THE CONDO BOOK PROJECT

362 State Street Condominium

362 State Street, Brooklyn, NY 11217

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Overview

362 State Street is a 2-unit condo in Brooklyn.

  • Offering plan: Accepted June 2023 · 303 pages · floor plans on pages 227–229
  • Finishes: Wood floors, quartz kitchen countertops, Fisher & Paykel and XO appliances, a washer and dryer in each apartment and split-system units for heating and cooling
  • Prices: $2,145 a square foot on average, as first offered; $10.8 million in all ($9 million when first offered)
  • Common charges: $563–$654 a month, the sponsor's first-year estimate
  • Sponsor: 362 State LLC, Butler State LLC, Eb State LLC, Gptc LLC, Gptn LLC, Seb State LLC, represented by Marans Newman Tsolis & Nazinitsky LLC; principals Carlos Saavedra
  • Subway: 3-minute walk to Hoyt-Schermerhorn Sts (A, C, G); 5 minutes to Hoyt St (2, 3)
  • Amendments: 3, the latest in May 2024
  1. SubmittedAugust 2023
  2. AcceptedJune 2023
  3. 3 amendments
  4. First sale
  5. Latest sale

Sales

2 of 2homes sold (100%)
Every sale: 2 homes, with price and dateSee it free →

From city records (ACRIS), through Apr 30, 2025.

First-Year Budget

From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)

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Property Taxes

The plan's first-year tax estimate, checked against the city's real bills for 2 homes.

Each home's estimate, city bills and tax breaksSee it free →

Closing Costs

The buyer pays the NYC and NY State transfer taxes, which a seller usually pays.

All 6 closing costs in the plan, with their pagesSee it free →

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
Property report
HPL Engineering P.C.Prepared the plan's description of the property and its condition · Named on p. 153

From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?

Zoning

Zoning districts
R6B, R7AThe lot is split between two districts, the largest share first
Commercial overlay
C2-4
Special district
Special Downtown Brooklyn District (DB)

Today's zoning, from city data (PLUTO 26v2).

Nearby

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The Condo Book Project Are 362 State Street's common charges high for the area? No, they're on the low side. 362 State Street budgets $0.24 per square foot a month, against a $0.31 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?
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