THE CONDO BOOK PROJECT

2634 Butler Place Condominium

26 & 34 Butler Place, Brooklyn, NY 11238

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Overview

Units
48 residential · 5 storage
Subway
4 min walk to Grand Army Plaza 2 37 Av B Q, 7 min
Principals
Harry L. Johansen, Ronald K. Johansen
Common charges
$374–$924 a monthSponsor's first-year estimate in Schedule A, July 1, 1989 to June 30, 1990
Offering price
$24.4 million total

The sponsor of record is Butler Place Condos LLC & Butler Place Rentals LLC, represented by Ganfer Shore Leeds & Zauderer, LLP. The offering plan runs 286 pages. The sponsor has filed 22 amendments, the latest in October 2024. The nearest other condo plan on file is Butler Heights Condominium, next door.

Plan CD040412 · Conversion · accepted Sep 30, 2005 · AG record ↗

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FigureThis building1Park Slope West210 units · 0.7 miaccepted 2005579 Washington316 units · 0.4 miaccepted 2002
Average Offering PricePer Apartment$82,464Lowest$336,742$233,938

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Unit mix, closings, budgets, finishes and the team, against Park Slope West and 579 Washington, 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.

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
Butler Place Condos LLC & Butler Place Rentals LLC
Principals
Harry L. Johansen, Ronald K. Johansen
Tax estimate
Koeppel, Sommer. and Del Casino, P.C.Prepared the first-year real estate tax projection

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

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