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
$2,500,000
Co-op1020 PARK Avenue #12/14D
Upper East Side
Active
$2,500,000
Condo303 Greenwich Street #3L
Tribeca
Active
$2,500,000
Co-op425 E 58TH Street #33D
Sutton Place
Active
$2,500,000
Co-op74 5TH Avenue #4A
Greenwich Village
Active
$2,500,000
Condo430 E 58TH Street #36A
Sutton Place
Active
$2,500,000
Co-op180 E END Avenue #PHA
Yorkville
Active
$2,500,000
Mixed Use288 Sumpter Street
Ocean Hill
Active
$2,500,000
Condo438 E 12TH Street #6S
East Village
Active
$2,500,000
Condo325 5th Avenue #41B
Midtown
Active
$2,500,000
Co-op30 5TH Avenue #7E
Greenwich Village
Active
$2,500,000
Single Family Residence235 W 120th Street
West Harlem
Active
$2,500,000
Condo311 W Broadway #7D
SoHo
Active
$2,500,000
Multi Family203 W 136TH Street
Central Harlem
Active
$2,500,000
Condo641 5th Avenue #27A
Midtown East
Active
$2,500,000
Condo609 2ND Avenue #PH3
Kips Bay
Active
$2,500,000
Condo242 Broome Street #5D
Lower East Side
Active
$2,500,000
Co-op444 W 23rd Street #C
Chelsea
Active
$2,500,000
Condo5-09 48th Avenue #7F
Long Island City
Active
$2,500,000
Condo155 W 70TH Street #4B
Lincoln Square
Active
$2,500,000
Co-op201 W 70th Street #37B
Upper West Side
Active
$2,500,000
Condo543 W 122ND Street #8H
Morningside Heights
$2,500,000
Condo255 HUDSON Street #5A
Hudson Square
Active
$2,500,000
Multi Family60-07 43rd Avenue
Woodside
Active
$2,500,000
Multi Family27 Dikeman Street
Red Hook
