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
$2,490,000
Condo460 W 42ND Street #PH3F
Hell's Kitchen
Active
$2,490,000
Condo640 W 237TH Street #20B
Central Riverdale
Active
$2,490,000
Condo252 7TH Avenue #10F
Chelsea
Active
$2,490,000
Multi Family183 19TH Street
Greenwood Heights
Active
$2,480,000
Condo151 W 21ST Street #4B
Chelsea
Active
$2,480,000
Condo501 3RD Avenue #30D
Kips Bay
Active
$2,475,000
Rental774 GREENE Avenue #TH
Stuyvesant Heights
Active
$2,475,000
Condo303 PARK Avenue #2026
Midtown East
Active
$2,475,000
Condo71 Park Avenue #3B
Murray Hill
Active
$2,475,000
Condo212 E 57TH Street #21A
Sutton Place
Active
$2,475,000
Co-op22 W 26TH Street #2B
NoMad
Active
$2,475,000
Condo543 W 122ND Street #7H
Morningside Heights
Active
$2,475,000
Condo75 KENMARE Street #2J
Nolita
Active
$2,475,000
Condo25 Central Park W #5Y
Upper West Side
Active
$2,475,000
Mixed Use1341 FULTON Street
Bedford-Stuyvesant
Active
$2,475,000
Condo25 5th Avenue #12F
Greenwich Village
Active
$2,475,000
Condo300 E 55TH Street #16D
Sutton Place
Active
$2,475,000
Condo222 E BROADWAY #4A
Lower East Side
Active
$2,475,000
Co-op157 W 78th Street #PH
Upper West Side
Active
$2,475,000
Condo20 W 15TH Street #6
Flatiron
Active
$2,465,000
Condo252 SOUTH Street #57F
Two Bridges
Active
$2,465,000
Condo252 South Street #57F
Chinatown
Active
$2,460,000
Single Family Residence1487 E 14TH Street
Midwood
Active
$2,460,000
Condo720 W END Avenue #3A
Upper West Side
