,000,000
Condo100 Riverside Boulevard #21A
Upper West Side
Active
$2,000,000
Co-op425 E 58TH Street #14D
Sutton Place
Active
$2,000,000
Co-op891 PARK Avenue #FLR10
Lenox Hill
Active
$2,000,000
Condo439 W 36TH Street #2A
Hudson Yards
Active
$2,000,000
Condo218 W 103rd Street #11E
Manhattan Valley
Active
$2,000,000
Condo20 PINE Street #907/908
Financial District
Active
$2,000,000
Co-op165 CHRISTOPHER Street #3KL
West Village
Active
$2,000,000
Condo1474 3RD Avenue #3S
Upper East Side
Active
$2,000,000
Co-op55 E 72ND Street #11N
Lenox Hill
Active
$2,000,000
Co-op731 Greenwich Street #2
West Village
Active
$2,000,000
Condo60 W 20th Street #5M
Flatiron
Active
$2,000,000
Multi Family531 W 149TH Street
Hamilton Heights
Active
$2,000,000
Condo427 E 12TH Street #1A
East Village
Active
$2,000,000
Multi Family621 W 138th Street
Hamilton Heights
Active
$2,000,000
Co-op258 Broadway #3G
Tribeca
Active
$2,000,000
Rental276 W 113TH Street #FAM
South Harlem
Active
$2,000,000
Condo515 E 72ND Street #17F
Lenox Hill
Active
$2,000,000
Condo385 1st Avenue #15F
Gramercy Park
Active
$2,000,000
Multi Family10 E 129th Street #TH
East Harlem
Active
$2,000,000
Condo445 W 54TH Street #1E
Hell's Kitchen
