Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

Luxury NYC Real Estate

1,962 properties priced at $3M and above

What a $3M+ NYC Apartment Purchase Involves

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.

Luxury Real Estate in NYC

NYC's luxury market ($3M+) includes full-service condos, pre-war co-ops in prime locations, penthouses, and townhouses. At this price point, buyers expect white-glove service: private viewings, off-market access, and discretion throughout the transaction.

With over 25 years in NYC real estate, I have access to off-market luxury inventory and relationships with top listing brokers. Schedule a private consultation to discuss your search criteria.

432 Park Avenue #PH88 Active

$88,500,000

Condo
4 bd | 7 ba |8,200 sqft

432 Park Avenue #PH88

Midtown East

Compass RLS
125 Perry Street #PHE Active

$85,000,000

Condo
6 bd | 9 ba |7,700 sqft

125 Perry Street #PHE

West Village

Compass RLS
50 W 66th Street #62 Active

$85,000,000

Condo
6 bd | 8 ba |9,678 sqft

50 W 66th Street #62

Lincoln Square

Extell Marketing Group LLC RLS
50 W 66TH Street #62 Active

$85,000,000

Condo
6 bd | 8 ba |9,678 sqft

50 W 66TH Street #62

Lincoln Square

Corcoran Group RLS
50 W 66TH Street #62 Active

$85,000,000

Condo
6 bd | 8 ba |9,678 sqft

50 W 66TH Street #62

Lincoln Square

Douglas Elliman Real Estate RLS
432 PARK Avenue #64 Active

$80,000,000

Condo
4 bd | 6 ba |8,038 sqft

432 PARK Avenue #64

Midtown East

Douglas Elliman Real Estate RLS
157 W 57th Street #64 Active

$75,000,000

Condo
8 bd | 7 ba |10,000 sqft

157 W 57th Street #64

Midtown

Modlin Group LLC RLS
220 CENTRAL Park S #62 Active

$75,000,000

Condo
4 bd | 6 ba |5,935 sqft

220 CENTRAL Park S #62

Central Park South

Corcoran Group RLS
50 Central Park S #30/31 Active

$70,000,000

Condo
3 bd | 5 ba |10,875 sqft

50 Central Park S #30/31

Central Park South

Sothebys International Realty RLS
50 CENTRAL Park S #30/31 Active

$70,000,000

Condo
3 bd | 5 ba |10,875 sqft

50 CENTRAL Park S #30/31

Central Park South

Corcoran Group RLS
4 E 79th Street Active

$68,000,000

Single Family Residence
6 bd | 8 ba |19,050 sqft

4 E 79th Street

Upper East Side

Modlin Group LLC RLS
4 E 79th Street Active

$68,000,000

Single Family Residence
6 bd | 9 ba |19,050 sqft

4 E 79th Street

Upper East Side

Sothebys International Realty RLS
432 PARK Avenue #84B Active

$67,000,000

Condo
3 bd | 4 ba |5,421 sqft

432 PARK Avenue #84B

Midtown East

Douglas Elliman Real Estate RLS
80 Columbus Circle #80 Active

$65,000,000

Condo
6 bd | 8 ba |8,332 sqft

80 Columbus Circle #80

Upper West Side

Sothebys International Realty RLS
15 E 96th Street Active

$65,000,000

Single Family Residence
8 bd | 13 ba |14,800 sqft

15 E 96th Street

Upper East Side

Sothebys International Realty RLS
430 E 58TH Street #PH80 Active

$65,000,000

Condo
5 bd | 7 ba |9,191 sqft

430 E 58TH Street #PH80

Sutton Place

Corcoran Sunshine Marketing Group RLS
53 W 53RD Street #PH78 Active

$64,730,000

Condo
4 bd | 4 ba |7,455 sqft

53 W 53RD Street #PH78

Midtown

Douglas Elliman Real Estate RLS
432 PARK Avenue #71 Active

$64,000,000

Condo
8 bd | 8 ba |8,108 sqft

432 PARK Avenue #71

Midtown East

Corcoran Group RLS
16 5TH Avenue #PH1 Active

$59,950,000

Condo
5 bd | 8 ba |8,327 sqft

16 5TH Avenue #PH1

Greenwich Village

Corcoran Sunshine Marketing Group RLS
1143 5TH Avenue Active

$59,000,000

Multi Family
14 bd | 17 ba |21,095 sqft

1143 5TH Avenue

Carnegie Hill

Corcoran Group RLS
220 CENTRAL Park S #VILLA7 Active

$58,000,000

Condo
5 bd | 7 ba |4,946 sqft

220 CENTRAL Park S #VILLA7

Central Park South

Corcoran Group RLS
111 W 57th Street #PT75 Active

$55,900,000

Condo
4 bd | 6 ba |7,130 sqft

111 W 57th Street #PT75

midtown

Howard Hanna NYC RLS
50 W 66TH Street #51E Active

$54,000,000

Condo
5 bd | 6 ba |6,942 sqft

50 W 66TH Street #51E

Lincoln Square

Corcoran Group RLS
50 W 66TH Street #51E Active

$54,000,000

Condo
5 bd | 6 ba |6,942 sqft

50 W 66TH Street #51E

Lincoln Square

Douglas Elliman Real Estate RLS
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Frequently Asked Questions

What is the NYC mansion tax?
NYC imposes a mansion tax on purchases of $1M+ residential properties. The tax starts at 1% and increases progressively up to 3.9% for properties over $25M. This is paid by the buyer at closing.
Are there off-market luxury listings?
Yes. Many high-end sellers prefer to market quietly before going public on the RLS. As a Licensed Real Estate Associate Broker at Keller Williams NYC, I have access to pre-market and off-market luxury inventory. Contact me to learn about available off-market listings.

Explore More

NYC Buyer GuidePrice DropsManhattan LuxuryBrooklyn LuxuryNYC Homes $1M-$2MAll Market Reports
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.
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