1,013 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 NYC 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
$2,999,500
Multi Family253 Rutland Road #townhouse
Prospect Lefferts Gardens
Active
$2,999,000
Single Family Residence312 MAC DONOUGH Street
Stuyvesant Heights
Active
$2,999,000
Co-op300 W 109TH Street #3LMR
Upper West Side
Active
$2,999,000
Multi Family177 JAVA Street
Greenpoint
Active
$2,999,000
Condo30 E 29th Street #9-A
NoMad
Active
$2,999,000
Co-op196 E 75TH Street #3A
Lenox Hill
Active
$2,999,000
Condo421 Hudson Street #221
West Village
Active
$2,999,000
Co-op245 E 87th Street #PH
Upper East Side
Active
$2,999,000
Co-op870 United Nations Plaza #22F
Midtown East
Active
$2,998,000
Condo135 W 52ND Street #31B
Midtown
Active
$2,998,000
Mixed Use3429 Atlantic Avenue
Cypress Hills
Active
$2,998,000
Condo106 DUANE Street #COM
Tribeca
Active
$2,998,000
Co-op874 Broadway #701
Flatiron
Active
$2,995,000
Condo130 WILLIAM Street #L57A
South Street Seaport
Active
$2,995,000
Condo40 E 61st Street #12C
Lenox Hill
Active
$2,995,000
Co-op11 E 87TH Street #10FGH
Carnegie Hill
Active
$2,995,000
Condo25 Park Row #12A
Financial District
Active
$2,995,000
Condo235 W 75th Street #510
Upper West Side
Active
$2,995,000
Condo125 GREENWICH Street #21D
Financial District
Active
$2,995,000
Condo1 Central Park W #1202
Upper West Side
Active
$2,995,000
Condo34 N 7TH Street #TH3
Williamsburg
Active
$2,995,000
Condo63 W 17th Street #5B
Flatiron
Active
$2,995,000
Mixed Use320 TOMPKINS Avenue
Bedford-Stuyvesant
Active
$2,995,000
Condo177 E 77TH Street #5A
Lenox Hill
