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
$2,700,000
Mixed Use598 PACIFIC Street
Park Slope
Active
$2,700,000
Condo151 FREEMAN Street #2B
Greenpoint
Active
$2,700,000
Condo88 WITHERS Street #PH1
Williamsburg
Active
$2,699,000
Multi Family718 Putnam Avenue #Entire Building
Bedford-Stuyvesant
Active
$2,695,000
Condo54 DUPONT Street #TH1
Greenpoint
Active
$2,695,000
Single Family Residence95 2ND Street
Carroll Gardens
Active
$2,695,000
Condo34 N 7TH Street #3Q
Williamsburg
Active
$2,695,000
Condo455 KEAP Street #TH1
Williamsburg
Active
$2,675,000
Condo85 FLEET Street #58C
Downtown Brooklyn
Active
$2,650,000
Multi Family111 MADISON Street
Bedford-Stuyvesant
Active
$2,649,000
Multi Family250 Lefferts Avenue
Prospect Lefferts Gardens
Active
$2,635,000
Multi Family791A LEXINGTON Avenue
Stuyvesant Heights
Active
$2,600,000
Multi Family265 COVERT Street
Bushwick
Active
$2,600,000
Multi Family1720 11TH Avenue
Windsor Terrace
Active
$2,600,000
Single Family Residence2807 QUENTIN Road
Madison
Active
$2,600,000
Condo1080 Lorimer Street #1F
Greenpoint
Active
$2,595,000
Condo98 Front Street #GRD
Dumbo
Active
$2,595,000
Condo76 N 8TH Street #2
Williamsburg
Active
$2,555,000
Single Family Residence41 Wolcott Street
Red Hook
Active
$2,550,000
Multi Family390 17th Street
Park Slope
Active
$2,535,000
Condo230A 7TH Street #THA
Gowanus
Active
$2,535,000
Single Family Residence418 MACON Street
Stuyvesant Heights
Active
$2,500,000
Co-op35 PIERREPONT Street #6C
Brooklyn Heights
Active
$2,500,000
Single Family Residence190 Sullivan Place
Crown Heights
