1,007 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
$2,300,000
Multi Family239 Withers Street
Williamsburg
Active
$2,300,000
Condo6 Garfield Place #PH1102
Park Slope
Active
$2,300,000
Condo400 W 38TH Street #10DN
Hudson Yards
Active
$2,300,000
Co-op70 E 96TH Street #7B
Carnegie Hill
Active
$2,300,000
Multi Family101 Chauncey Street
Bedford-Stuyvesant
Active
$2,300,000
Co-op1001 5TH Avenue #7A
Upper East Side
Active
$2,300,000
Rental427 HERKIMER Street #MULTIFAM
Bedford-Stuyvesant
Active
$2,300,000
Condo45 PARK Avenue #501
Murray Hill
Active
$2,300,000
Condo100 Jay Street #4A
Dumbo
Active
$2,300,000
Condo439 W 36TH Street #7C
Hudson Yards
Active
$2,300,000
Condo138 Fulton Street #2
Financial District
Active
$2,300,000
Condo350 W 44TH Street #205
Hell's Kitchen
Active
$2,300,000
Co-op233 E 69TH Street #14K
Lenox Hill
Active
$2,300,000
Multi Family74 MACDOUGAL Street
Stuyvesant Heights
Active
$2,300,000
Condo160 Imlay Street #6A2
Red Hook
Active
$2,300,000
Condo5 FRANKLIN Place #6C
Tribeca
Active
$2,300,000
Condo340 E 64th Street #11D
Lenox Hill
Active
$2,300,000
Condo350 W 42ND Street #19ED
Hell's Kitchen
Active
$2,299,000
Triplex173 COOPER Street #TH
Bushwick
Active
$2,299,000
Condo330 E 38th Street #46-D
Murray Hill
Active
$2,299,000
Single Family Residence136 BEACH 138TH Street
Belle Harbor
Active
$2,299,000
Single Family Residence99-35 74th Avenue
Forest Hills
Active
$2,299,000
Condo1 Main Street #10K
Dumbo
Active
$2,298,000
Condo30 W 63rd Street #28L
Upper West Side
