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
$2,895,000
Condo500 W 18TH Street #WEST18B
Chelsea
Active
$2,895,000
Condo360 Furman Street #715
Brooklyn Heights
Active
$2,895,000
Condo230 E 63RD Street #5
Lenox Hill
Active
$2,895,000
Condo88 LEXINGTON Avenue #1007
NoMad
Active
$2,895,000
Condo464 W 44th Street #PHC
Midtown West
Active
$2,895,000
Multi Family90 Ryerson Street
Clinton Hill
Active
$2,895,000
Condo101 W 79th Street #18A
Upper West Side
Active
$2,895,000
Condo303 W 113TH Street #3
South Harlem
Active
$2,895,000
Condo200 Chambers Street #21E
Tribeca
Active
$2,895,000
Condo127 KENT Avenue #PH2E
Williamsburg
Active
$2,895,000
Co-op20 RIVER Terrace #26B
Battery Park City
Active
$2,895,000
Condo53 W 119TH Street #UNIT1
South Harlem
Active
$2,895,000
Condo464 W 44TH Street #PHC
Hell's Kitchen
Active
$2,890,000
Condo202 BROOME Street #9M
Lower East Side
Active
$2,890,000
Multi Family301 23rd Street
Greenwood Heights
Active
$2,875,000
Condo250 W 96TH Street #7C
Upper West Side
Active
$2,875,000
Condo6 GARFIELD Place #PH1201
Park Slope
Active
$2,855,000
Condo252 South Street #76E
Chinatown
Active
$2,855,000
Condo252 SOUTH Street #76E
Two Bridges
Active
$2,850,000
Condo732 W End Avenue #14
Upper West Side
Active
$2,850,000
Condo13-33 Jackson Avenue #PH
Hunters Point
Active
$2,850,000
Rental55 CUMBERLAND Street #BLDG
Fort Greene
Active
$2,850,000
Co-op7 GRACIE Square #2/3CD
Yorkville
Active
$2,850,000
Multi Family46 W 126th Street
West Harlem
