1,004 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
$2,398,000
Multi Family393 ROGERS Avenue
Prospect Lefferts Gardens
Active
$2,398,000
Condo100 N 3rd Street #2C
Williamsburg
Active
$2,398,000
Condo40 E 78th Street #6B
Upper East Side
Active
$2,398,000
Multi Family367 JEFFERSON Avenue
Bedford-Stuyvesant
Active
$2,395,000
Condo388 Bridge Street #PH45AB
Downtown Brooklyn
Active
$2,395,000
Multi Family156 Willoughby Avenue
Clinton Hill
Active
$2,395,000
Co-op10 W 66TH Street #14G
Lincoln Square
Active
$2,395,000
Co-op860 UNITED NATIONS Plaza #13E
Beekman
Active
$2,395,000
Condo2 River Terrace #4-M
Battery Park City
Active
$2,395,000
Co-op27 W 67TH Street #8REW
Lincoln Square
Active
$2,395,000
Condo236 W 24th Street #GARDEN
Chelsea
Active
$2,395,000
Condo200 RIVERSIDE Boulevard #37D
Lincoln Square
Active
$2,395,000
Condo75 WALL Street #35C
Financial District
Active
$2,395,000
Multi Family135 W 122ND Street
South Harlem
Active
$2,395,000
Co-op443 W 24th Street #G
Chelsea
Active
$2,395,000
Multi Family972A ST JOHNS Place
Crown Heights
Active
$2,395,000
Condo388 Bridge Street #38AB
Downtown Brooklyn
Active
$2,395,000
Condo400 PARK Avenue S #24A
NoMad
Active
$2,395,000
Condop333 E 91ST Street #8A
Yorkville
Active
$2,395,000
Condo205 Water Street #7E
Dumbo
Active
$2,395,000
Condo426 W BROADWAY #5G
SoHo
Active
$2,395,000
Co-op255 W 98th Street #7-AD
Upper West Side
Active
$2,395,000
Multi Family112 MALCOLM X Boulevard
Stuyvesant Heights
Active
$2,395,000
Co-op20 E 9TH Street #10V
Greenwich Village
