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
$2,199,000
Condop418 E 59TH Street #PHB
Sutton Place
Active
$2,198,000
Condo530 E 76TH Street #31AB
Lenox Hill
Active
$2,195,000
Condo200 RIVERSIDE Boulevard #5D
Lincoln Square
Active
$2,195,000
Condo205 E 59th Street #12-B
Upper East Side
Active
$2,195,000
Single Family Residence6655 SEDGWICK Place
Bay Ridge
Active
$2,195,000
Multi Family519 MONROE Street
Stuyvesant Heights
Active
$2,195,000
Condo249 18TH Street #4
Greenwood Heights
Active
$2,195,000
Condo1 Central Park S #1406
Central Park South
Active
$2,195,000
Condo205 E 59th Street #12-A
Upper East Side
Active
$2,195,000
Condo324 E 93rd Street #2
Upper East Side
Active
$2,195,000
Condo721 5TH Avenue #41H
Midtown East
Active
$2,195,000
Condo52 E 4TH Street #7FLR
East Village
Active
$2,195,000
Condo301 E 50th Street #3B
Midtown East
Active
$2,195,000
Multi Family125 Schaefer Street
Bushwick
Active
$2,195,000
Co-op650 PARK Avenue #4D
Lenox Hill
Active
$2,195,000
Co-op250 Mercer Street #B904/05
Greenwich Village
Active
$2,195,000
Condo90 E End Avenue #4B
Upper East Side
Active
$2,195,000
Condo134 E 93RD Street #11B
Carnegie Hill
Active
$2,195,000
Multi Family1259 Madison Street
Bushwick
Active
$2,195,000
Co-op305 W 86TH Street #15A
Upper West Side
Active
$2,195,000
Condo108 LEONARD Street #6R
Tribeca
Active
$2,195,000
Co-op39 GRAMERCY Park N #15AB
Gramercy Park
Active
$2,195,000
Condo641 5th Avenue #38F
Midtown East
Active
$2,195,000
Condo845 UNITED NATIONS Plaza #53E
Turtle Bay
