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
$2,350,000
Condo176 Frost Street #GARDEN
East Williamsburg
Active
$2,350,000
Multi Family323 PROSPECT Avenue
Park Slope
Active
$2,345,000
Co-op194 RIVERSIDE Drive #7D
Upper West Side
Active
$2,345,000
Condo561 5TH Street #1
Park Slope
Active
$2,345,000
Condo389 E 89TH Street #11G
Yorkville
Active
$2,345,000
Condo160 Imlay Street #4E2
Red Hook
Active
$2,325,000
Condo115 York Street #17F
Dumbo
Active
$2,325,000
Single Family Residence24 Belvidere Street
Bushwick
Active
$2,325,000
Condo400 W 38TH Street #11BN
Hudson Yards
Active
$2,320,000
Multi Family252 W 136TH Street
Central Harlem
Active
$2,315,000
Condo401 W 37TH Street #7GS
Hudson Yards
Active
$2,310,495
Condop1 CITY Point #37E
Downtown Brooklyn
Active
$2,310,000
Condo641 5TH Avenue #36H
Midtown East
Active
$2,310,000
Condo100 CLAREMONT Avenue #15B
Morningside Heights
Active
$2,310,000
Condo126 E 57th Street #1203
Midtown East
Active
$2,305,000
Condo401 W 37TH Street #8AS
Hudson Yards
Active
$2,300,000
Co-op425 E 58TH Street #35E
Sutton Place
Active
$2,300,000
Multi Family427 Convent Avenue
Hamilton Heights
Active
$2,300,000
Condo641 5th Avenue #28F
Midtown East
Active
$2,300,000
Multi Family425 PUTNAM Avenue
Bedford-Stuyvesant
Active
$2,300,000
Co-op11 E 87TH Street #8CD
Carnegie Hill
Active
$2,300,000
Co-op425 E 58TH Street #31A
Sutton Place
Active
$2,300,000
Condo93 WYCKOFF Street #2A
Boerum Hill
Active
$2,300,000
Co-op333 CENTRAL Park W #22
Upper West Side
