---
title: "NYC Mansion Tax: When a Price Cut Crosses a Threshold"
description: "Two Manhattan condos were cut $1,000,000 on the same July day. One crossed the $10M mansion tax line and saved its buyer $131,500 more. The full math."
url: "https://realestaterebatesnewyork.com/guides/nyc-mansion-tax-threshold-price-cuts-july-2026"
source: "Real Estate Rebate Team"
datePublished: "2026-08-11"
dateModified: "2026-09-11T16:25:04.659Z"
---

# Two Manhattan condos were cut $1,000,000 on the same day. One crossed a mansion tax line.

Closing Costs · By Régis Roumila · August 11, 2026

What twenty of July's published price cuts are actually worth to a buyer, once the tax that steps at fixed price points is counted.

![Residence 28DEF at the Park Millennium, 111 West 67th Street, asking $10,800,000 after a $1,000,000 cut on 8 July 2026. Listing photo courtesy of Compass.](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/817b72c6-6627-46b9-b06f-4c0ba1be4463.png)

*Residence 28DEF at the Park Millennium, 111 West 67th Street, asking $10,800,000 after a $1,000,000 cut on 8 July 2026. Listing photo courtesy of Compass.*

## A price cut and the saving it creates are not the same size

On 15 July, CityRealty published its weekly roundup of New York price reductions, covering more than 250 condos, co-ops, condops and townhouses that were cut in the week of 7 to 13 July. Twenty-eight of them got a write-up. Twenty of those twenty-eight sit in our own listing data, with the full price-event history attached to each one.

A roundup like that reports two numbers per apartment, the old price and the new one, and treats the gap as the story. For a buyer the gap is not the story. The mansion tax a New York buyer pays at closing is charged on the entire purchase price, and the rate steps up at fixed price points rather than sliding. So a cut that carries an apartment across one of those points cuts the rate on every dollar of the price, not only on the dollars that came off.

Two apartments on that list were cut by exactly $1,000,000, on exactly the same day, 8 July. One crossed a line. The other stopped $800,000 short of one. The two buyers are looking at savings that differ by $99,000, and nothing in either listing says so.

### The same $1,000,000, cut on the same day, one threshold apart

Both apartments are resale condominiums. Both were reduced by $1,000,000 on 8 July 2026. Mansion tax below is computed on the full asking price at the rate that applies to that price.

- **Park Millennium, Residence 28DEF — $1,032,500 saved**: Cut from $11,800,000 to $10,800,000. Both prices sit in the same band, so the rate stayed at 3.25%.
  Mansion tax falls from $383,500 to $351,000. The $32,500 of tax relief is simply 3.25% of the cut.
- **Madison Green, Penthouse DF — $1,131,500 saved**: Cut from $10,900,000 to $9,900,000, which carried the price under $10,000,000 and dropped the rate to 2.25%.
  Mansion tax falls from $354,250 to $222,750. The $131,500 of tax relief is four times the cut multiplied by the old rate.
- **What the line was worth — $99,000** (Result): Identical cuts, identical dates, both marketed as a million dollars off.
  The difference is entirely the rate change on the portion of the price that never moved.

**Crossing $10,000,000 was worth $99,000 more to the Madison Green buyer than the identical cut was worth at the Park Millennium, because the rate on the whole price fell from 3.25% to 2.25%.**

*Source: RLS listing price events, NYC mansion tax bands*

### The rate applies to the whole price, which is what turns each threshold into a cliff

New York's mansion tax on residential purchases combines a 1% state base with a New York City supplemental rate that steps at fixed prices. The combined rate is charged on the entire purchase price, not on the amount above the threshold.

| Threshold | Combined rate at or above | Mansion tax at that price | Cost of the last dollar |
| --- | --- | --- | --- |
| $1,000,000 | 1% | $10,000 | $10,000 |
| $2,000,000 | 1.25% | $25,000 | $5,000 |
| $3,000,000 | 1.5% | $45,000 | $7,500 |
| $5,000,000 | 2.25% | $112,500 | $37,500 |
| $10,000,000 | 3.25% | $325,000 | $100,000 |
| $15,000,000 | 3.5% | $525,000 | $37,500 |
| $20,000,000 | 3.75% | $750,000 | $50,000 |
| $25,000,000 | 3.9% | $975,000 | $37,500 |

**Crossing from $9,999,999 to $10,000,000 adds $100,000 of tax to the purchase. That single dollar is the most expensive dollar in the New York residential market.**

*Source: NYC and New York State transfer tax bands — Computed from the band table used by our own mansion tax calculator. The 1% base is the New York State tax; the remainder is the New York City supplemental rate. Purchases below $1,000,000 pay neither. Confirm the figure for your own transaction with your attorney before relying on it.*

## At the Park Millennium the next $800,001 is worth more than it costs

Residence 28DEF asks $10,800,000. The nearest threshold below it is $10,000,000, and the apartment sits $800,000 above it.

