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
Condo372 CENTRAL Park W #10R
Upper West Side
Active
$1,995,000
Co-op35 Monroe Place #4
Brooklyn Heights
Active
$1,995,000
Co-op17 W 67TH Street #1DS
Lincoln Square
Active
$1,995,000
Condo75 WALL Street #PHL1
Financial District
Active
$1,995,000
Co-op303 Mercer Street #B204
Greenwich Village
Active
$1,995,000
Condo110 Coffey Street #3A
Red Hook
Active
$1,995,000
Sale1148 STERLING Place #THOUSE
Crown Heights
Active
$1,995,000
Condo1 Wall Street #907
Financial District
Active
$1,995,000
Condo208 Delancey Street #8F
Lower East Side
Active
$1,995,000
Condo218 23RD Street #1
Greenwood Heights
Active
$1,995,000
Co-op400 E 52nd Street #PHTOWER
Midtown East
Active
$1,995,000
Condo261 W 28th Street #6A
Chelsea
Active
$1,995,000
Condo757 Flatbush Avenue #806
Flatbush
Active
$1,995,000
Multi Family49 St Nicholas Place
Hamilton Heights
Active
$1,995,000
Condo171 E 84TH Street #30C
Upper East Side
Active
$1,995,000
Co-op25 SUTTON Place S #20G
Sutton Place
Active
$1,995,000
Condo249 18TH Street #GARDEN
Greenwood Heights
Active
$1,995,000
Condo184 Kent Avenue #B301
Williamsburg
Active
$1,995,000
Multi Family413 Vanderbilt Street
Windsor Terrace
Active
$1,995,000
Co-op176 Broadway #15E
Financial District
Active
$1,995,000
Condo259 22ND Street #5B
Greenwood Heights
Active
$1,995,000
Multi Family224 WEIRFIELD Street
Bushwick
Active
$1,995,000
Condo215 E 19TH Street #2
Gramercy Park
Active
$1,995,000
Single Family Residence482 E 16TH Street
Ditmas Park
