1,005 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
$2,395,000
Co-op20 E 9TH Street #10V
Greenwich Village
Active
$2,395,000
Condo300 E 55TH Street #11D
Sutton Place
Active
$2,395,000
Condo100 JAY Street #20H
DUMBO
Active
$2,395,000
Condo311 W BROADWAY #4C
SoHo
Active
$2,395,000
Co-op103 E 84TH Street #8C
Upper East Side
Active
$2,395,000
Condo210 Lafayette Street #5D
SoHo
Active
$2,395,000
Condo127 KENT Avenue #3C
Williamsburg
Active
$2,395,000
Condo179 19th Street #A
Greenwood Heights
Active
$2,395,000
Condo447 W 18TH Street #2A
Chelsea
Active
$2,395,000
Condo721 Fifth Avenue #41E
Midtown
Active
$2,395,000
Condo30 Park Place #41-C
Tribeca
Active
$2,395,000
Co-op35 PARK Avenue #11D
Murray Hill
Active
$2,395,000
Condo225 5TH Avenue #5C
NoMad
Active
$2,395,000
Condo545 W 110TH Street #9D
Morningside Heights
Active
$2,395,000
Co-op467 W 22ND Street #E
Chelsea
Active
$2,395,000
Condo146 W 57TH Street #40D
Midtown
Active
$2,395,000
Co-op262 CENTRAL Park W #3D
Upper West Side
Active
$2,395,000
Condo100 Ave A #PHB
East Village
Active
$2,395,000
Co-op7 W 96TH Street #11A
Upper West Side
Active
$2,394,999
Condo50 Riverside Boulevard #15-M
Lincoln Square
Active
$2,385,000
Co-op165 DUANE Street #3D
Tribeca
Active
$2,380,000
Mixed Use9104 3rd Avenue
Bay Ridge
Active
$2,375,000
Condo110 3rd Avenue #9-A
Greenwich Village
Active
$2,375,000
Condo2000 BROADWAY #11F
Lincoln Square