Take the price to $9,999,999 and the mansion tax falls from $351,000 to $225,000. The buyer saves $126,000 of tax on top of $800,001 of price, so the whole move is worth $926,001. Every dollar the seller comes down inside that range is worth about $1.16 to the buyer. There is no other stretch of the price ladder where that is true, and it is the single most useful thing a buyer at this address can know before making an offer.

It cuts the other way too, which is the part that catches people at the end of a negotiation. If the two sides settle at $10,050,000 rather than $9,950,000, the buyer's tax goes from $223,875 to $326,625. That is $102,750 of tax to settle $100,000 of price.

One caution worth raising early. A reduction in the purchase price and a credit given at closing can be worth the same to a seller and are not worth the same to a buyer, because this tax reads the price. If you are negotiating anywhere near a line, ask your attorney how your particular structure will be reported before you agree to it.

## The apartment: Residence 28DEF, the Park Millennium

- [111 West 67th Street #28DEF, New York, NY 10023 — $9,999,000, 5 bed, 5 bath](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10023/111-west-67th-street-def-28DEF-ny-10023)

## The floor plan explains why the City taxes this apartment as three

![Floor plan of Residence 28DEF at 111 West 67th Street showing the combined D, E and F lines across the 28th floor](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f12f1b39-e1b7-43a8-b77e-a3eb02132b62.png)

*Residence 28DEF, 4,500 square feet across the D, E and F lines of the 28th floor. Floor plan courtesy of Compass through REBNY RLS.*

28DEF is a half floor assembled out of three original apartments, and the Department of Finance still bills it as three. Our tax records carry it under three separate lots, 1011391303, 1011391304 and 1011391305, which together carry a 2026/27 market value of $1,620,284 and a tax bill of $85,887.

That combined market value is 15% of the asking price, which is normal for a Manhattan condominium and still surprises people who expect the two numbers to be related.

It also creates a question we cannot answer from our data, and it is worth raising rather than papering over. New York's second-home surcharge is computed from the DOF market value rather than from the price, and it starts at $1,000,000 of market value. Run it on the combined $1,620,284 and our calculator returns an estimated $64,811 a year, at the 4% rate that applies between $1,000,000 and $3,000,000. But the three lots are valued separately, and on the most recent City roll that published them individually they came to $407,497, $527,762 and $310,370. Each one is a long way below the threshold. So whether this apartment carries roughly $64,811 a year or nothing at all depends on whether the surcharge reads the residence or the tax lot, and a buyer planning to use it as a pied-à-terre should get that confirmed in writing before it becomes a surprise.

The listing states annual property taxes of $83,004 against the Department of Finance figure of $85,887 for the current year. The gap is small and normal, and the DOF figure is the one the City bills.

### The seller bought this apartment thirteen months ago

1. Previous campaign: **The apartment was on the market and did not make its price** (Before July 2025)
   The prior listing asked $10,750,000. It closed 4.2% below that.
2. Recorded purchase: **Sold for $10,300,000** (28 July 2025) [Important]
   A full-interest deed recorded against all three lots, at $2,276 a square foot on the 4,524 feet the previous listing declared.
3. Relisted: **Back on at $11,800,000** (29 April 2026)
   Nine months after the purchase, at $2,622 a foot on a restated 4,500 feet, or 14.6% above the recorded price.
4. Reduction: **Cut to $10,800,000** (8 July 2026) [Important]
   Down 8.47%, and $500,000 above the price the current owner paid twelve months earlier.
5. Today: **Still available at $10,800,000** (11 August 2026) [Important]
   Four weeks after the reduction was published, the apartment remains active at the reduced price.

**After the cut, the ask is $500,000 above what the current owner paid in July 2025, before any of the costs of selling.**

## Where those dates come from, and what our own records got wrong

The purchase is a matter of public record. The deed sits in ACRIS as document 2025080100753004, dated 28 July 2025, at $10,300,000, transferring 100% of the interest, and it is filed against all three of the lots that make up 28DEF.

