1,013 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
$2,995,000
Condo333 W 14TH Street #4
Chelsea
Active
$2,995,000
Co-op35 Prospect Park W #10A
Park Slope
Active
$2,995,000
Co-op30 E 62nd Street #4A
Lenox Hill
Active
$2,995,000
Condo311 GREENWICH Street #6CD
Tribeca
Active
$2,995,000
Condo251 W 19TH Street #2D
Chelsea
Active
$2,995,000
Multi Family259 8th Street
Park Slope
Active
$2,995,000
Co-op180 E 79TH Street #15E
Lenox Hill
$2,995,000
Multi Family1633 CARROLL Street
Weeksville
Active
$2,995,000
Multi Family191 19TH Street
Greenwood Heights
Active
$2,995,000
Co-op67 Park Avenue #2BC
Murray Hill
Active
$2,995,000
Multi Family304 W 137th Street #2
Central Harlem
Active
$2,995,000
Multi Family446 State Street
Boerum Hill
Active
$2,995,000
Co-op808 BROADWAY #PHB
Greenwich Village
Active
$2,995,000
Co-op32 W 74TH Street #1
Upper West Side
Active
$2,995,000
Multi Family232 W 137th Street
West Harlem
Active
$2,995,000
Co-op110 E 57th Street #11FGH
Midtown East
Active
$2,995,000
Condo1 Central Park W #30E
Upper West Side
Active
$2,995,000
Condo310 E 53RD Street #4/5G
Turtle Bay
Active
$2,995,000
Condo57 E 73RD Street #1/2
Lenox Hill
Active
$2,995,000
Condo359 13TH Street #1
Park Slope
Active
$2,995,000
Condo1059 3rd Avenue #12A
Lenox Hill
Active
$2,995,000
Condo21 W 17th Street #8
Flatiron
Active
$2,995,000
Condo100 Barclay Street #14K
Tribeca
Active
$2,995,000
Single Family Residence452 W 141ST Street
Hamilton Heights
