1,004 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
$2,100,000
Condo322 W 57TH Street #39F
Hell's Kitchen
Active
$2,100,000
Single Family Residence404 Beach 143rd Street
Neponsit
Active
$2,100,000
Co-op39 E 19TH Street #2
Flatiron
Active
$2,100,000
Condo100 United Nations Plaza #PH-49A
Turtle Bay
Active
$2,100,000
Co-op55 Hudson Street #PH-E
Tribeca
Active
$2,100,000
Single Family Residence186 Flagg Place
Todt Hill
Active
$2,100,000
Condo60 Orchard Street #4
Lower East Side
Active
$2,100,000
Condo400 W 38TH Street #8BN
Hudson Yards
Active
$2,100,000
Condo27-21 44TH Drive #1502
Long Island City
Active
$2,099,000
Condo455 E 86th Street #38C
Upper East Side
Active
$2,099,000
Multi Family1259 Jefferson Avenue #TWNHSE
Bushwick
Active
$2,099,000
Co-op1200 BROADWAY #7B
NoMad
Active
$2,099,000
Condo200 E 69TH Street #21A
Lenox Hill
Active
$2,099,000
Multi Family165 W 126TH Street
Central Harlem
Active
$2,099,000
Multi Family700 Dekalb Avenue
Bedford-Stuyvesant
Active
$2,099,000
Single Family Residence2112 AVE L
Midwood
Active
$2,095,000
Multi Family17-17 Madison Street
Ridgewood
Active
$2,095,000
Condo641 5th Avenue #29C
Midtown East
Active
$2,095,000
Condop211 E 53RD Street #PHC
Sutton Place
Active
$2,095,000
Condo259 22ND Street #5C
Greenwood Heights
Active
$2,095,000
Condo315 W 36th Street #14A
Hudson Yards
Active
$2,095,000
Condo200 E 59th Street #10C
Midtown East
Active
$2,095,000
Co-op242 Lafayette Street #3N
SoHo
Active
$2,095,000
Condo401 W 37TH Street #3GS
Hudson Yards
