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
$2,150,000
Condo304 E 65th Street #21A
Upper East Side
Active
$2,150,000
Condo223 W 80th Street #3
Upper West Side
Active
$2,150,000
Condo222 E BROADWAY #19A
Lower East Side
Active
$2,150,000
Single Family Residence408 Bainbridge Street
Ocean Hill
Active
$2,150,000
Condo108 LEONARD Street #5D
Tribeca
Active
$2,149,000
Condo525 E 11th Street #6-C
East Village
Active
$2,149,000
Condo400 E 90th Street #23B
Upper East Side
Active
$2,149,000
Co-op23 E 37TH Street #4F/R
Murray Hill
Active
$2,145,000
Multi Family420 QUINCY Street
Bedford-Stuyvesant
Active
$2,145,000
Condo744 Park Place #1A
Crown Heights
Active
$2,130,000
Condo45-40 VERNON Boulevard #15D
Hunters Point
Active
$2,130,000
Condo25 Broad Street #21-I
Financial District
Active
$2,125,000
Multi Family655 DECATUR Street
Ocean Hill
Active
$2,110,000
Condo179 N 10th Street #2E
Williamsburg
Active
$2,100,000
Co-op2 E END Avenue #1E
Yorkville
Active
$2,100,000
Condo2 Northside Piers #26L
Williamsburg
Active
$2,100,000
Co-op360 E 72nd Street #C3001
Lenox Hill
Active
$2,100,000
Co-op1200 Broadway #7A
NoMad
Active
$2,100,000
Multi Family49 Minna Street
Kensington
Active
$2,100,000
Condo58 ST MARKS Place #902
Boerum Hill
Active
$2,100,000
Mixed Use10 Bay Ridge Avenue
Bay Ridge
Active
$2,100,000
Co-op3 SHERIDAN Square #4D
West Village
Active
$2,100,000
Condo150 W 56TH Street #6302
Midtown
Active
$2,100,000
Condo1 Central Park W #610
Upper West Side