Our own sales mirror held that transaction under the unit label 28-D, and so does StreetEasy, which lists the 2025 campaign at 4,524 square feet and $2,276 a foot. CityRealty's own page for the apartment still shows a last price of $10,750,000, which is the prior asking price rather than the sale. Three sources, three labels, one apartment. Whenever you are trying to find out what an apartment last traded for, match on the line letters and the floor rather than on the unit string, because a combined apartment is almost always recorded under the name of only one of its parts.

One number in this section is not ours to compute. The 4,500 square feet in the current listing and the 4,524 in the previous one are both broker-declared, and they move the per-foot figure by about $12. We have used each campaign's own declared area for its own per-foot number and said which is which.

## The apartment that crossed: Penthouse DF, Madison Green

- [5 East 22ND Street #PHDF, New York, NY 10010 — $9,900,000, 5 bed, 3.5 bath](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10010/5-east-22nd-street-phdf-PHDF-ny-10010)

## At Madison Green the crossing has already happened, and the risk runs the other way

![View south and west from the terrace of Penthouse DF at 5 East 22nd Street toward One World Trade Center](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8233fdd2-758a-4fcf-81ed-6e4223356ca0.jpg)

*The view from Penthouse DF, 5 East 22nd Street, over the Flatiron rooftops toward One World Trade Center. Listing image courtesy of Douglas Elliman Real Estate through REBNY RLS.*

Penthouse DF asks $9,900,000, which is $100,000 under the $10,000,000 threshold. The seller has already handed the buyer the rate change. What matters now is that it survives to closing, because a negotiation that moves the price up by $150,000 for any reason at all, a fixture, a closing date, an extra month of occupancy, costs the buyer roughly $104,000 in tax on top of the $150,000.

The apartment is a 3,617 square foot duplex penthouse with terraces on both levels, asking $2,737 a foot. The building's other penthouse gives that figure a test. Penthouse N closed on 1 April 2026 at $4,250,000, recorded in ACRIS as a full-interest deed, on 1,571 feet. That is $2,705 a foot. So the surviving penthouse is asking within 1.2% of what the last penthouse in the building actually got, four months earlier. Penthouse N had launched at $5,400,000 and took a 21.3% reduction on the way.

The owner of Penthouse DF bought in August 2015 for $6,500,000, on a deed filed against both the PH-D and PH-F lots. Our sales mirror holds no row for this apartment at all, in either its combined or its component form; the 2015 price came from ACRIS directly. That is worth saying plainly rather than burying, because it is the second time in this article that our own records were thinner than the City's.

### Twenty of the twenty-eight published cuts, and which of them crossed a line

Every apartment from the 15 July roundup that we hold in our own listing data. Rates are the combined mansion tax rate at the price before the cut and at the price after it. Five of the twenty crossed a threshold.

| Residence | Asking after the cut | Published cut | Rate before | Rate after | Mansion tax saved |
| --- | --- | --- | --- | --- | --- |
| 414 East 50th St, townhouse | $14,500,000 | $500,000 | 3.5% | 3.25% | $53,750 |
| 111 West 67th St #28DEF | $10,800,000 | $1,000,000 | 3.25% | 3.25% | $32,500 |
| 5 East 22nd St #PHDF | $9,900,000 | $1,000,000 | 3.25% | 2.25% | $131,500 |
| 402 West 20th St, townhouse | $8,495,000 | $1,500,000 | 2.25% | 2.25% | $33,750 |
| 870 Fifth Ave #14E | $7,950,000 | $800,000 | 2.25% | 2.25% | $18,000 |
| 555 Park Ave #MAIS | $7,250,000 | $700,000 | 2.25% | 2.25% | $15,750 |
| 72 Horatio St #1S | $4,495,000 | $1,255,000 | 2.25% | 1.5% | $61,950 |
| 610 West End Ave #PH-A | $4,250,000 | $745,000 | 1.5% | 1.5% | $11,175 |
| 50 East 77th St #8C | $4,250,000 | $550,000 | 1.5% | 1.5% | $8,250 |
| 15 East 69th St #3B | $3,995,000 | $300,000 | 1.5% | 1.5% | $4,500 |
| 188 East 64th St #3701/3801 | $3,595,000 | $200,000 | 1.5% | 1.5% | $3,000 |
| 458 Broome St #3 | $3,250,000 | $250,000 | 1.5% | 1.5% | $3,750 |
| 501 8th Ave #PH | $2,995,000 | $305,000 | 1.5% | 1.25% | $12,063 |
| 15 West 72nd St #25F | $2,495,000 | $255,000 | 1.25% | 1.25% | $3,188 |
| 30 West St #31-G | $1,838,000 | $652,000 | 1.25% | 1% | $12,745 |
| 530 East 72nd St #4D | $1,500,000 | $300,000 | 1% | 1% | $3,000 |
| 11 West 81st St #PHB | $848,000 | $31,000 | 0% | 0% | $0 |
| 300 East 95th St #10A | $750,000 | $80,000 | 0% | 0% | $0 |
| 40 Schaefer St #2B | $525,000 | $25,000 | 0% | 0% | $0 |
| 303 East 57th St #14J | $338,000 | $61,000 | 0% | 0% | $0 |

