350 Butler Condominium
350 Butler Street, Brooklyn, NY 11217
Overview
- Units
- 34 residential
- Subway
- 5 min walk to Union St RAtlantic Av-Barclays Ctr 2 3 4 5 B D N Q R, 7 min
- Developer
- The Brooklyn Home Company
- Principals
- William Caleo, Lindsay Caleo
- Average $/sf
- $1,333Homes in Schedule A, as first offered
- Common charges
- $224–$1,520 a monthSponsor's first-year estimate in Schedule A, From October 1, 2022 To September 30, 2023
- Offering price
- $61.1 million total
- Floor plans
- Page 81 of the plan
The sponsor of record is 346 Butler LLC, represented by Marcus Attorneys Pllc. The offering plan runs 352 pages. The sponsor has filed 9 amendments, the latest in July 2025. The nearest other condo plan on file is 137 4th Avenue Condominium, next door.
Plan CD210297 · New · accepted May 2, 2022 · AG record ↗
Compare
| Figure | This building1 | Post House241 units · 0.3 miaccepted 2022 | Salvation Lofts346 units · 1.1 miaccepted 2022 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.46In line | $0.89 | $0.43 |
| Average Offering PricePer Apartment | $1.65MIn line | $1.97M | $1.46M |
| Average PricePer Square Foot | $1,333Below peers | $1,542 | $1,417 |
| Property TaxesPer Square Foot / Month | $0.86In line | $0.99 | $0.70 |
| Average Unit SizeSquare Feet | 1,236 SFIn line | 1,275 SF | 1,027 SF |
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Unit mix, closings, budgets, finishes and the team, against Post House and Salvation Lofts, cited to the offering plans. No credit card required.
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- 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.
Units & Prices
Closings Pro
| Homes closed100% of the homes in Schedule A | 34 of 34 |
| Closing prices vs. Schedule A34 homes: $59,674,475 at closing against $56,019,000 in Schedule A (p. 38, p. 39, p. 40) | +6.5% |
| Average closing price34 homes, on their Schedule A square feet | $1,420 / SF |
| Closingsfirst and latest recorded | Dec 8, 2023 – Jul 30, 2025 |
Sales recorded with the Department of Finance (ACRIS) through Jun 30, 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 34 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 5A | Dec 8, 2023 | $1,614,600 | $1,390,000 p. 39 | +16.2% |
| 4A | Dec 12, 2023 | $1,433,000 | $1,380,000 p. 38 | +3.8% |
| 4D | Dec 12, 2023 | $1,740,000 | $1,670,000 p. 39 | +4.2% |
| 6D | Dec 13, 2023 | $1,883,000 | $1,690,000 p. 39 | +11.4% |
| 3A | Dec 15, 2023 | $1,379,000 | $1,315,000 p. 38 | +4.9% |
| 5B | Dec 15, 2023 | $1,450,000 | $1,330,000 p. 39 | +9% |
| 5C | Dec 15, 2023 | $995,000 | $988,000 p. 39 | +0.7% |
| 6C | Dec 15, 2023 | $1,030,000 | $995,000 p. 39 | +3.5% |
| 2A | Dec 18, 2023 | $1,301,634 | $1,295,000 p. 38 | +0.5% |
| 2B | Dec 18, 2023 | $1,296,726 | $1,280,000 p. 38 | +1.3% |
| 4C | Dec 18, 2023 | $990,000 | $978,000 p. 39 | +1.2% |
| 2D | Dec 19, 2023 | $1,575,000 | $1,595,000 p. 38 | −1.3% |
| 3B | Dec 19, 2023 | $1,400,094 | $1,296,000 p. 38 | +8% |
| 1C | Dec 20, 2023 | $824,783 | $850,000 p. 38 | −3% |
| 3C | Dec 20, 2023 | $963,714 | $970,000 p. 38 | −0.6% |
| 3D | Dec 20, 2023 | $1,695,000 | $1,610,000 p. 38 | +5.3% |
| 6B | Dec 27, 2023 | $1,559,098 | $1,340,000 p. 39 | +16.4% |
| 5D | Jan 4, 2024 | $1,770,000 | $1,682,000 p. 39 | +5.2% |
| 6A | Jan 4, 2024 | $1,580,000 | $1,405,000 p. 39 | +12.5% |
| PH2 | Jan 4, 2024 | $4,300,000 | $3,900,000 p. 40 | +10.3% |
| 9B | Jan 9, 2024 | $2,525,000 | $2,240,000 p. 39 | +12.7% |
| 2C | Jan 16, 2024 | $921,516 | $960,000 p. 38 | −4% |
| 1B | Jan 18, 2024 | $1,875,000 | $1,875,000 p. 38 | 0% |
| 7B | Feb 2, 2024 | $2,565,000 | $2,235,000 p. 39 | +14.8% |
| 1A | Mar 7, 2024 | $1,925,000 | $1,890,000 p. 38 | +1.9% |
| 7A | Mar 28, 2024 | $2,565,000 | $2,185,000 p. 39 | +17.4% |
| 4B | Mar 29, 2024 | $1,435,000 | $1,315,000 p. 39 | +9.1% |
| 8A | Apr 30, 2024 | $2,300,000 | $2,130,000 p. 39 | +8% |
| PH1 | Jul 17, 2024 | $4,150,000 | $3,815,000 p. 40 | +8.8% |
| 1D | Jul 19, 2024 | $600,429 | $675,000 p. 38 | −11% |
| 8B | Oct 2, 2024 | $2,395,000 | $2,215,000 p. 39 | +8.1% |
| 10B | Mar 21, 2025 | $2,495,000 | $2,295,000 p. 39 | +8.7% |
| 9A | May 20, 2025 | $1,866,881 | $1,680,000 p. 39 | +11.1% |
| 10A | Jul 30, 2025 | $1,275,000 | $1,550,000 p. 39 | −17.7% |
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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.
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
- 346 Butler LLC
- Developer
- The Brooklyn Home CompanyReported by cityrealty.com
- Principals
- William Caleo, Lindsay Caleo
- Counsel
- Marcus Attorneys Pllc
- Tax estimate
- Metropolitan Realty ExemptionsPrepared the first-year real estate tax projection
From our research: Do NYC Developers Rehire the Same Firms?
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