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
$2,900,000
Condo720 W END Avenue #3D
Upper West Side
Active
$2,900,000
Condo230 W 56TH Street #54F
Midtown
Active
$2,900,000
Condo2 Columbus Avenue #39B
Upper West Side
Active
$2,900,000
Triplex534 E 24th Street
Ditmas Park
Active
$2,900,000
Co-op480 PARK Avenue #2C
Midtown East
Active
$2,900,000
Condo25 CENTRAL Park W #7T
Lincoln Square
Active
$2,900,000
Single Family Residence34 Zephyr Avenue
Annadale
Active
$2,900,000
Single Family Residence130 Manhattan Avenue
Manhattan Valley
Active
$2,900,000
Rental31-47 STEINWAY Street #BUILDING
Astoria
Active
$2,900,000
Condo1 W END Avenue #11H
Lincoln Square
Active
$2,900,000
Mixed Use362 ATLANTIC Avenue
Boerum Hill
Active
$2,899,000
Condo480 KENT Avenue #9D
Williamsburg
Active
$2,899,000
Condo10 LITTLE WEST Street #18A
Battery Park City
Active
$2,899,000
Single Family Residence14 W 121ST Street
South Harlem
Active
$2,899,000
Co-op111 4th Avenue #12BC
Greenwich Village
Active
$2,895,000
Multi Family138 Madison Street
Bedford-Stuyvesant
Active
$2,895,000
Co-op33 W 93RD Street #4/5D
Upper West Side
Active
$2,895,000
Single Family Residence127 Winthrop Street
Prospect Lefferts Gardens
Active
$2,895,000
Condo395 Broadway #14A
Tribeca
Active
$2,895,000
Condo160 E 22nd Street #18-A
Gramercy Park
Active
$2,895,000
Condop401 E 89TH Street #18/19E
Yorkville
Active
$2,895,000
Mixed Use644 WILSON Avenue
Bushwick
Active
$2,895,000
Condo211 W 14TH Street #10B
Chelsea
Active
$2,895,000
Co-op115 E 67TH Street #8B
Lenox Hill
