1,012 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
$2,700,000
Condo142 W 19th Street #2
Chelsea
Active
$2,700,000
Condo151 FREEMAN Street #2B
Greenpoint
Active
$2,700,000
Condo88 WITHERS Street #PH1
Williamsburg
Active
$2,700,000
Single Family Residence18 W 130TH Street
Central Harlem
Active
$2,700,000
Condo303 PARK Avenue #2807
Midtown East
Active
$2,700,000
Co-op41 BLEECKER Street #1
NoHo
Active
$2,699,000
Condo231 E 123RD Street #0000
East Harlem
Active
$2,699,000
Multi Family718 Putnam Avenue #Entire Building
Bedford-Stuyvesant
Active
$2,695,000
Condo8 UNION Square S #7B
Greenwich Village
Active
$2,695,000
Condo54 DUPONT Street #TH1
Greenpoint
Active
$2,695,000
Co-op435 E 57TH Street #12B
Sutton Place
Active
$2,695,000
Condo42-60 CRESCENT Street #PH10C
Long Island City
Active
$2,695,000
Condo1965 BROADWAY #18H
Lincoln Square
Active
$2,695,000
Single Family Residence95 2ND Street
Carroll Gardens
Active
$2,695,000
Condo34 N 7TH Street #3Q
Williamsburg
Active
$2,695,000
Co-op1170 5th Avenue #14C
Upper East Side
Active
$2,695,000
Condo845 UNITED NATIONS Plaza #61D
Turtle Bay
Active
$2,695,000
Condo28 CLIFF Street #4
South Street Seaport
Active
$2,695,000
Condo303 E 77th Street #16-A
Upper East Side
Active
$2,695,000
Condo500 W 18th Street #W9D
Chelsea
Active
$2,695,000
Condo100 CLAREMONT Avenue #11F
Morningside Heights
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
