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
$2,095,000
Co-op242 Lafayette Street #3N
SoHo
Active
$2,095,000
Condo401 W 37TH Street #3GS
Hudson Yards
Active
$2,095,000
Condo505 GREENWICH Street #5C
Hudson Square
Active
$2,095,000
Condo547 W 47TH Street #912
Hell's Kitchen
Active
$2,090,000
Condo126 E 57th Street #1007
Midtown East
Active
$2,075,000
Condo45-40 VERNON Boulevard #3O
Hunters Point
Active
$2,075,000
Condo247 W 46TH Street #3103
Midtown
Active
$2,075,000
Co-op100 W 12TH Street #4K
Greenwich Village
Active
$2,070,000
Condo215 E 19TH Street #2E
Gramercy Park
Active
$2,060,000
Condo5-12 51st Avenue #1
Long Island City
Active
$2,050,000
Single Family Residence210 E 52ND Street
Turtle Bay
Active
$2,050,000
Condo305 E 51ST Street #11B
Turtle Bay
Active
$2,050,000
Condo26 W 9th Street #5-A
Greenwich Village
Active
$2,050,000
Condo148 ATTORNEY Street #PH6
Lower East Side
Active
$2,045,000
Condo252 7TH Avenue #5T
Chelsea
Active
$2,025,000
Condo144 VANDERBILT Avenue #2E
Fort Greene
Active
$2,025,000
Condo8 S 4th Street #32E
Williamsburg
Active
$2,015,000
Condo11-50 45TH Road #2J
Flushing
Active
$2,000,000
Multi Family475 E 115TH Street
East Harlem
Active
$2,000,000
Co-op200 CENTRAL Park S #8R
Central Park South
Active
$2,000,000
Co-op33 W 67th Street #FE
Upper West Side
Active
$2,000,000
Condo100 Riverside Boulevard #21A
Upper West Side
Active
$2,000,000
Co-op425 E 58TH Street #14D
Sutton Place
Active
$2,000,000
Condo354 Dean Street #1
Boerum Hill
