2,195 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 NYC 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 use the form below to start a private search.
Tell me the price range and what you are after in NYC. I read every request myself, and nothing you write here is shared with a listing broker without your say.
$1,900,000
Condo50 WEST Street #18A
Financial District
Active
$1,900,000
Condo22 Renwick Street #5B
SOHO
Active
$1,900,000
Condo959 1ST Avenue #17B
Turtle Bay
Active
$1,900,000
Condo30 FRONT Street #19D
DUMBO
Active
$1,900,000
Condo425 W 50TH Street #16E
Hell's Kitchen
Active
$1,900,000
Co-op75 HENRY Street #1K
Brooklyn Heights
Active
$1,900,000
Condo360 E 88TH Street #24D
Yorkville
Active
$1,900,000
Triplex1271 Bushwick Avenue
Bushwick
Active
$1,900,000
Co-op20 RIVER Terrace #16N
Battery Park City
$1,900,000
Triplex377 CHAUNCEY Street #BUILDING
Stuyvesant Heights
Active
$1,900,000
Condo330 E 38TH Street #43D
Murray Hill
Active
$1,900,000
Condo16 W 40th Street #22B
Midtown
Active
$1,900,000
Single Family Residence28-09 23rd Avenue
Astoria
Active
$1,900,000
Co-op465 W END Avenue #10D
Upper West Side
Active
$1,900,000
Condo188 E 64TH Street #2006
Lenox Hill
Active
$1,900,000
Condo50 Riverside Boulevard #5K
Upper West Side
Active
$1,900,000
Co-op50 Plaza Street E #4C
Prospect Heights
Active
$1,900,000
Condo126 E 57th Street #2205
Midtown East
Active
$1,900,000
Multi Family217 6th Avenue
Park Slope
Active
$1,899,999
Co-op1021 Bayside #1
Breezy Point
Active
$1,899,000
Multi Family544 VAN BUREN Street
Stuyvesant Heights
Active
$1,899,000
Condo100 Riverside Boulevard #6R
Upper West Side
Active
$1,899,000
Co-op305 W 72nd Street #9-C
Upper West Side
Active
$1,899,000
Co-op257 CENTRAL Park W #6E
Upper West Side
