1,011 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 NYC 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
$2,785,000
Condo250 W 96TH Street #12F
Upper West Side
Active
$2,777,000
Condo721 5TH Avenue #62C
Midtown East
Active
$2,775,000
Condo15 Hudson Yards #33E
Hudson Yards
Active
$2,775,000
Condo1 Wall Street #3507
Financial District
Active
$2,770,000
Condo2 COLUMBUS Avenue #31C
Lincoln Square
Active
$2,750,000
Co-op320 E 72ND Street #6A
Lenox Hill
Active
$2,750,000
Co-op139 E 63RD Street #PHA
Lenox Hill
Active
$2,750,000
Triplex101 Decatur Street #Entire Building
Bedford-Stuyvesant
Active
$2,750,000
Co-op31 Jane Street #6F
West Village
Active
$2,750,000
Condop1 CITY Point #41E
Downtown Brooklyn
Active
$2,750,000
Condo330 WYTHE Avenue #4E
Williamsburg
Active
$2,750,000
Condop401 E 89TH Street #18/19E
Yorkville
Active
$2,750,000
Co-op34 Gramercy Park E #8C
Gramercy Park
Active
$2,750,000
Condo250 E 49th Street #14CD
Midtown East
Active
$2,750,000
Condo641 5TH Avenue #38E
Midtown East
Active
$2,750,000
Co-op333 E 57th Street #13A
Sutton Place
Active
$2,750,000
Condo21-11 31st Street #PH-2F
Ditmars Steinway
Active
$2,750,000
Condo555 W 59th Street #15B
Lincoln Square
Active
$2,750,000
Condo515 DEAN Street #2A
Prospect Heights
Active
$2,750,000
Co-op61 JANE Street #8J
West Village
Active
$2,750,000
Condo421 Hudson Street #520
West Village
Active
$2,750,000
Co-op55 E 9TH Street #10G
Greenwich Village
Active
$2,750,000
Condo333 E 82ND Street #3A
Yorkville
Active
$2,750,000
Condo720 W END Avenue #10F
Upper West Side
