1,011 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
$2,500,000
Multi Family37-47 76th Street #MULTI-FAMILY
Jackson Heights
Active
$2,500,000
Multi Family626 GREENE Avenue
Bedford-Stuyvesant
Active
$2,500,000
Single Family Residence7920 COLONIAL Road
Bay Ridge
Active
$2,500,000
Condo1 Bond Street #3D
NoHo
Active
$2,500,000
Condo250 W 96TH Street #17E
Upper West Side
Active
$2,500,000
Condo660 LEXINGTON Avenue #2B
Midtown East
Active
$2,500,000
Co-op128 CENTRAL Park S #11A
Central Park South
Active
$2,500,000
Co-op930 5TH Avenue #8F
Lenox Hill
Active
$2,500,000
Condop1 CITY Point #63H
Downtown Brooklyn
Active
$2,500,000
Condo115 4th Avenue #5C
Greenwich Village
Active
$2,500,000
Co-op714 Broadway #10
NoHo
Active
$2,500,000
Condo85 FLEET Street #54B
Downtown Brooklyn
Active
$2,500,000
Co-op320 W 87TH Street #4E
Upper West Side
Active
$2,500,000
Multi Family311 W 112th Street
West Harlem
Active
$2,499,999
Co-op55 LIBERTY Street #19/20A
Financial District
Active
$2,499,000
Condo66 CLINTON Street #5A
Lower East Side
Active
$2,499,000
Multi Family94 Hawthorne Street
Prospect Lefferts Gardens
Active
$2,499,000
Multi Family751 Franklin Avenue
Crown Heights
$2,499,000
Single Family Residence438 W 162ND Street
Washington Heights
Active
$2,498,000
Mixed Use4801 16TH Avenue
Borough Park
Active
$2,495,000
Co-op1065 Park Avenue #10CD
Upper East Side
Active
$2,495,000
Condo171 E 84TH Street #20C
Upper East Side
Active
$2,495,000
Condo618 Washington Avenue #PH2
Prospect Heights
Active
$2,495,000
Condo200 E 66th Street #D-1403
Upper East Side
