THE CONDO BOOK PROJECT

170 Clinton Street Condominium

170 Clinton Street, Brooklyn, NY 11201

Overview

Units
5 residential
Subway
4 min walk to Borough Hall/Court St 2 3 4 5 RBergen St F G, 10 min
Principals
Carlos Saavedra
Offering price
$13.3 million total $11.4 million when first offered

The sponsor of record is Marull LLC & 170 Clinton Condominium LLC, represented by Marans Newman Tsolis & Nazinitsky LLC. The offering plan runs 296 pages. The nearest other condo plan on file is 169 Clinton Street Condominium **See File # Cd09-0362**, next door.

Plan CD230259 · Rehab · accepted Sep 10, 2024 · AG record ↗

Compare

FigureThis building175 Eighth25 units · 1.7 miaccepted 2024205 14th35 units · 1.7 miaccepted 2024
Average Offering PricePer Apartment$2.28MIn line$2.43M$2.28M

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Unit mix, closings, budgets, finishes and the team, against 75 Eighth and 205 14th, cited to the offering plans. No credit card required.

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How We Got This
  • Comps: the closest Brooklyn plans on size, $/SF and launch date, within 2 miles when possible.
  • Figures: each building's own offering plan, filed with the NY Attorney General. Nothing is estimated.
  • Checked: a price list publishes only when its math adds up, and building pages cite the plan pages.
  • Labels: In line is between the comps; Below/Above peers is past both by up to 15%; Lowest/Highest by more.

Closings Pro

Homes closed0% of the homes in the plan0 of 5

Sales recorded with the Department of Finance (ACRIS) through Jul 31, 2015: deeds, or transfer tax filings for a building on leased land, of $10,000 or more. A home's first sale since the plan was filed is the sponsor's closing; resales aren't counted. Closing prices are compared with the same home's Schedule A price, as first offered; a deed covering more than one home isn't compared. Amendments often change prices before a home closes, and a deed that includes parking or storage counts its full price. ACRIS records a sale weeks after closing, so recent contracts don't appear yet. Every building's sales.

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Closings are for subscribers

Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

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Budget

From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size

Team

Sponsor
Marull LLC & 170 Clinton Condominium LLC
Principals
Carlos Saavedra
Tax estimate
MGNY Consulting Corp.Prepared the first-year real estate tax projection
Construction lender
S3 Capital$6.16 million recorded

From our research: Do NYC Developers Rehire the Same Firms?

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