225 properties priced at $3M and above
Buying a $3M+ apartment in NYC means a mansion tax of at least 1.50% of the full price, paid by the buyer at closing: $45,000 on a $3,000,000 contract, rising to 2.25% at $5,000,000, 3.25% at $10,000,000 and 3.90% at $25,000,000 and above. The rate applies to the whole price, so it is a cash cost on top of the down payment that a mortgage will not cover.
At this level the choice between a co-op and a condo shapes the whole purchase. A co-op purchase is a transfer of shares, and the board reviews the buyer's full financial package before approving it; a condo is deeded real property and generally needs no board approval. The mansion tax applies to both, since there is no co-op exemption.
Brooklyn's luxury market ($3M+) includes full-service condos, pre-war co-ops in prime locations, penthouses, and townhouses. At this price point, buyers expect private viewings, early word on Coming Soon listings, and discretion throughout the transaction.
With over 25 years in NYC real estate, I search both REBNY RLS and OneKey MLS, including Coming Soon listings when the listing broker files them, and I call listing brokers directly about higher-price inventory. Use the form below to start a private search.
Tell me the price range and what you are after in Brooklyn. I read every request myself, and nothing you write here is shared with a listing broker without your say.
Active
$3,100,000
Multi Family1575 64th Street
Borough Park
Active
$3,100,000
Condo30 FRONT Street #15D
DUMBO
Active
$3,095,000
Condo8 S 4th Street #27B
Williamsburg
Active
$3,050,000
Condo93 WYCKOFF Street #1B
Boerum Hill
Active
$3,000,000
Condo30 FRONT Street #10A
DUMBO
Active
$3,000,000
Multi Family427 Humboldt Street
East Williamsburg
Active
$3,000,000
Mixed Use625 VANDERBILT Avenue
Prospect Heights
Active
$3,000,000
Multi Family740 Leonard Street
Greenpoint
Active
$3,000,000
Condo30 Front Street #10A
Dumbo
