1,006 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
$2,375,000
Condo8 S 4th Street #4C
Williamsburg
Active
$2,375,000
Triplex311 EASTERN Parkway #GARDEN
Crown Heights
Active
$2,369,000
Condo401 W 37TH Street #9DS
Hudson Yards
Active
$2,358,000
Condo30 West Street #24-E
Battery Park City
Active
$2,350,000
Co-op40 W 17th Street #5A
Flatiron
Active
$2,350,000
Duplex126 Hall Street
Clinton Hill
Active
$2,350,000
Co-op68 W 11th Street #4
Greenwich Village
Active
$2,350,000
Condo46-30 CENTER Boulevard #211
Hunters Point
Active
$2,350,000
Condo8 S 4th Street #9C
Williamsburg
Active
$2,350,000
Condo478 CENTRAL Park W #2B
Manhattan Valley
Active
$2,350,000
Condo10 Nevins Street #PH-I
Downtown Brooklyn
Active
$2,350,000
Condo45-40 VERNON Boulevard #3N
Hunters Point
Active
$2,350,000
Condo421 Hudson Street #613
West Village
Active
$2,350,000
Condo535 Dean Street #PH906
Prospect Heights
Active
$2,350,000
Condo155 W 68TH Street #2105
Lincoln Square
Active
$2,350,000
Condo289 SCHERMERHORN Street #8E
Downtown Brooklyn
Active
$2,350,000
Multi Family10 Mac Donough Street
Bedford-Stuyvesant
Active
$2,350,000
Co-op300 W 23rd Street #13K
Chelsea
Active
$2,350,000
Condo450 W 17TH Street #1118
Chelsea
Active
$2,350,000
Condo242 BROOME Street #11A
Lower East Side
Active
$2,350,000
Condo40 BLEECKER Street #3H
NoHo
Active
$2,350,000
Condo321 W 13th Street #6A
West Village
Active
$2,350,000
Single Family Residence664 Henry Street
Carroll Gardens
Active
$2,350,000
Condo176 Frost Street #GARDEN
East Williamsburg
