THE CONDO BOOK PROJECT

32 Butler Street Condominium

32 Butler Street, Brooklyn, NY 11231

Overview

Units
2 residential
Subway
4 min walk to Bergen St F GCarroll St F G, 6 min
Principals
Carlos Saavedra
Offering price
$11.3 million total

The sponsor of record is 32 Butler LLC, represented by Marans Newman Tsolis & Nazinitsky LLC. The offering plan runs 287 pages. The sponsor has filed 1 amendment, the latest in January 2025. The nearest other condo plan on file is 38 Butler Street Condominium, next door.

Plan CD240019 · Rehab · accepted Aug 9, 2024 · AG record ↗

Closings Pro

Homes closed100% of the homes in the plan2 of 2
Closingsfirst and latest recordedJul 3, 2025 – Jul 8, 2025

Sales recorded with the Department of Finance (ACRIS) through Jul 31, 2025: 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.

All 2 closings
HomeRecordedClosing priceSchedule ADifference
1Jul 3, 2025$6,200,000——
2Jul 8, 2025$5,500,000——

Pro

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
32 Butler LLC
Principals
Carlos Saavedra
Tax estimate
MGNY Consulting Corp.Prepared the first-year real estate tax projection
Construction lender
S3 Capital$4.65 million recorded

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

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