362 State Street Condominium
362 State Street, Brooklyn, NY 11217
Overview
- Units
- 2 residential
- Subway
- 3 min walk to Hoyt-Schermerhorn Sts A C GHoyt St 2 3, 5 min
- Principals
- Carlos Saavedra
- Offering price
- $10.8 million total $9 million when first offered
- Floor plans
- Pages 227–229 of the plan
The sponsor of record is 362 State LLC, Butler State LLC, Eb State LLC, Gptc LLC, Gptn LLC, Seb State LLC, represented by Marans Newman Tsolis & Nazinitsky LLC. The offering plan runs 303 pages. The sponsor has filed 3 amendments, the latest in May 2024. The nearest other condo plan on file is 365-367 Atlantic Avenue Condominium, next door.
Plan CD230080 · Rehab · accepted Jun 9, 2023 · AG record ↗
Compare
| Figure | This building1 | 189 Prospect Place22 units · 1 miaccepted 2023 | 470 Second32 units · 1.2 miaccepted 2023 |
|---|---|---|---|
| Average Offering PricePer Apartment | $4.5MHighest | $3.88M | $3.54M |
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Unit mix, closings, budgets, finishes and the team, against 189 Prospect Place and 470 Second, 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.
Closings Pro
| Homes closed100% of the homes in the plan | 2 of 2 |
| Closingsfirst and latest recorded | Feb 29, 2024 – Mar 7, 2024 |
Sales recorded with the Department of Finance (ACRIS) through Apr 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 2 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 2 | Feb 29, 2024 | $4,995,000 | — | — |
| 1 | Mar 7, 2024 | $5,250,000 | — | — |
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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
- 362 State LLC, Butler State LLC, Eb State LLC, Gptc LLC, Gptn LLC, Seb State LLC
- Principals
- Carlos Saavedra
- Tax estimate
- MGNY Consulting Corp.Prepared the first-year real estate tax projection
- Construction lender
- S3 Capital$4.45 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 365-367 Atlantic Avenue Condominiumnext door · 5 units · 2022
- 395 Atlantic Avenue Condominiumnext door · 2 units · 2021
- 211 Schermerhorn Condominiumnext door · 48 units · 2017
- 349 Pacific Condominiumnext door · 4 units · 2006
- Brooklyn Heights Luxury Condominiumsnext door · 7 units · 2007
- 362 Pacific Street Condominiumnext door · 2 units · 2006