584 properties priced between $1M and $2M
Buying a $1M to $2M apartment in NYC puts the purchase in the first mansion tax bracket: 1.00% of the full price, paid by the buyer at closing, so a $1,000,000 contract owes $10,000 and a $1,500,000 contract owes $15,000. A contract at exactly $2,000,000 moves into the 1.25% bracket and owes $25,000, while a $999,999 purchase owes no mansion tax at all.
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) |
|---|---|---|---|
| $999,999 | 0% | Below the $1,000,000 threshold | $0 |
| $1,000,000 | 1.00% | $1,000,000 x 0.0100 | $10,000 |
| $1,500,000 | 1.00% | $1,500,000 x 0.0100 | $15,000 |
| $1,990,000 | 1.00% | $1,990,000 x 0.0100 | $19,900 |
| $2,000,000 | 1.25% | $2,000,000 x 0.0125 | $25,000 |
The $1M to $2M band is the deepest segment of the Brooklyn sale market, spanning one and two bedroom condos in full-service buildings, larger pre-war co-ops, and some townhouse units. Every purchase at or above $1M triggers the NYC mansion tax, which starts at 1% of the purchase price in this band and is paid by the buyer at closing.
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
$2,000,000
Multi Family772 BUSHWICK Avenue
Bushwick
Active
$2,000,000
Condo354 Dean Street #1
Boerum Hill
Active
$2,000,000
Multi Family879 Greene Avenue
Bedford-Stuyvesant
Active
$2,000,000
Multi Family1811 72nd Street
Bensonhurst
Active
$2,000,000
Condo365 BRIDGE Street #22C
Downtown Brooklyn
Active
$1,999,999
Condo1385 DEKALB Avenue #PHA
Bushwick
Active
$1,999,999
Multi Family316 84th Street
Bay Ridge
Active
$1,999,999
Condo636 LORIMER Street #TWNHSE
Williamsburg
Active
$1,999,000
Single Family Residence511 ARGYLE Road
Ditmas Park
Active
$1,999,000
Multi Family1536 Union Street
Crown Heights
Active
$1,995,500
Multi Family342 WESTMINSTER Road
Ditmas Park
Active
$1,995,000
Sale1148 STERLING Place #THOUSE
Crown Heights
Active
$1,995,000
Condo15 ROEBLING Street #PHA
Williamsburg
Active
$1,995,000
Condo85 FLEET Street #54A
Downtown Brooklyn
Active
$1,995,000
Condo450 Warren Street #3B
Boerum Hill
Active
$1,995,000
Single Family Residence159 87th Street
Bay Ridge
Active
$1,995,000
Single Family Residence443 Lewis Avenue
Stuyvesant Heights
Active
$1,995,000
Condo324 DEAN Street #4B
Boerum Hill
Active
$1,995,000
Condo744 Park Place #1B
Crown Heights
Active
$1,995,000
Condo132 6TH Avenue #3
Park Slope
Active
$1,995,000
Condo23 Garfield Place #1A
Park Slope
Active
$1,995,000
Multi Family236 Lewis Avenue #TWHS
Stuyvesant Heights
Active
$1,995,000
Condo205 Freeman Street #PH4A
Greenpoint
Active
$1,995,000
Condo558 5TH Avenue #5B
Park Slope
