252 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 Brooklyn 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 Family427 Humboldt Street
East Williamsburg
Active
$3,000,000
Multi Family740 Leonard Street
Greenpoint
Active
$3,000,000
Condo30 Front Street #10A
Dumbo
Active
$3,000,000
Multi Family364 MACON Street
Stuyvesant Heights
Active
$2,999,500
Duplex285A Kingsland Avenue
Greenpoint
Active
$2,999,500
Multi Family253 Rutland Road #townhouse
Prospect Lefferts Gardens
Active
$2,999,000
Single Family Residence312 MAC DONOUGH Street
Stuyvesant Heights
Active
$2,999,000
Multi Family177 JAVA Street
Greenpoint
Active
$2,998,000
Mixed Use3429 Atlantic Avenue
Cypress Hills
Active
$2,995,000
Condo34 N 7TH Street #TH3
Williamsburg
Active
$2,995,000
Mixed Use320 TOMPKINS Avenue
Bedford-Stuyvesant
Active
$2,995,000
Co-op35 Prospect Park W #10A
Park Slope
Active
$2,995,000
Multi Family259 8th Street
Park Slope
$2,995,000
Multi Family1633 CARROLL Street
Weeksville
Active
$2,995,000
Multi Family191 19TH Street
Greenwood Heights
Active
$2,995,000
Multi Family446 State Street
Boerum Hill
Active
$2,995,000
Condo359 13TH Street #1
Park Slope
Active
$2,995,000
Condo168 Plymouth Street #7A
Dumbo
Active
$2,995,000
Condo12 McGuinness Boulevard S #PH7
Greenpoint
Active
$2,995,000
Condo50 BRIDGE PARK Drive #26D
Brooklyn Heights
Active
$2,995,000
Multi Family12A MONROE Street
Bedford-Stuyvesant
Active
$2,995,000
Condo155 Hope Street #THA
Williamsburg
