THE CONDO BOOK PROJECT

181 Baltic Street Condominium

181 Baltic Street, Brooklyn, NY 11201

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Overview

Units
2 residential
Subway
7 min walk to Bergen St F GCarroll St F G, 12 min
Principals
Carlos Saavedra
Average $/sf
$2,576Homes in Schedule A, as first offered
Common charges
$1,528–$1,867 a monthSponsor's first-year estimate in Schedule A, July 1, 2027 - June 30, 2028
Offering price
$12.3 million total

The sponsor of record is 181 Baltic LLC (Et Al.), represented by Marans Newman Tsolis & Nazinitsky LLC. The offering plan runs 313 pages. The sponsor has filed 1 amendment, the latest in June 2026. The nearest other condo plan on file is 159 Baltic Street Condominium, next door.

Plan CD250342 · Rehab · accepted May 14, 2026 · AG record ↗

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FigureThis building1477 Sackett22 units · 0.6 miaccepted 2026138 Joralemon33 units · 0.4 miaccepted 2026
Common ChargesPer Square Foot / Month$0.67Highest$0.31$0.53
Average Offering PricePer Apartment$6.5MHighest$4.55M$5.16M
Average PricePer Square Foot$2,576Above peers$2,214$2,420
Property TaxesPer Square Foot / Month$0.64In line$0.28$0.81
Average Unit SizeSquare Feet2,521 SFLargest2,056 SF2,134 SF

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Unit mix, closings, budgets, finishes and the team, against 477 Sackett and 138 Joralemon, 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 Schedule A0 of 2

Sales recorded with the Department of Finance (ACRIS) through Nov 30, 2023: 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
181 Baltic LLC (Et Al.)
Principals
Carlos Saavedra
Tax estimate
MGNY Consulting Corp.Prepared the first-year real estate tax projection
Construction lender
S3 Capital$5.5 million recorded

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

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