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
$2,590,000
Multi Family232 W 135th Street
West Harlem
Active
$2,590,000
Multi Family24 W 126TH Street
Central Harlem
Active
$2,575,000
Multi Family47-16 39TH Avenue
Sunnyside
Active
$2,575,000
Co-op360 E 72ND Street #C2501
Lenox Hill
Active
$2,575,000
Condo300 E 55TH Street #21D
Sutton Place
Active
$2,572,500
Condo11-37 44TH Drive #TH1
Long Island City
Active
$2,570,000
Condo126 E 57th Street #1403
Midtown East
Active
$2,565,000
Co-op246 W End Avenue #3E
Upper West Side
Active
$2,555,000
Single Family Residence41 Wolcott Street
Red Hook
Active
$2,550,000
Condo60 Riverside Boulevard #2402
Upper West Side
Active
$2,550,000
Condo125 GREENWICH Street #81B
Financial District
Active
$2,550,000
Condo155 W 18th Street #502
Chelsea
Active
$2,550,000
Multi Family390 17th Street
Park Slope
Active
$2,550,000
Condo200 E 95th Street #5C
Upper East Side
Active
$2,550,000
Co-op20 SUTTON Place S #10/11A
Sutton Place
Active
$2,550,000
Condo120 Riverside Boulevard #10-E
Lincoln Square
Active
$2,550,000
Condo250 E 54th Street #29D
Midtown East
Active
$2,550,000
Co-op222 Park Avenue S #8D
Flatiron
Active
$2,549,000
Multi Family241 E 123rd Street #1-7
East Harlem
Active
$2,549,000
Co-op425 E 58TH Street #22H
Sutton Place
Active
$2,535,000
Condo230A 7TH Street #THA
Gowanus
Active
$2,535,000
Single Family Residence418 MACON Street
Stuyvesant Heights
Active
$2,535,000
Condo340 E 64TH Street #27D
Lenox Hill
Active
$2,525,000
Condop20 E 68th Street #9-A
Upper East Side
