THE CONDO BOOK PROJECT

32 Rutgers Street Condominium

32 Rutgers Street, Manhattan, NY 10002

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Overview

Units
10 residential · 1 commercial
Subway
1 min walk to East Broadway FDelancey St-Essex St F J M Z, 8 min
Developer
USASENWELL Fund Management LLC
Average $/sf
$1,289Homes in Schedule A, as first offered
Common charges
$419–$1,152 a monthSponsor's first-year estimate in Schedule A, January 1, 2025 – December 31, 2025
Offering price
$7.26 million total

The sponsor of record is Soho NY Property LLC, represented by Jeffrey Zwick & Associates, PC. The offering plan runs 318 pages. The sponsor has filed 2 amendments, the latest in July 2025. The nearest other condo plan on file is Rutgers Tower Condominium, next door.

Plan CD240175 · New · accepted Jan 6, 2025 · AG record ↗

Compare

FigureThis building1128 Hester28 units · 0.4 miaccepted 2025Freeman Residences At The Freeman318 units · 0.6 miaccepted 2025
Common ChargesPer Square Foot / Month$0.96Lowest$1.41$1.68
Average Offering PricePer Apartment$691,000Lowest$1.28M$2.05M
Average PricePer Square Foot$1,289Lowest$1,604$2,863
Property TaxesPer Square Foot / Month$3.21Highest$1.74$1.91
Average Unit SizeSquare Feet536 SFSmallest799 SF717 SF

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Unit mix, closings, budgets, finishes and the team, against 128 Hester and Freeman Residences At The Freeman, cited to the offering plans. No credit card required.

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How We Got This
  • 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.

Closings Pro

Homes closed20% of the homes in Schedule A2 of 10
Closing prices vs. Schedule A2 homes: $1,204,590 at closing against $1,200,000 in Schedule A (p. 30)+0.4%
Average closing price2 homes, on their Schedule A square feet$1,208 / SF
Closingsfirst and latest recordedMar 31, 2025

Sales recorded with the Department of Finance (ACRIS) through Aug 31, 2026: 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
2AMar 31, 2025$588,549$580,000 p. 30+1.5%
3AMar 31, 2025$616,041$620,000 p. 30−0.6%

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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
Soho NY Property LLC
Developer
USASENWELL Fund Management LLC
Tax estimate
MGNY Consulting Corp.Prepared the first-year real estate tax projection

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

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