1,006 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
$2,275,000
Co-op180 E 79TH Street #4F
Lenox Hill
Active
$2,275,000
Condo77 Greenwich Street #25-D
Financial District
Active
$2,275,000
Condo160 W 66TH Street #29B
Lincoln Square
Active
$2,275,000
Condo404 PARK Avenue S #6A
NoMad
Active
$2,275,000
Condo30 E 31st Street #11
NoMad
Active
$2,275,000
Condo252 South Street #27L
Chinatown
Active
$2,275,000
Condo252 SOUTH Street #27L
Two Bridges
Active
$2,272,000
Condo121 E 22nd Street #N1403
Gramercy Park
Active
$2,258,000
Condo360 Central Park W #4A
Upper West Side
Active
$2,250,550
Condo401 W 37TH Street #6FS
Hudson Yards
Active
$2,250,000
Co-op370 E 76TH Street #A1808
Lenox Hill
Active
$2,250,000
Condo45 E 7TH Street #5C
East Village
Active
$2,250,000
Mixed Use196 Stanhope Street #RETAIL
Bushwick
Active
$2,250,000
Condo145 Central Park N #2A
Harlem
Active
$2,250,000
Condop210 WARREN Street #25C
Battery Park City
Active
$2,250,000
Condo175 E Broadway #5D
Two Bridges
Active
$2,250,000
Condo200 Riverside Boulevard #7-AA
Lincoln Square
Active
$2,250,000
Co-op29 E 64TH Street #10C
Lenox Hill
Active
$2,250,000
Condo509 Pacific Street #4B
Boerum Hill
Active
$2,250,000
Multi Family881 St Johns Place
Crown Heights
Active
$2,250,000
Condo130 W 19th Street #3D
Chelsea
Active
$2,250,000
Single Family Residence60 Lyman Place
Emerson Hill
Active
$2,250,000
Condo128 W 26TH Street #2
Chelsea
Active
$2,250,000
Condo365 BRIDGE Street #20A
Downtown Brooklyn
