1,012 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
$2,950,000
Condo30 FRONT Street #18C
DUMBO
Active
$2,950,000
Condo225 Rector Place #PH-2E
Battery Park City
Active
$2,950,000
Condo29 W 21st Street #MAIS
Flatiron
Active
$2,950,000
Co-op161 W 15th Street #2G
Chelsea
Active
$2,950,000
Condo212 W 95th Street #11A
Upper West Side
Active
$2,950,000
Condo641 5TH Avenue #38B
Midtown East
Active
$2,950,000
Co-op575 PARK Avenue #107
Lenox Hill
Active
$2,950,000
Single Family Residence23 HAMILTON Terrace
Hamilton Heights
Active
$2,950,000
Multi Family183 Lefferts Place
Bedford-Stuyvesant
Active
$2,950,000
Co-op1 Sutton Place S #7C
Sutton Place
Active
$2,950,000
Condo140 W 57TH Street #10A
Midtown
Active
$2,950,000
Co-op25 E END Avenue #13G
Yorkville
Active
$2,950,000
Multi Family500 Madison Street
Stuyvesant Heights
Active
$2,950,000
Multi Family334 E 116TH Street
East Harlem
Active
$2,950,000
Multi Family128 W 121ST Street
South Harlem
Active
$2,935,000
Condo20 ORIENT Avenue #B
East Williamsburg
Active
$2,925,000
Condo21 W 17th Street #11
Flatiron
Active
$2,925,000
Condo289 SCHERMERHORN Street #12B
Downtown Brooklyn
Active
$2,925,000
Co-op650 PARK Avenue #12C
Lenox Hill
Active
$2,925,000
Condo167 E 82ND Street #6B
Upper East Side
Active
$2,925,000
Multi Family356 Quincy Street
Bedford-Stuyvesant
Active
$2,925,000
Condo349 W 51ST Street #4B
Hell's Kitchen
Active
$2,925,000
Condo111 W 56TH Street #PHB
Midtown
Active
$2,900,000
Condo360 E 89TH Street #21C
Yorkville
