1,005 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
$2,495,000
Condo1399 PARK Avenue #PH23
East Harlem
Active
$2,495,000
Condo101 LEONARD Street #5/D
Tribeca
Active
$2,495,000
Co-op3 SHERIDAN Square #7H
West Village
Active
$2,495,000
Single Family Residence10 JUMEL Terrace
Washington Heights
Active
$2,495,000
Condo200 Chambers Street #5H
Tribeca
Active
$2,495,000
Multi Family101 Saratoga Avenue
Bedford-Stuyvesant
Active
$2,495,000
Multi Family400 Stuyvesant Avenue
Bedford-Stuyvesant
Active
$2,495,000
Co-op380 Riverside Drive #2LM
Morningside Heights
Active
$2,495,000
Co-op37B Crosby Street #3
Soho
Active
$2,495,000
Condo271 14TH Street #2711A
Park Slope
Active
$2,495,000
Condo1 W END Avenue #18G
Lincoln Square
Active
$2,495,000
Condo310 W 52ND Street #6E
Hell's Kitchen
Active
$2,495,000
Condop10 CHRISTOPHER Street #1E
West Village
Active
$2,495,000
Condo146 W 57TH Street #39D
Midtown
Active
$2,495,000
Condo695 1ST Avenue #39K
Murray Hill
Active
$2,495,000
Condo174 EAGLE Street #GARDEN
Greenpoint
Active
$2,495,000
Co-op233 W 26TH Street #1RW
Chelsea
Active
$2,495,000
Condo205 E 76th Street #3
Lenox Hill
Active
$2,495,000
Single Family Residence153 MASPETH Avenue
East Williamsburg
Active
$2,495,000
Condo135 W 52ND Street #30B
Midtown
Active
$2,495,000
Co-op65 MIDDAGH Street #3A
Brooklyn Heights
Active
$2,495,000
Condo350 E 18TH Street #5
Gramercy Park
Active
$2,495,000
Co-op15 W 72nd Street #25F
Upper West Side
Active
$2,495,000
Condo165 Lexington Avenue #8B
Kips Bay
