32 Rutgers Street Condominium
32 Rutgers Street, Manhattan, NY 10002
Overview
32 Rutgers Street is a new 10-unit condo in Manhattan, with 1 commercial unit.
- Offering plan: Accepted January 2025 · 318 pages · floor plans on page 32
- Finishes: 8'6" ceilings, granite kitchen countertops and Beko and Empava appliances
- Prices: $1,289 a square foot on average, as first offered; $7.26 million in all
- Common charges: $419–$1,152 a month, the sponsor's first-year estimate
- Developer: USASENWELL Fund Management LLC
- Sponsor: Soho NY Property LLC, represented by Jeffrey Zwick & Associates, PC
- Subway: 1-minute walk to East Broadway (F); 8 minutes to Delancey St-Essex St (F, J, M, Z)
- Amendments: 2, the latest in July 2025
- 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
- Floor plans
- Page 32 of the plan
- SubmittedFebruary 2025
- AcceptedJanuary 2025
- 2 amendments
- First sale
Units & Prices
Sales
From city records (ACRIS), through Aug 31, 2026.
First-Year Budget
From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)
Ask Claude or ChatGPT: How do 32 Rutgers Street's common charges compare with similar buildings? →
Property Taxes
The plan's first-year tax estimate, checked against the city's real bills.
Each home's estimate, city bills and tax breaksSee it free →Compare
| Figure | This building1 | 128 Hester28 units · 0.4 miaccepted 2025 | 330 Grand312 units · 0.3 miaccepted 2024 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.96In line | $1.41 | $0.71 |
| Average Offering PricePer Apartment | $691,000Lowest | $1.28M | $2.03M |
| Average PricePer Square Foot | $1,289Lowest | $1,604 | $2,459 |
| Average Unit SizeSquare Feet | 536 SFSmallest | 799 SF | 824 SF |
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.
Closing Costs
The buyer pays the NYC and NY State transfer taxes, which a seller usually pays.
All 4 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 2 Jul 31, 2025
Amendment reports first closing completion, Certificate of Occupancy issuance, Declaration recording, and working capital fund deposits, with sponsor to begin collecting common charges November 1, 2025.
- First unit closed March 31, 2025
- Certificate of Occupancy issued January 15, 2025 (CO #1091684)
- Declaration of Condominium recorded March 20, 2025 (CRFN# 2025000076907)
- Working capital fund of $1,542.60 deposited; reserve fund subaccount $171.40
- Sponsor will begin collecting common charges November 1, 2025
- 8 unsold residential units retained by Sponsor (80% of units): 1B, 3B, 4A, 4B, 5A, 5B, 6A, 6B
- Sponsor retains community facility
- First Unit Owner meeting within 30 days of expiration of Initial Control Period
Amendment 1 Mar 4, 2025
Plan declared effective after two residential units (20% of ten offered) executed purchase agreements.
- Plan declared effective based on purchase agreements for units 2A and 3A
- Unit 2A purchase agreement dated 1/28/2025
- Unit 3A purchase agreement dated 02/27/2025
Team
- Sponsor
- Soho NY Property LLC
- Developer
- USASENWELL Fund Management LLC
- Tax estimate
- MGNY Consulting Corp.Prepared the first-year real estate tax projection
- General contractor
- L2 ConstructionHeld the general construction permit on DOB job 121189123
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R7-2
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 171 Henry Street Condominiumnext door · 20 units · 2015
- 193 Henry Street Condominium0.1 mi · 5 units · 2018
- 100 East Broadway Condos0.2 mi · 1 parking · 2018
- Tower Units At One Manhattan Square0.2 mi · 815 units · 1 parking · 2015
- 222 East Broadway Condominium0.2 mi · 60 units · 2022
- On Lok Bo Condominium0.2 mi · 8 units · 2021
Free in ChatGPT or Claude
Ask Claude or ChatGPT about 32 Rutgers Street
The fastest way to know any condo or co-op
Get Connected →