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
$2,195,000
Co-op131 E 69th Street #3A
Lenox Hill
Active
$2,195,000
Condo275 W 96TH Street #20G
Upper West Side
Active
$2,195,000
Co-op415 Central Park W #17D
Upper West Side
Active
$2,195,000
Multi Family15 FORT CHARLES Place
Marble Hill
Active
$2,195,000
Condo772 Metropolitan Avenue #TH
East Williamsburg
Active
$2,195,000
Condo203 W 81ST Street #9B
Upper West Side
Active
$2,195,000
Condo218 W 103RD Street #4E
Manhattan Valley
Active
$2,190,000
Condo330 E 57TH Street #3
Sutton Place
Active
$2,185,300
Condo252 South Street #21H
Chinatown
Active
$2,185,000
Condo1 IRVING Place #G27B
Gramercy Park
Active
$2,185,000
Condo100 E 53RD Street #31B
Midtown East
Active
$2,185,000
Condo21-11 31st Street #PH-2A
Ditmars Steinway
Active
$2,180,000
Condo211 E 13TH Street #5H
East Village
Active
$2,180,000
Condo45-40 VERNON Boulevard #12F
Hunters Point
Active
$2,175,000
Condo401 W 37TH Street #3DS
Hudson Yards
Active
$2,175,000
Condo439 W 36TH Street #5D
Hudson Yards
Active
$2,175,000
Co-op1 W 67th Street #303/304
Upper West Side
Active
$2,175,000
Single Family Residence652 MARLBOROUGH Road
Ditmas Park
Active
$2,175,000
Co-op1 City Point #43H
Downtown Brooklyn
Active
$2,175,000
Condo135 W 52nd Street #12-A
Midtown West
Active
$2,175,000
Co-op135 W 79TH Street #PHAB
Upper West Side
Active
$2,175,000
Condo717 Grand Street #603
Williamsburg
Active
$2,175,000
Condo75 Greene Avenue #3-C
Fort Greene
Active
$2,175,000
Multi Family2044 Madison Avenue
Central Harlem
