THE CONDO BOOK PROJECT

110 First Place Condominium

110 1st Place, Brooklyn, NY 11231

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Overview

Units
4 residential
Subway
2 min walk to Carroll St F GSmith-9 Sts F G, 10 min
Principals
Carlos Saavedra
Average $/sf
$1,847Homes in Schedule A, as first offered
Common charges
$363–$532 a monthSponsor's first-year estimate in Schedule A, July 1, 2024- June 30, 2025
Offering price
$11.3 million total $9 million when first offered

The sponsor of record is Se 110 LLC , Rondeau LLC, 110 First Place LLC, represented by Marans Newman Tsolis & Nazinitsky LLC. The offering plan runs 305 pages. The sponsor has filed 2 amendments, the latest in May 2024. The nearest other condo plan on file is 122 1st Place Condominium, next door.

Plan CD230073 · Rehab · accepted Nov 3, 2023 · AG record ↗

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FigureThis building1538 Henry24 units · 0.3 miaccepted 202376 1st Place35 units · 0.1 miaccepted 2024
Common ChargesPer Square Foot / Month$0.28Lowest$0.53$0.39
Average Offering PricePer Apartment$2.81MAbove peers$2.14M$2.76M
Average PricePer Square Foot$1,847Above peers$1,624$1,823
Property TaxesPer Square Foot / Month$0.33In line$0.47$0.28
Average Unit SizeSquare Feet1,523 SFLarger1,316 SF1,514 SF

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Unit mix, closings, budgets, finishes and the team, against 538 Henry and 76 1st 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 closed100% of the homes in Schedule A4 of 4
Closing prices vs. Schedule A4 homes: $11,095,000 at closing against $11,255,000 in Schedule A (p. 47)−1.4%
Average closing price4 homes, on their Schedule A square feet$1,821 / SF
Closingsfirst and latest recordedMar 4, 2024 – Jul 10, 2025

Sales recorded with the Department of Finance (ACRIS) through Jul 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 4 closings
HomeRecordedClosing priceSchedule ADifference
2Mar 4, 2024$2,500,000$2,500,000 p. 470%
4Mar 8, 2024$2,975,000$2,975,000 p. 470%
3Mar 25, 2024$2,785,000$2,785,000 p. 470%
1Jul 10, 2025$2,835,000$2,995,000 p. 47−5.3%

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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.

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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
Se 110 LLC , Rondeau LLC, 110 First Place LLC
Principals
Carlos Saavedra
Tax estimate
MGNY Consulting Corp.Prepared the first-year real estate tax projection

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

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