34 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 Queens 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
$2,988,000
Single Family Residence50 Overhill Road
Forest Hills
Active
$2,988,000
Multi Family21-17 38th Street
Astoria
Active
$2,975,000
Mixed Use31-30 14th Street
Astoria
Active
$2,975,000
Mixed Use430 BEACH 129TH Street
Belle Harbor
Active
$2,900,000
Rental31-47 STEINWAY Street #BUILDING
Astoria
Active
$2,850,000
Condo13-33 Jackson Avenue #PH
Hunters Point
Active
$2,799,000
Multi Family41-01 69TH Street
Woodside
Active
$2,750,000
Condo21-11 31st Street #PH-2F
Ditmars Steinway
Active
$2,725,000
Condo24-01 Queens Plaza N #1701
Long Island City
Active
$2,695,000
Condo42-60 CRESCENT Street #PH10C
Long Island City
Active
$2,680,000
Condo46-20 11TH Street #7B
Hunters Point
Active
$2,650,000
Condo24-01 Queens Plaza N #1701-A
Long Island City
Active
$2,600,000
Mixed Use180-18 HILLSIDE Avenue
Hollis
Active
$2,575,000
Multi Family47-16 39TH Avenue
Sunnyside
Active
$2,572,500
Condo11-37 44TH Drive #TH1
Long Island City
Active
$2,500,000
Condo5-09 48th Avenue #7F
Long Island City
Active
$2,500,000
Multi Family60-07 43rd Avenue
Woodside
Active
$2,500,000
Multi Family37-47 76th Street #MULTI-FAMILY
Jackson Heights
Active
$2,455,000
Condo45-40 VERNON Boulevard #16G
Hunters Point
Active
$2,450,000
Condo21-21 31st Street #PH-A
Ditmars Steinway
Active
$2,399,000
Condo78-29 AUSTIN Street #TH7
Forest Hills
Active
$2,350,000
Condo46-30 CENTER Boulevard #211
Hunters Point
Active
$2,350,000
Condo45-40 VERNON Boulevard #3N
Hunters Point
Active
$2,299,000
Single Family Residence136 BEACH 138TH Street
Belle Harbor
