1,006 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
$2,165,000
Condop201 E 23rd Street #4A
Kips Bay
Active
$2,160,000
Duplex521 W 162nd Street
Washington Heights
Active
$2,160,000
Condo501 3RD Avenue #10C
Kips Bay
Active
$2,150,000
Condo515 W 18th Street #321
Chelsea
Active
$2,150,000
Condop210 WARREN Street #25C
Battery Park City
Active
$2,150,000
Condo60 Orchard Street #6
Lower East Side
Active
$2,150,000
Co-op160 E 65TH Street #14B
Lenox Hill
Active
$2,150,000
Condo245 E 93RD Street #22G
Yorkville
Active
$2,150,000
Condo301 W 57th Street #10-C
Hell's Kitchen
Active
$2,150,000
Condo5 E 44TH Street #11
Midtown East
Active
$2,150,000
Co-op186 RIVERSIDE Drive #9B
Upper West Side
$2,150,000
Condo30 RIVERSIDE Boulevard #21G
Lincoln Square
Active
$2,150,000
Condo200 E 89th Street #37D
Carnegie Hill
Active
$2,150,000
Multi Family126 Vanderbilt Avenue
Fort Greene
Active
$2,150,000
Co-op225 E 74TH Street #2DE
Lenox Hill
Active
$2,150,000
Condo1 HANSON Place #23D
Fort Greene
Active
$2,150,000
Condo1641 3RD Avenue #22A
Yorkville
Active
$2,150,000
Condo333 E 34TH Street #4DE
Murray Hill
Active
$2,150,000
Condo100 Riverside Boulevard #25B
Upper West Side
Active
$2,150,000
Condo655 BALTIC Street #GARDEN
Park Slope
Active
$2,150,000
Co-op808 BROADWAY #PHF
Greenwich Village
Active
$2,150,000
Single Family Residence437 Lewis Avenue
Stuyvesant Heights
Active
$2,150,000
Condo77 Park Avenue #12F
Murray Hill
Active
$2,150,000
Condo304 E 65th Street #21A
Upper East Side
