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.
Active
$1,995,000
Co-op250 MERCER Street #B1202/B12L
Greenwich Village
Active
$1,995,000
Co-op35 E 30TH Street #5C
NoMad
Active
$1,995,000
Condo254 W 88TH Street #B
Upper West Side
Active
$1,995,000
Condo124 Washington Avenue #4C
Clinton Hill
Active
$1,995,000
Condo322 W 57TH Street #22S
Hell's Kitchen
Active
$1,995,000
Condo340 E 64TH Street #10H
Lenox Hill
Active
$1,995,000
Condo75 Kenmare Street #4A
Nolita
Active
$1,995,000
Condo85 FLEET Street #54A
Downtown Brooklyn
Active
$1,995,000
Condo222 16TH Street #3F
Park Slope
Active
$1,995,000
Duplex311 EASTERN Parkway #PH6
Crown Heights
Active
$1,995,000
Condo1280 5TH Avenue #PHC
East Harlem
Active
$1,995,000
Condo133 MULBERRY Street #5A
Little Italy
Active
$1,995,000
Condo138 E 50TH Street #30A
Turtle Bay
Active
$1,995,000
Condo333 E 34TH Street #4DE
Murray Hill
Active
$1,995,000
Condo400 W 38TH Street #7DN
Hudson Yards
Active
$1,995,000
Condop1 CITY Point #15E
Downtown Brooklyn
Active
$1,995,000
Condo330 E 38TH Street #50D
Murray Hill
Active
$1,995,000
Condo338 Berry Street #6D
Williamsburg
Active
$1,995,000
Condo641 5th Avenue #29C
Midtown East
Active
$1,995,000
Condo744 Park Place #1B
Crown Heights
Active
$1,995,000
Co-op65 W 95th Street #2EF
Upper West Side
Active
$1,995,000
Co-op3 SHERIDAN Square #4D
West Village
Active
$1,995,000
Condo205 E 16TH Street #2C
Gramercy Park
Active
$1,995,000
Co-op241 W 36TH Street #9F
Midtown
