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
$2,295,000
Condo30 E 29th Street #33B
NoMad
Active
$2,295,000
Co-op77 BLEECKER Street #812
Greenwich Village
Active
$2,295,000
Multi Family2115 E 1st Street
Gravesend
Active
$2,295,000
Condo1760 2ND Avenue #32C
Yorkville
Active
$2,295,000
Condo25 BEEKMAN Place #4
Beekman
Active
$2,295,000
Condo301 W 57TH Street #28C
Hell's Kitchen
Active
$2,295,000
Single Family Residence210 Hoyt Street
Boerum Hill
Active
$2,295,000
Co-op241 E 76TH Street #10BCD
Lenox Hill
Active
$2,295,000
Condo360 E 88th Street #28C
Upper East Side
Active
$2,295,000
Co-op92 Horatio Street #4L
West Village
Active
$2,295,000
Co-op104 PIERREPONT Street #2
Brooklyn Heights
Active
$2,295,000
Single Family Residence24 Belvidere Street
Bushwick
Active
$2,295,000
Condo211 E 13TH Street #5K
East Village
Active
$2,295,000
Condo609 2ND Avenue #802
Kips Bay
Active
$2,295,000
Condo62 4th Place #2
Carroll Gardens
Active
$2,295,000
Multi Family394 BAINBRIDGE Street
Stuyvesant Heights
Active
$2,295,000
Co-op322 6th Street #7
Park Slope
Active
$2,295,000
Condo188 E 64th Street #3302
Lenox Hill
Active
$2,295,000
Condo8 Greene Street #4
SoHo
Active
$2,290,000
Condo50 Riverside Boulevard #6-D
Lincoln Square
Active
$2,285,000
Condo50 W 30th Street #17A
NoMad
Active
$2,275,000
Condo160 CENTRAL Park S #1607
Central Park South
Active
$2,275,000
Condo447 W 18TH Street #3C
Chelsea
Active
$2,275,000
Condo133 Water Street #2F
Dumbo
