190 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 Queens 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
$1,999,999
Condo27-28 Thomson Avenue #608
Long Island City
Active
$1,999,000
Multi Family22-12 126th Street
College Point
Active
$1,999,000
Single Family Residence190 BEACH 137TH Street
Belle Harbor
Active
$1,999,000
Co-op1021 Bayside #1
Breezy Point
Active
$1,998,000
Single Family Residence102-02 Ascan Avenue
Forest Hills
Active
$1,995,000
Multi Family11-46 Welling Court
Astoria
Active
$1,990,000
Multi Family158-13 Linden Boulevard
Jamaica
Active
$1,960,000
Condo45-40 VERNON Boulevard #18A
Hunters Point
Active
$1,950,000
Condo11-50 45TH Road #PHF
Flushing
Active
$1,949,000
Condo78-29 AUSTIN Street #PH2A
Forest Hills
Active
$1,935,000
Condo46-30 CENTER Boulevard #404
Hunters Point
Active
$1,932,000
Condo11-37 44TH Drive #607
Long Island City
Active
$1,920,000
Multi Family25-40 14th Place
Astoria
Active
$1,900,000
Single Family Residence28-09 23rd Avenue
Astoria
Active
$1,900,000
Condo24-01 Queens Plaza N #1402
Long Island City
Active
$1,890,000
Condo11-37 44TH Drive #307
Long Island City
Active
$1,888,000
Single Family Residence77-15 KEW FOREST Lane
Forest Hills
Active
$1,875,000
Condo24-01 Queens Plaza N #1005
Long Island City
Active
$1,858,000
Condo46-30 CENTER Boulevard #602
Hunters Point
Active
$1,850,000
Rental83-13 BROADWAY #BLDG
Elmhurst
Active
$1,850,000
Condo47-05 5th Street #102
Hunters Point
Active
$1,850,000
Multi Family34-09 37th Avenue
Long Island City
Active
$1,800,000
Condo45-40 VERNON Boulevard #15I
Hunters Point
Active
$1,799,000
Multi Family10-47 47TH Avenue
Hunters Point
