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
$2,600,000
Co-op180 RIVERSIDE Drive #3B
Upper West Side
Active
$2,599,999
Co-op1001 5TH Avenue #110C
Upper East Side
Active
$2,599,999
Condo240 W 98TH Street #10/11D
Upper West Side
Active
$2,599,999
Condo721 5TH Avenue #57H
Midtown East
Active
$2,599,000
Condo220 Riverside Boulevard #16-L
Lincoln Square
Active
$2,599,000
Condo66 CLINTON Street #6A
Lower East Side
Active
$2,599,000
Condo400 5th Avenue #34A
Midtown
Active
$2,599,000
Condo33 W 56TH Street #4E
Midtown
Active
$2,595,000
Condo95 Madison Avenue #5G
NoMad
Active
$2,595,000
Condo30 PARK Place #47C
Tribeca
Active
$2,595,000
Co-op210 E 15th Street #10HJK
Gramercy Park
Active
$2,595,000
Condo200 E 61ST Street #18DE
Lenox Hill
Active
$2,595,000
Multi Family353 W 121st Street
Harlem
Active
$2,595,000
Condo98 Front Street #GRD
Dumbo
Active
$2,595,000
Co-op451 W BROADWAY #4N
SoHo
Active
$2,595,000
Single Family Residence549 W 149TH Street
Hamilton Heights
Active
$2,595,000
Condo685 5TH Avenue #8F
Midtown East
Active
$2,595,000
Condo140 W 57TH Street #5A
Midtown
Active
$2,595,000
Co-op7 Park Avenue #18BC
Murray Hill
Active
$2,595,000
Multi Family307 W 136TH Street
Central Harlem
Active
$2,595,000
Condo76 N 8TH Street #2
Williamsburg
Active
$2,595,000
Co-op190 E 72ND Street #34CD
Lenox Hill
Active
$2,595,000
Condo2505 Broadway #7C
Upper West Side
Active
$2,595,000
Condop425 E 63RD Street #PH/ABC
Lenox Hill
