1,008 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
$2,450,000
Condo401 W 37TH Street #8BS
Hudson Yards
Active
$2,450,000
Co-op145 NASSAU Street #2D
South Street Seaport
Active
$2,450,000
Multi Family80 W 119TH Street
South Harlem
Active
$2,450,000
Co-op225 E 73rd Street #7C
Lenox Hill
Active
$2,450,000
Condo21-21 31st Street #PH-A
Ditmars Steinway
Active
$2,450,000
Multi Family103 Cooper Street
Bushwick
Active
$2,450,000
Triplex246 W 132nd Street #TH
Harlem
Active
$2,450,000
Condo845 UNITED NATIONS Plaza #42E
Turtle Bay
Active
$2,450,000
Co-op69 5th Avenue #17J
Flatiron
Active
$2,450,000
Multi Family807 Lincoln Place
Crown Heights
Active
$2,450,000
Condo50 BRIDGE PARK Drive #25E
Brooklyn Heights
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
Single Family Residence389 Bainbridge Street
Bedford-Stuyvesant
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
Multi Family1448 PACIFIC Street
Crown Heights
Active
$2,448,000
Multi Family155 W 9th Street
Carroll Gardens
Active
$2,430,000
Multi Family225 MADISON Street
Bedford-Stuyvesant
Active
$2,425,000
Condo349 W 51ST Street #4A
Hell's Kitchen
