1,007 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
$2,200,000
Mixed Use470 MYRTLE Avenue
Clinton Hill
Active
$2,200,000
Multi Family323 E 116TH Street
East Harlem
Active
$2,200,000
Condo429 KENT Avenue #901
Williamsburg
Active
$2,200,000
Co-op39 5th Avenue #12C
Greenwich Village
Active
$2,200,000
Co-op1451 5TH Avenue #3FAM
South Harlem
Active
$2,200,000
Co-op320 E 72ND Street #15B
Lenox Hill
Active
$2,200,000
Co-op111 Barrow Street #6C
West Village
Active
$2,200,000
Co-op49 E 96TH Street #16D
Carnegie Hill
Active
$2,200,000
Condo250 E 40th Street #47C
Murray Hill
Active
$2,200,000
Co-op103 E 84TH Street #8C
Upper East Side
Active
$2,200,000
Condo1 Main Street #4K
Dumbo
Active
$2,200,000
Condo100 Claremont Avenue #12B
Morningside Heights
Active
$2,200,000
Condo422 E 72nd Street #28D
Lenox Hill
Active
$2,200,000
Condo40 E 61ST Street #10B
Lenox Hill
Active
$2,200,000
Condo415 E 54th Street #25C
Sutton Place
Active
$2,200,000
Condo76 MADISON Avenue #4A
NoMad
Active
$2,200,000
Co-op11 W 30th Street #10R
NoMad
Active
$2,200,000
Multi Family163 GREENPOINT Avenue
Greenpoint
Active
$2,200,000
Multi Family251 Bergen Street
Boerum Hill
Active
$2,200,000
Triplex2411 Ave M
Midwood
Active
$2,199,000
Condo15 W 61ST Street #5L
Lincoln Square
Active
$2,199,000
Condo78-29 AUSTIN Street #TH14
Forest Hills
Active
$2,199,000
Multi Family162 Decatur Street
Bedford-Stuyvesant
Active
$2,199,000
Single Family Residence563 W 161ST Street
Washington Heights
