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
Single Family Residence287 MIDWOOD Street
Prospect Lefferts Gardens
Active
$2,495,000
Condo174 EAGLE Street #PH
Greenpoint
Active
$2,495,000
Multi Family230 LINCOLN Road
Prospect Lefferts Gardens
Active
$2,495,000
Co-op55 E End Avenue #12HJ
Upper East Side
Active
$2,495,000
Multi Family507 QUINCY Street
Stuyvesant Heights
Active
$2,495,000
Condo203 W 90th Street #7H
Upper West Side
Active
$2,495,000
Condo50 Riverside Boulevard #5-B
Lincoln Square
Active
$2,495,000
Single Family Residence637 Mac Donough Street
Bedford-Stuyvesant
Active
$2,495,000
Co-op360 E 72ND Street #C2501
Lenox Hill
Active
$2,495,000
Co-op114 W 27th Street #4S
Chelsea
Active
$2,495,000
Co-op119 W 71ST Street #2B
Lincoln Square
Active
$2,495,000
Condo30 PARK Place #42C
Tribeca
Active
$2,495,000
Condo11 E 29th Street #20A
Flatiron
Active
$2,495,000
Condo345 E 80TH Street #19EF
Yorkville
Active
$2,495,000
Condo28 HERBERT Street #5A
Williamsburg
Active
$2,495,000
Condo127 KENT Avenue #PH2B
Williamsburg
Active
$2,495,000
Co-op70 W 36TH Street #5C
Midtown
Active
$2,495,000
Co-op120 Central Park S #6AB
Central Park South
Active
$2,495,000
Co-op410 E 57th Street #PHAB
Sutton Place
Active
$2,490,000
Condo460 W 42ND Street #PH3F
Hell's Kitchen
Active
$2,490,000
Condo640 W 237TH Street #20B
Central Riverdale
Active
$2,490,000
Condo252 7TH Avenue #10F
Chelsea
Active
$2,490,000
Multi Family183 19TH Street
Greenwood Heights
Active
$2,480,000
Condo151 W 21ST Street #4B
Chelsea
