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
Co-op81 WOOSTER Street #BASEMENT
SoHo
Active
$2,995,000
Condo49 Chambers Street #7B
Tribeca
Active
$2,995,000
Condo100 CLAREMONT Avenue #36B
Morningside Heights
Active
$2,995,000
Condo207 WYCKOFF Street #1
Boerum Hill
Active
$2,990,000
Condo460 W 42nd Street #PH1J
Hell's Kitchen
Active
$2,990,000
Multi Family508 Hancock Street
Stuyvesant Heights
Active
$2,988,000
Single Family Residence50 Overhill Road
Forest Hills
Active
$2,988,000
Multi Family214 80th Street
Bay Ridge
Active
$2,988,000
Multi Family21-17 38th Street
Astoria
Active
$2,985,000
Co-op1040 PARK Avenue #8E
Carnegie Hill
Active
$2,980,000
Condo146 W 57th Street #56-A
Midtown West
Active
$2,975,000
Condo2 COLUMBUS Avenue #15A
Lincoln Square
Active
$2,975,000
Condo200 E 59TH Street #8A
Sutton Place
Active
$2,975,000
Co-op26 E 93RD Street #7CD
Carnegie Hill
Active
$2,975,000
Mixed Use31-30 14th Street
Astoria
Active
$2,975,000
Co-op249 W 29TH Street #7N
Chelsea
Active
$2,975,000
Condo502 PARK Avenue #8D
Lenox Hill
Active
$2,975,000
Condo15 Broad Street #3120
Financial District
Active
$2,975,000
Condo1 John Street #2C
Dumbo
Active
$2,975,000
Mixed Use430 BEACH 129TH Street
Belle Harbor
Active
$2,950,000
Condop445 Lafayette Street #6B
Greenwich Village
Active
$2,950,000
Condo85 FLEET Street #68F
Downtown Brooklyn
Active
$2,950,000
Condo30 Front Street #18C
Dumbo
Active
$2,950,000
Co-op166 E 61st Street #11F
Lenox Hill
