720 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
$2,995,000
Condo57 E 73RD Street #1/2
Lenox Hill
Active
$2,995,000
Condo1059 3rd Avenue #12A
Lenox Hill
Active
$2,995,000
Condo21 W 17th Street #8
Flatiron
Active
$2,995,000
Condo100 Barclay Street #14K
Tribeca
Active
$2,995,000
Condo222 E BROADWAY #5D
Lower East Side
Active
$2,995,000
Single Family Residence452 W 141ST Street
Hamilton Heights
Active
$2,995,000
Condo250 E 54th Street #36D
Midtown East
Active
$2,995,000
Condo53 W 53RD Street #21E
Midtown
Active
$2,995,000
Condo16 W 18th Street #8
Flatiron
Active
$2,995,000
Co-op330 E 79TH Street #10AG
Lenox Hill
Active
$2,995,000
Condo400 E 70TH Street #3601
Lenox Hill
Active
$2,995,000
Co-op288 W 92ND Street #5ADE
Upper West Side
Active
$2,995,000
Condo400 W 38TH Street #9CN
Hudson Yards
Active
$2,995,000
Condo1399 PARK Avenue #21B
East Harlem
Active
$2,995,000
Condo350 E 72ND Street #3
Lenox Hill
Active
$2,995,000
Condo301 E 61st Street #16A
Lenox Hill
Active
$2,995,000
Co-op20 RIVER Terrace #17M
Battery Park City
Active
$2,995,000
Co-op600 W End Avenue #6D
Upper West Side
Active
$2,995,000
Co-op363 E 76th Street #5-EF
Upper East Side
Active
$2,995,000
Condo428 W 19TH Street #3A
Chelsea
Active
$2,995,000
Co-op38-50 W 9th Street #3
Greenwich Village
Active
$2,995,000
Condo142 W 21ST Street #2C
Chelsea
Active
$2,995,000
Condo49 Chambers Street #7B
Tribeca
Active
$2,995,000
Co-op81 WOOSTER Street #BASEMENT
SoHo
