718 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 Manhattan 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
$2,695,000
Condo500 W 18th Street #W9D
Chelsea
Active
$2,695,000
Condo100 CLAREMONT Avenue #11F
Morningside Heights
Active
$2,695,000
Condo303 E 77th Street #16-A
Upper East Side
Active
$2,695,000
Condo611 W 56TH Street #17B
Hell's Kitchen
Active
$2,695,000
Condo95 Madison Avenue #5B
NoMad
Active
$2,695,000
Co-op8 E 96TH Street #7C
Carnegie Hill
Active
$2,695,000
Condo140 W 57TH Street #9B
Midtown
Active
$2,695,000
Condo50 CLINTON Street #PHA
Lower East Side
$2,695,000
Condo611 W 56th Street #17-B
Hell's Kitchen
Active
$2,695,000
Rental2628 BROADWAY #22A
Upper West Side
Active
$2,695,000
Condo181 E 65th Street #8D
Lenox Hill
Active
$2,675,000
Condo116 CENTRAL Park S #9A
Central Park South
Active
$2,654,000
Co-op114 E 84TH Street #6B
Upper East Side
Active
$2,650,000
Condop400 E 84TH Street #PH1A
Yorkville
Active
$2,650,000
Condo500 W 18TH Street #W15E
Chelsea
Active
$2,650,000
Condo111 E 88TH Street #5B
Carnegie Hill
Active
$2,650,000
Condo160 W 66th Street #34-G
Lincoln Square
Active
$2,650,000
Co-op360 E 72nd Street #B1409
Lenox Hill
Active
$2,650,000
Condo128 W 26th Street #PH
Chelsea
Active
$2,650,000
Condo5 FRANKLIN Place #9C
Tribeca
Active
$2,650,000
Condo695 1ST Avenue #32D
Murray Hill
Active
$2,650,000
Condo308 E 72nd Street #14A
Lenox Hill
Active
$2,650,000
Multi Family2007 5TH Avenue
South Harlem
Active
$2,650,000
Co-op40-50 E 10th Street #2H
Greenwich Village