**The five crossings are 414 East 50th Street, Penthouse DF, 72 Horatio Street, 501 8th Avenue and 30 West Street. Between them they carry $272,008 of tax relief that no listing mentions.**

*Source: RLS listings and price events, CityRealty roundup of 15 July 2026, NYC mansion tax bands — The published cut is the pair of figures CityRealty printed. On four of these listings that pair is measured from the original asking price rather than from the price immediately before the July reduction: our price events show 72 Horatio cut from $4,995,000, 610 West End from $4,750,000, 530 East 72nd from $1,595,000 and 501 8th Avenue from $3,199,000. Our own event log holds no row for those intermediate levels either, so neither source carries the complete campaign; the previous-price field on each reduction is what proves the missing steps existed. Eight of the twenty-eight apartments in the roundup are not in our listing data and are excluded rather than estimated. 40 Schaefer Street #2B has since been cut again, to $499,000.*

### Mansion tax saved per $100,000 of price cut

For an apartment that stays inside its band, the tax saved is just the band rate applied to the cut. For one that crosses, the rate falls on the whole remaining price as well. The five that crossed a threshold are 5 East 22nd, 414 East 50th, 72 Horatio, 501 8th Avenue and 30 West Street.

| Category | Mansion tax saved per $100,000 of price reduction |
| --- | --- |
| 5 E 22nd #PHDF | $13,150 |
| 414 E 50th St | $10,750 |
| 72 Horatio #1S | $4,936 |
| 501 8th Ave #PH | $3,956 |
| 111 W 67th #28DEF | $3,250 |
| 402 W 20th St | $2,250 |
| 30 West St #31-G | $1,955 |

**Penthouse DF returned four times as much tax relief per dollar of price cut as Residence 28DEF, on cuts of exactly the same size, published on the same day.**

*Source: RLS price events and NYC mansion tax bands — Computed as the mansion tax difference between the price before and after each published cut, divided by the cut and scaled to $100,000. 30 West Street ranks low despite crossing $2,000,000 because the step there is the smallest on the ladder and the cut was large relative to it.*

## Sellers already price to these lines, and four of them did it on this list alone

Read the twenty-eight asking prices together and a pattern appears that has nothing to do with what the apartments are worth.

402 West 20th Street launched at $9,995,000, which is $5,000 below the $10,000,000 threshold. 610 West End Avenue launched at $4,995,000, $5,000 below the $5,000,000 threshold. 501 8th Avenue cut to $2,995,000, landing $5,000 below $3,000,000. Park South Tower cut to $999,000, $1,000 below the point where the tax begins at all and taking a buyer's liability from $10,950 to nothing.

Four apartments on one week's list, priced to the dollar against a tax the seller does not pay. That is not superstition. An asking price of $5,050,000 is worth less to a seller than $4,995,000 is, because the buyer at $5,050,000 owes $113,625 in tax against $74,925, and the buyer knows it. The listing agents who set these numbers are pricing the buyer's closing costs, and a buyer who does not know the ladder is negotiating against someone who does.

The useful inversion: when an asking price is not sitting just under a line, that tells you something too. Residence 28DEF at $10,800,000 is $800,000 above one. Either nobody has run the number, or the seller is holding a position they expect to give up.

## Four weeks later, here is what the cuts actually bought

A price-cut roundup is published and never revisited, which is a shame, because the interesting part is what happens next. Twenty-eight days after the list ran, this is where our twenty stand.

