593 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
$1,995,000
Condo558 5TH Avenue #5B
Park Slope
Active
$1,995,000
Triplex131 20th Street #MULTI
Greenwood Heights
Active
$1,995,000
Duplex311 EASTERN Parkway #PH6
Crown Heights
Active
$1,995,000
Co-op35 Monroe Place #4
Brooklyn Heights
Active
$1,995,000
Condo205 Freeman Street #4
Greenpoint
Active
$1,995,000
Condo124 Washington Avenue #4C
Clinton Hill
Active
$1,995,000
Multi Family307 Quincy Street
Bedford-Stuyvesant
Active
$1,995,000
Multi Family738 E 23RD Street
Ditmas Park
Active
$1,995,000
Condop1 CITY Point #15E
Downtown Brooklyn
Active
$1,995,000
Condo98 Front Street #6-T
Dumbo
Active
$1,995,000
Condo110 Coffey Street #3A
Red Hook
Active
$1,995,000
Single Family Residence160 10th Street
Gowanus
Active
$1,995,000
Multi Family90 Pioneer Street
Red Hook
Active
$1,995,000
Condo218 23RD Street #1
Greenwood Heights
Active
$1,995,000
Condo338 Berry Street #6D
Williamsburg
Active
$1,995,000
Duplex1342 Herkimer Street #TH
Bushwick
Active
$1,995,000
Single Family Residence213 29TH Street
Greenwood Heights
Active
$1,995,000
Condo184 Kent Avenue #D-601
Williamsburg
Active
$1,995,000
Condo100 CONGRESS Street #406
Carroll Gardens
Active
$1,995,000
Condo222 16TH Street #3F
Park Slope
Active
$1,985,000
Multi Family332 PARKVILLE Avenue
Kensington
Active
$1,985,000
Condo212 HURON Street #3
Greenpoint
Active
$1,985,000
Condo160 WEST Street #PHC
Greenpoint
Active
$1,975,000
Condo30 MAIN Street #3F
DUMBO
