Calculator
NYC Capital Gains Tax Calculator
Capital gains tax on a Manhattan apartment sale is the stack: federal long-term capital gains (0%, 15%, or 20% depending on your income), the 3.8% Net Investment Income Tax for higher earners, New York State income tax (4% to 10.9%, no preferential rate for capital gains), and — if you’re a NYC resident — the city add-on (3.078% to 3.876%). Renovations add to your basis. The Section 121 exclusion can shelter up to $500K of gain on a primary residence. Plug in the numbers below and see the full breakdown.
Pick the building to see its closed sales. The address also goes on your PDF breakdown.
Sale side
Sale price
$
Broker commission
%
$180,000Co-op flip tax
$
Zero for condos. For co-ops, check your proprietary lease.
Seller’s attorney
$
Cost basis
Original purchase price
$
Acquisition costs at purchase
$
Owner’s title insurance, purchase-related attorney and recording fees, and transfer taxes you paid as buyer (such as the mansion tax). These add to your cost basis. Costs of obtaining a mortgage (points, lender fees, mortgage recording tax) generally do not. Confirm with your accountant (IRS Publication 523).
Capital improvements
$
Kitchen remodels, bathroom renovations, structural work, additions. NOT routine repairs (painting, fixing leaks, etc.).
Years held
Long-term (>1 year) → preferential federal rate
Filing & eligibility
Filing status
Annual ordinary income (excluding this sale)
$
Used to determine your federal LTCG bracket (0%/15%/20%) and your NIIT exposure.
Primary residence (Section 121 exclusion)
Check only if you owned and lived in the home as your main home for at least 2 of the 5 years before the sale, and have not used the exclusion on another home in the last 2 years. The $500K amount also requires a joint return and that both spouses meet the use test. Partial exclusions exist for some early sales.
NYC resident
Selling, and want the number to hold up?
The gains math turns on your cost basis, improvements, and the Section 121 exclusion. Before you list, get a private pricing opinion from The Roebling Team at Compass so you price the sale with the tax exposure in view.
Get a private pricing opinion →