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
$2,525,000
Multi Family162 W 136TH Street
Central Harlem
Active
$2,525,000
Condop70 CHARLTON Street #4C
Hudson Square
Active
$2,525,000
Condo100 E 53rd Street #46B
Midtown East
Active
$2,520,000
Condo250 E 25th Street #11-B
Kips Bay
Active
$2,520,000
Condo125 GREENWICH Street #32D
Financial District
Active
$2,500,000
Condo1280 5TH Avenue #18A
East Harlem
Active
$2,500,000
Condo424 W 52ND Street #PH
Hell's Kitchen
Active
$2,500,000
Co-op35 PIERREPONT Street #6C
Brooklyn Heights
Active
$2,500,000
Co-op165 E 60th Street #5-A
Upper East Side
Active
$2,500,000
Condo39 E 29TH Street #26C
NoMad
Active
$2,500,000
Single Family Residence190 Sullivan Place
Crown Heights
Active
$2,500,000
Condo310 E 53RD Street #11B
Turtle Bay
Active
$2,500,000
Co-op347 W 39th Street #PHNE
Hudson Yards
Active
$2,500,000
Condo107 W 26th Street #2
Chelsea
Active
$2,500,000
Condo717 Grand Street #801
Williamsburg
Active
$2,500,000
Condo30 E 31ST Street #9
NoMad
Active
$2,500,000
Co-op422 W 46TH Street #2R
Hell's Kitchen
Active
$2,500,000
Co-op49 E 96th Street #18B
Upper East Side
Active
$2,500,000
Co-op15 W 12TH Street #11AE
Greenwich Village
Active
$2,500,000
Multi Family294 ALBANY Avenue
Crown Heights
Active
$2,500,000
Co-op444 CENTRAL Park W #18/19G
Manhattan Valley
Active
$2,500,000
Co-op781 5TH Avenue #1205
Lenox Hill
Active
$2,500,000
Condo350 W 42nd Street #51AB
Hell's Kitchen
Active
$2,500,000
Condo20 W 53RD Street #20C
Midtown
