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
$1,949,000
Condo247 W 46TH Street #1403
Midtown
Active
$1,949,000
Condo1280 5th Avenue #10A
Upper East Side
Active
$1,949,000
Condo112 HURON Street #2
Greenpoint
Active
$1,945,000
Condo136 Baxter Street #1B
Little Italy
Active
$1,945,000
Condo430 E 58TH Street #26B
Sutton Place
Active
$1,940,000
Condo218 W 103rd Street #11E
Manhattan Valley
Active
$1,940,000
Condo125 GREENWICH Street #71A
Financial District
Active
$1,935,000
Condo46-30 CENTER Boulevard #404
Hunters Point
Active
$1,932,000
Condo11-37 44TH Drive #607
Long Island City
Active
$1,930,000
Condo126 E 57th Street #505
Midtown East
Active
$1,926,000
Condo530 Park Avenue #6E
Lenox Hill
Active
$1,925,000
Condo85 FLEET Street #70G
Downtown Brooklyn
Active
$1,925,000
Condo211 E 51ST Street #6AB
Turtle Bay
Active
$1,925,000
Condo179 N 10th Street #5B
Williamsburg
Active
$1,925,000
Condo111 W 56th Street #38K
Midtown
Active
$1,925,000
Condo160 W 66TH Street #24J
Lincoln Square
Active
$1,925,000
Condo350 W 71st Street #3D
Upper West Side
Active
$1,920,000
Single Family Residence214 Eagle Street
Greenpoint
Active
$1,920,000
Multi Family25-40 14th Place
Astoria
Active
$1,918,000
Condo425 5th Avenue #61-A
Murray Hill
Active
$1,915,000
Co-op150 E 61st Street #15-B
Upper East Side
Active
$1,915,000
Condo10 MADISON Square W #6H
Flatiron
Active
$1,915,000
Condop210 WARREN Street #4N
Battery Park City
Active
$1,905,000
Condo303 PARK Avenue #2407
Midtown East
