THE CONDO BOOK PROJECT

36 Remsen Street Condominium

36 Remsen Street, Brooklyn, NY 11201

Overview

Units
4 residential
Subway
6 min walk to Borough Hall/Court St 2 3 4 5 RClark St 2 3, 8 min
Principals
Carlos Saavedra
Average $/sf
$2,252Homes in Schedule A, as first offered
Offering price
$17 million total $11.4 million when first offered

The sponsor of record is 36 Remsen LLC, represented by Marans Newman Tsolis & Nazinitsky LLC. The offering plan runs 303 pages. The sponsor has filed 1 amendment, the latest in February 2024. The nearest other condo plan on file is Townhouse On Remsen Condominium, next door.

Plan CD230125 · Rehab · accepted Feb 8, 2024 · AG record ↗

Compare

FigureThis building1118 Remsen24 units · 0.2 miaccepted 2024110 First Place34 units · 1 miaccepted 2023
Common ChargesPer Square Foot / Month$0.43In line$0.47$0.28
Average Offering PricePer Apartment$4.24MAbove peers$3.91M$2.81M
Average PricePer Square Foot$2,252Above peers$2,077$1,847
Average Unit SizeSquare Feet1,882 SFIn line1,883 SF1,523 SF

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Unit mix, closings, budgets, finishes and the team, against 118 Remsen and 110 First Place, 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.

Closings Pro

Homes closed75% of the homes in Schedule A3 of 4
Closing prices vs. Schedule A3 homes: $9,018,865 at closing against $9,050,000 in Schedule A (p. 48)−0.3%
Average closing price3 homes, on their Schedule A square feet$2,255 / SF
Closingsfirst and latest recordedJul 23, 2024 – Sep 12, 2024

Sales recorded with the Department of Finance (ACRIS) through Aug 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 3 closings
HomeRecordedClosing priceSchedule ADifference
2Jul 23, 2024$3,853,331$3,750,000 p. 48+2.8%
3Aug 21, 2024$2,625,000$2,650,000 p. 48−0.9%
4Sep 12, 2024$2,540,534$2,650,000 p. 48−4.1%

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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
36 Remsen LLC
Principals
Carlos Saavedra
Tax estimate
MGNY Consulting Corp.Prepared the first-year real estate tax projection
Construction lender
S3 Capital$7.1 million recorded

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

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