1,011 properties priced between $2M and $3M
Buying a $2M to $3M apartment in NYC puts the purchase in the second mansion tax bracket: 1.25% of the full price, paid by the buyer at closing, so a $2,000,000 contract owes $25,000 and a $2,500,000 contract owes $31,250. A contract at exactly $3,000,000 moves into the 1.50% bracket and owes $45,000, while a $1,999,999 purchase stays in the 1.00% bracket.
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) |
|---|---|---|---|
| $1,999,999 | 1.00% | $1,999,999 x 0.0100 | $19,999.99 |
| $2,000,000 | 1.25% | $2,000,000 x 0.0125 | $25,000 |
| $2,500,000 | 1.25% | $2,500,000 x 0.0125 | $31,250 |
| $2,990,000 | 1.25% | $2,990,000 x 0.0125 | $37,375 |
| $3,000,000 | 1.50% | $3,000,000 x 0.0150 | $45,000 |
The $2M to $3M band in NYC covers two and three bedroom condos in full-service buildings, larger pre-war co-ops, and some townhouses. Every purchase in this band pays the NYC mansion tax at 1.25% of the purchase price, a cash cost at closing that a mortgage will not cover.
I work with buyers across all five boroughs at this price point. Read the mansion tax guide or schedule a consultation to plan your search.
Active
$3,000,000
Mixed Use384 Van Brunt Street
Red Hook
Active
$3,000,000
Condo30 FRONT Street #10A
DUMBO
Active
$3,000,000
Multi Family352 W 122nd Street
Harlem
Active
$3,000,000
Co-op40 W 17th Street #3B
Flatiron
Active
$3,000,000
Multi Family427 Humboldt Street
East Williamsburg
Active
$3,000,000
Condo49 ORCHARD Street #RETAIL
Lower East Side
Active
$3,000,000
Co-op1 BEEKMAN Place #AB
Beekman
Active
$3,000,000
Co-op10 E 70th Street #3A
Lenox Hill
Active
$3,000,000
Condo32 E 1st Street #6D
East Village
Active
$3,000,000
Co-op23 E 74th Street #4AF
Lenox Hill
Active
$3,000,000
Condo1182 BROADWAY #13A
NoMad
Active
$3,000,000
Multi Family740 Leonard Street
Greenpoint
Active
$3,000,000
Condo50 RIVERSIDE Boulevard #19C
Lincoln Square
Active
$3,000,000
Co-op22 W 26th Street #10G
NoMad
Active
$3,000,000
Single Family Residence387 Manhattan Avenue
Harlem
Active
$3,000,000
Condo211 W 71st Street #PH16A
Upper West Side
Active
$3,000,000
Condo30 Front Street #10A
Dumbo
Active
$3,000,000
Multi Family364 MACON Street
Stuyvesant Heights
Active
$2,999,999
Condo371 W 123RD Street #PHA
South Harlem
Active
$2,999,999
Condo2628 Broadway #15B
Upper West Side
Active
$2,999,999
Co-op45 SUTTON Place S #11F
Sutton Place
Active
$2,999,950
Condo530 E 76TH Street #34/35
Lenox Hill
Active
$2,999,900
Co-op419 E 57th Street #PH16C
Sutton Place
Active
$2,999,500
Duplex285A Kingsland Avenue
Greenpoint
