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
$2,250,000
Condo220 E 65th Street #11-C
Upper East Side
Active
$2,250,000
Condo365 BRIDGE Street #20A
Downtown Brooklyn
Active
$2,250,000
Condo550 Metropolitan Avenue #PHA
Williamsburg
Active
$2,250,000
Condo255 BOWERY #5
Lower East Side
Active
$2,250,000
Condo543 W 122ND Street #14A
Morningside Heights
Active
$2,250,000
Co-op201 E 83rd Street #8AB
Upper East Side
Active
$2,250,000
Condo256 N 9th Street #1A
Williamsburg
$2,250,000
Condo45 E 30TH Street #PHC
NoMad
Active
$2,250,000
Co-op68 W 11th Street #3
Greenwich Village
Active
$2,250,000
Condo235 W END Avenue #5DE
Lincoln Square
Active
$2,250,000
Condo120 E 87TH Street #R14F
Carnegie Hill
Active
$2,250,000
Condo30 E 29th Street #31B
NoMad
Active
$2,250,000
Condo247 W 46th Street #4001
Midtown West
Active
$2,250,000
Condo401 E 60TH Street #35B
Lenox Hill
Active
$2,250,000
Multi Family1357 Brooklyn Avenue
Farragut
Active
$2,250,000
Co-op249 W 29th Street #8N
Chelsea
Active
$2,250,000
Condo310 W 52ND Street #24H
Hell's Kitchen
Active
$2,250,000
Condo439 E 77th Street #3C
Upper East Side
Active
$2,250,000
Multi Family692 Washington Avenue
Prospect Heights
Active
$2,250,000
Co-op14 Horatio Street #15CD
West Village
Active
$2,250,000
Condo83 Eagle Street #PH
Greenpoint
Active
$2,250,000
Co-op160 E 65TH Street #16C
Lenox Hill
Active
$2,250,000
Condo325 5th Avenue #23A
Midtown
Active
$2,250,000
Condo1110 Manhattan Avenue #6
Greenpoint
