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
Co-op542 BROADWAY #5F
SoHo
Active
$2,250,000
Condo1 CENTRAL Park W #25E
Lincoln Square
Active
$2,249,000
Condo218 23RD Street #4
Greenwood Heights
Active
$2,249,000
Condo1474 3RD Avenue #12S
Upper East Side
Active
$2,249,000
Condo219 W 81st Street #11G
Upper West Side
Active
$2,249,000
Condo15 ST MARKS Place #6AB
East Village
Active
$2,248,000
Condo422 E 72ND Street #32C
Lenox Hill
Active
$2,245,000
Co-op1050 5TH Avenue #7C
Carnegie Hill
Active
$2,245,000
Condo1 Main Street #5L
Dumbo
Active
$2,245,000
Condop1 CITY Point #48A
Downtown Brooklyn
Active
$2,240,000
Condop201 E 23rd Street #9E
Kips Bay
Active
$2,240,000
Condop209 E 25th Street #9E
Kips Bay
Active
$2,240,000
Condop201 E 23rd Street #9E
Kips Bay
Active
$2,240,000
Condo74 DIAMOND Street #1A
Greenpoint
Active
$2,240,000
Condop201 E 23rd Street #9E
Kips Bay
Active
$2,235,000
Condo252 SOUTH Street #22H
Two Bridges
Active
$2,235,000
Condo252 South Street #22H
Chinatown
Active
$2,225,000
Condo252 South Street #66B
Chinatown
Active
$2,225,000
Condo11 HOYT Street #37B
Downtown Brooklyn
Active
$2,225,000
Co-op105 5TH Avenue #4A
Flatiron
Active
$2,225,000
Condo252 SOUTH Street #66B
Two Bridges
Active
$2,200,000
Condo135 E 47TH Street #20B
Turtle Bay
Active
$2,200,000
Multi Family137 Putnam Avenue
Bedford-Stuyvesant
Active
$2,200,000
Single Family Residence2648 E 64TH Street
Mill Basin
