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.
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
$
Title insurance, attorney fees, transfer taxes paid by you as buyer, mortgage recording tax. These add to your cost basis.
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 (2+ of last 5 years)
NYC resident