Two are now in contract. 530 East 72nd Street #4D at the Edgewater went to contract on 28 July, twenty days after its reduction, at $1,500,000. 501 8th Avenue #PH in Park Slope is also pending, at the $2,995,000 that put it under the $3,000,000 line.

One has been cut again. 40 Schaefer Street #2B in Bushwick was reported at $525,000 and went to $499,000 on 28 July, so the cumulative reduction from its May launch is 9.3% rather than the 4.5% the list reported.

The remaining seventeen are still available at their reduced prices, including both of the apartments this article is about. One of them has been available for a lot longer than the reduction suggests: 30 West Street #31-G was first listed in January 2024, came back to market on 2 July 2026 and was cut on 10 July. Two and a half years is not a fact that appears anywhere in a weekly roundup, and it is the kind of thing that changes how an offer is written.

### Where does your target price sit relative to a line?

Which of these describes the price you are actually negotiating around?

- **A little above a threshold** — Your target price is within a few percent above $1M, $2M, $3M, $5M, $10M, $15M, $20M or $25M.
  This is the strongest negotiating position on the ladder (Potential exemption): Each dollar of reduction down to the threshold is worth more than a dollar to you, because the rate falls on the whole price when you cross. Work out the crossing value before you make an offer.
  [Run the mansion tax on both prices](https://realestaterebatesnewyork.com/calculators/nyc-mansion-tax-calculator)
- **Just under a threshold already** — The asking price sits a little below a line, as Penthouse DF does at $9,900,000.
  Protect the position through to closing (Review required): Anything that raises the recorded price back over the line costs far more than its face value. Agree with your attorney how any late adjustment will be reported before you accept it.
  [See the full buyer closing cost picture](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- **Comfortably inside a band** — The nearest threshold is far enough away that no realistic negotiation reaches it.
  The tax is simply a percentage of whatever you agree: Every dollar off saves you the band rate and nothing more, so negotiate on the property rather than on the tax. The rate still applies to the entire price.
  [Read a full buyer analysis](https://realestaterebatesnewyork.com/guides/walker-tower-212-west-18th-street-buyer-analysis)
- **Buying somewhere that will not be your primary residence** — A pied-à-terre or a second home, whatever the purchase price turns out to be.
  A separate annual charge applies, and it reads a different number (Potential exposure): New York's second-home surcharge is computed from the Department of Finance market value rather than the price. At Residence 28DEF the combined market value is $1,620,284 against a $10,800,000 ask. The apartment is billed as three lots, each valued below the $1,000,000 threshold, so whether a surcharge applies at all is a question for your attorney.
  [Estimate the second-home surcharge](https://realestaterebatesnewyork.com/calculators/nyc-second-home-tax-calculator)

**The threshold ladder is fixed and public, so knowing which rung you are standing on costs nothing and changes what an offer is worth.**

## What I would do about either of these apartments

If you are looking at anything on this list, the first thing I would work out is where the nearest threshold sits below your target price, and how far the seller has already moved toward it. Both questions are answerable before you speak to anybody.

At the Park Millennium the answer is unusually clear, because the seller's own cost is on the public record. They paid $10,300,000 in July 2025 and are asking $10,800,000 now, so there is $500,000 between the current ask and what the apartment cost them, before brokerage and transfer taxes take their share of it. The threshold is $800,000 below the ask. A buyer who gets there is $926,000 better off, and $126,000 of that is tax the seller never sees, which makes it the cheapest concession in the negotiation for them to give. I would open by asking the listing agent what the 2025 purchase price was. If they would rather not say, the deed says it anyway.

At Madison Green the crossing is already done and my advice is the opposite: leave it alone. The apartment is $100,000 under the line and the last comparable penthouse in the building closed in April at $2,705 a foot against this one's $2,737 ask, so the price is close to defensible on the evidence. The risk here is not that you overpay by a lot. It is that a small, reasonable-sounding adjustment late in the process pushes the recorded price back over $10,000,000 and costs you six figures for no reason. Decide in advance what your ceiling is and make it $9,999,999.

The general rule for anyone buying in New York this year: get the reduction, then get it in the price. A credit at closing and a lower purchase price can look interchangeable across a table and are not interchangeable to you, because this tax reads the price.

