7 properties priced at $3M and above
Buying a $3M+ apartment in NYC means a mansion tax of at least 1.50% of the full price, paid by the buyer at closing: $45,000 on a $3,000,000 contract, rising to 2.25% at $5,000,000, 3.25% at $10,000,000 and 3.90% at $25,000,000 and above. The rate applies to the whole price, so it is a cash cost on top of the down payment that a mortgage will not cover.
At this level the choice between a co-op and a condo shapes the whole purchase. A co-op purchase is a transfer of shares, and the board reviews the buyer's full financial package before approving it; a condo is deeded real property and generally needs no board approval. The mansion tax applies to both, since there is no co-op exemption.
Queens's luxury market ($3M+) includes full-service condos, pre-war co-ops in prime locations, penthouses, and townhouses. At this price point, buyers expect private viewings, early word on Coming Soon listings, and discretion throughout the transaction.
With over 25 years in NYC real estate, I search both REBNY RLS and OneKey MLS, including Coming Soon listings when the listing broker files them, and I call listing brokers directly about higher-price inventory. Use the form below to start a private search.
Tell me the price range and what you are after in Queens. I read every request myself, and nothing you write here is shared with a listing broker without your say.
Active
$10,500,000
Mixed Use89-50 127th Street
Richmond Hill
Active
$8,500,000
Rental89-71 164TH Street #COMMERCIAL
Jamaica
Active
$5,600,000
Single Family Residence1-06 SAMOS Lane
Whitestone
Active
$4,500,000
Multi Family28-19 29th Street
Astoria
Active
$4,095,000
Single Family Residence5 Boulevard
Whitestone
Active
$3,550,000
Multi Family21-44 45th Road
Long Island City
Active
$3,300,000
Multi Family21-45 23rd Street
Ditmars Steinway
