253 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
$2,500,000
Condo717 Grand Street #801
Williamsburg
Active
$2,500,000
Multi Family294 ALBANY Avenue
Crown Heights
Active
$2,500,000
Mixed Use288 Sumpter Street
Ocean Hill
Active
$2,500,000
Multi Family27 Dikeman Street
Red Hook
Active
$2,500,000
Multi Family626 GREENE Avenue
Bedford-Stuyvesant
Active
$2,500,000
Single Family Residence7920 COLONIAL Road
Bay Ridge
Active
$2,500,000
Condop1 CITY Point #63H
Downtown Brooklyn
Active
$2,500,000
Condo85 FLEET Street #54B
Downtown Brooklyn
Active
$2,499,000
Multi Family94 Hawthorne Street
Prospect Lefferts Gardens
Active
$2,499,000
Multi Family751 Franklin Avenue
Crown Heights
Active
$2,498,000
Mixed Use4801 16TH Avenue
Borough Park
Active
$2,495,000
Condo618 Washington Avenue #PH2
Prospect Heights
Active
$2,495,000
Condo330 WYTHE Avenue #6A
Williamsburg
Active
$2,495,000
Condo21 Lincoln Place #1
Park Slope
Active
$2,495,000
Multi Family451 Hancock Street
Stuyvesant Heights
Active
$2,495,000
Multi Family101 Saratoga Avenue
Bedford-Stuyvesant
Active
$2,495,000
Multi Family400 Stuyvesant Avenue
Bedford-Stuyvesant
Active
$2,495,000
Condo271 14TH Street #2711A
Park Slope
Active
$2,495,000
Single Family Residence153 MASPETH Avenue
East Williamsburg
Active
$2,495,000
Co-op65 MIDDAGH Street #3A
Brooklyn Heights
Active
$2,495,000
Single Family Residence287 MIDWOOD Street
Prospect Lefferts Gardens
Active
$2,495,000
Condo174 EAGLE Street #PH
Greenpoint
Active
$2,495,000
Multi Family230 LINCOLN Road
Prospect Lefferts Gardens
Active
$2,495,000
Multi Family507 QUINCY Street
Stuyvesant Heights
