32 Clinton Condominium
32 Clinton Street A/K/A 172 Stanton Street, Manhattan, NY 10002
Overview
- Units
- 4 residential · 2 commercial
- Subway
- 5 min walk to Delancey St-Essex St F J M Z2 Av F, 7 min
- Developer
- Merchants Properties, Inc.
- Principals
- Linda M. Mekeel, Lowell Reiter, Richard Reiter, Russell Reiter, Sheldon Reiter
- Common charges
- $844–$1,148 a monthSponsor's first-year estimate in Schedule A, January 1, 2009 to December 31, 2009
- Offering price
- $10.8 million total
- Floor plans
- Page 22 of the plan
The sponsor of record is 32 Clinton Associates LLC, represented by Dennis R. Krasner, Esq.. The offering plan runs 300 pages. The sponsor has filed 3 amendments, the latest in June 2011. The nearest other condo plan on file is 14 Clinton Street Condominium, next door.
Plan CD080229 · New · accepted Dec 17, 2008 · AG record ↗
Compare
| Figure | This building1 | Bowery 26324 units · 0.5 miaccepted 2010 | Campbell36 units · 1.4 miaccepted 2008 |
|---|---|---|---|
| Average Offering PricePer Apartment | $2.08MBelow peers | $2.34M | $2.47M |
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Unit mix, closings, budgets, finishes and the team, against Bowery 263 and Campbell, cited to the offering plans. No credit card required.
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- Comps: the closest Manhattan 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.
Units & Prices
Closings Pro
| Homes closed100% of the homes in Schedule A | 4 of 4 |
| Closing prices vs. Schedule A1 home: $2,210,000 at closing against $1,877,250 in Schedule A (p. 37) | +17.7% |
| Closingsfirst and latest recorded | Sep 25, 2009 – Jun 9, 2022 |
Sales recorded with the Department of Finance (ACRIS) through Nov 30, 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 7 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 4A | Sep 25, 2009 | $1,500,000 | — | — |
| 2A | Jan 6, 2010 | $1,450,000 | — | — |
| 3A | Jun 16, 2010 | $1,500,000 | — | — |
| 5A | Jun 16, 2010 | $1,900,000 | — | — |
| A/B | Jul 28, 2011 | $2,150,000 | — | — |
| C | Jul 28, 2011 | $2,150,000 | — | — |
| 2 | Jun 9, 2022 | $2,210,000 | $1,877,250 p. 37 | +17.7% |
Pro
Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
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 Clinton Associates LLC
- Developer
- Merchants Properties, Inc.
- Principals
- Linda M. Mekeel, Lowell Reiter, Richard Reiter, Russell Reiter, Sheldon Reiter
- Counsel
- Dennis R. Krasner, Esq.
- Tax estimate
- Podell, Schwartz, Schechter & BanfieldPrepared the first-year real estate tax projection
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 14 Clinton Street Condominiumnext door · 6 units · 2022
- 148 Attorney Street Condominiumnext door · 6 units · 2018
- 50 Clinton Street Condominiumnext door · 37 units · 2015
- 154 Attorney Street Condominiumnext door · 32 units · 2005
- 66 Clinton Condominiumnext door · 12 units · 2022
- 287 East Houston Condominiumnext door · 28 units · 2016