And the number that is not in either listing. Our Buyer Advantage on a resale purchase is up to 1.5% of the price paid back to you at closing, which is up to $162,000 at the Park Millennium's current ask and up to $148,500 at Madison Green's. It is a ceiling rather than a promise, and what it comes to depends on the commission being offered and on your buyer agreement. But it is the only figure on this page that moves because of a decision you make rather than one the seller makes.

Sources: asking prices, reductions and status from RLS listing and price-event records as at 11 August 2026. Recorded sales, prices and dates verified against NYC ACRIS. Market values and tax bills from NYC Department of Finance records; building age, storey count and unit counts from NYC PLUTO. Mansion tax and second-home surcharge figures are estimates produced by our own calculators and are not tax advice.

## The rest of July's reductions that are still available

- [414 East 50TH Street, New York, NY 10022 — $14,500,000, 5 bed, 6 bath](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10022/414-east-50th-street-ny-10022)
- [72 Horatio Street #1S, New York, NY 10014 — $4,495,000, 3 bed, 2.5 bath](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10014/72-horatio-street-s-1S-ny-10014)
- [610 West End Avenue #PH-A, New York, NY 10024 — $3,990,000, 3 bed, 2 bath](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10024/610-west-end-avenue-ph-a-PHA-ny-10024)
- [188 East 64TH Street #3701/3801, New York, NY 10065 — $3,595,000, 3 bed, 3.5 bath](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10065/188-east-64th-street-3801-37013801-ny-10065)
- [30 West Street #31-G, New York, NY 10004 — $1,820,000, 2 bed, 2 bath](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10004/30-west-street--g-31G-ny-10004)

## Frequently Asked Questions

### Does a price cut lower the NYC mansion tax?

Yes, and by more than the cut alone when the reduction carries the price across a threshold. The mansion tax is charged on the entire purchase price at a rate that steps up at $1M, $2M, $3M, $5M, $10M, $15M, $20M and $25M, so crossing a line lowers the rate on every dollar rather than just on the dollars that came off. Madison Green's Penthouse DF was cut $1,000,000 to $9,900,000 on 8 July 2026 and the tax fell $131,500, because the rate went from 3.25% to 2.25%. The Park Millennium's 28DEF was cut $1,000,000 the same day, stayed inside its band, and the tax fell only $32,500.

### How is the mansion tax calculated in NYC?

It combines a 1% New York State tax with a New York City supplemental rate, and the combined figure is applied to the whole purchase price rather than to the amount above the threshold. The combined rate is 1% from $1,000,000, 1.25% from $2,000,000, 1.5% from $3,000,000, 2.25% from $5,000,000, 3.25% from $10,000,000, 3.5% from $15,000,000, 3.75% from $20,000,000 and 3.9% from $25,000,000. It is a buyer closing cost, paid once. Purchases below $1,000,000 pay none of it.

### How much does the last dollar cost at a mansion tax threshold?

At $10,000,000 it costs $100,000. A purchase at $9,999,999 carries an estimated $225,000 of mansion tax at 2.25%, and a purchase at $10,000,000 carries $325,000 at 3.25%. The equivalent jumps are $10,000 at the $1,000,000 line, $5,000 at $2,000,000, $7,500 at $3,000,000, $37,500 at $5,000,000, $37,500 at $15,000,000, $50,000 at $20,000,000 and $37,500 at $25,000,000. This is why asking prices cluster just below the lines.

### What is Residence 28DEF at the Park Millennium asking, and what did it last sell for?

It asks $10,800,000 after a $1,000,000 reduction on 8 July 2026, for 4,500 square feet, five bedrooms and five bathrooms on the 28th floor of 111 West 67th Street. The current owner bought it on 28 July 2025 for $10,300,000, recorded in ACRIS as a full-interest deed against the three lots that make up the apartment. The present ask is $500,000 above that purchase price, before the costs of selling.

### Can I still get a rebate on an apartment that has already been reduced?

Yes. A price reduction is the seller's decision and the Buyer Advantage is a share of the commission on the purchase, so the two are independent. On a resale it is up to 1.5% of the price paid back to you at closing, which would be up to $162,000 at the Park Millennium's current asking price and up to $148,500 at Madison Green's. It is a ceiling rather than a promise, and what you receive depends on the commission offered and on your buyer agreement.

---

**Have Questions Before You Buy?** Whether you are just starting your search or ready to make an offer, connect directly with Régis for high-level guidance, custom market reports, or to discuss the Buyer Commission Share.

[Schedule a consultation](https://realestaterebatesnewyork.com/contact)