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
$2,650,000
Condo30 E 31st Street #32
NoMad
Active
$2,650,000
Condo95 Vandam Street #2R
Hudson Square
Active
$2,650,000
Multi Family111 MADISON Street
Bedford-Stuyvesant
Active
$2,650,000
Condo251 W 89th Street #11D
Upper West Side
Active
$2,650,000
Condo210 Lafayette Street #2D
SoHo
Active
$2,649,000
Multi Family250 Lefferts Avenue
Prospect Lefferts Gardens
Active
$2,645,000
Condo555 W 59TH Street #17B
Lincoln Square
Active
$2,635,000
Multi Family791A LEXINGTON Avenue
Stuyvesant Heights
Active
$2,625,000
Condo141 E 88TH Street #9H
Carnegie Hill
Active
$2,605,000
Condo38 E 35TH Street #10F
Murray Hill
Active
$2,600,000
Condo120 E 29TH Street #TH1
NoMad
Active
$2,600,000
Condo260 PARK Avenue S #10G
Flatiron
Active
$2,600,000
Mixed Use180-18 HILLSIDE Avenue
Hollis
Active
$2,600,000
Co-op180 Riverside Drive #3B
Upper West Side
Active
$2,600,000
Single Family Residence1233 Todt Hill Road
Todt Hill
Active
$2,600,000
Multi Family265 COVERT Street
Bushwick
Active
$2,600,000
Condo1 Central Park W #1210
Upper West Side
Active
$2,600,000
Multi Family1720 11TH Avenue
Windsor Terrace
Active
$2,600,000
Multi Family152 W 121ST Street
South Harlem
Active
$2,600,000
Single Family Residence2807 QUENTIN Road
Madison
Active
$2,600,000
Condo1080 Lorimer Street #1F
Greenpoint
Active
$2,600,000
Single Family Residence1233 Todt Hill Road
Todt Hill
Active
$2,600,000
Condo40 E 78TH Street #10B
Lenox Hill
Active
$2,600,000
Condo351 E 51st Street #11C
Midtown East
