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
Multi Family738 E 23RD Street
Ditmas Park
Active
$1,995,000
Condo121 E 23RD Street #10C
Flatiron
Active
$1,995,000
Co-op55 Liberty Street #10AB
Financial District
Active
$1,995,000
Single Family Residence160 10th Street
Gowanus
Active
$1,995,000
Condo1991 BROADWAY #PHB
Lincoln Square
Active
$1,995,000
Co-op40 E 80th Street #21/22B
Upper East Side
Active
$1,995,000
Condo15 ROEBLING Street #PHA
Williamsburg
Active
$1,995,000
Condo45 E 80TH Street #14C
Upper East Side
Active
$1,995,000
Co-op465 Park Avenue #18E
Midtown East
Active
$1,995,000
Condo558 5TH Avenue #5B
Park Slope
Active
$1,995,000
Condo205 Freeman Street #PH4A
Greenpoint
Active
$1,995,000
Condo330 E 38th Street #54D
Murray Hill
Active
$1,995,000
Condo159 W 53rd Street #38GH
Midtown
Active
$1,995,000
Multi Family236 Lewis Avenue #TWHS
Stuyvesant Heights
Active
$1,995,000
Co-op31 JANE Street #2D
West Village
Active
$1,995,000
Condo100 CONGRESS Street #406
Carroll Gardens
Active
$1,995,000
Single Family Residence159 87th Street
Bay Ridge
Active
$1,995,000
Condo23 Garfield Place #1A
Park Slope
Active
$1,995,000
Co-op200 E 57TH Street #12D
Sutton Place
Active
$1,995,000
Condo30 WEST Street #12E
Battery Park City
Active
$1,995,000
Condo38 E 35TH Street #3F
Murray Hill
Active
$1,995,000
Condo255 E 49TH Street #14D
Turtle Bay
Active
$1,995,000
Condo464 W 44th Street #PHD
Hell's Kitchen
Active
$1,995,000
Condo641 5th Avenue #26-F
Midtown East
