THE CONDO BOOK PROJECT

122 3rd Place Condominium

122 3rd Place, Brooklyn, NY 11231

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Overview

Units
2 residential
Subway
4 min walk to Carroll St F GSmith-9 Sts F G, 8 min
Principals
Mark Rechler, Josh Egendorf, Anatole Plotkin, Ken Hudes
Offering price
$8.45 million total $6.7 million when first offered

The sponsor of record is 122 3rd Place LLC, represented by Jeffrey Zwick & Associates, PC. The offering plan runs 342 pages. The nearest other condo plan on file is 116 Third Place Condominium, next door.

Plan CD240370 · Rehab · accepted Jan 13, 2026 · AG record ↗

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FigureThis building1238 Degraw23 units · 0.4 miaccepted 2025591 10th32 units · 1.2 miaccepted 2025
Average Offering PricePer Apartment$3.35MBelow peers$3.47M$3.75M

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Unit mix, closings, budgets, finishes and the team, against 238 Degraw and 591 10th, 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.

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
122 3rd Place LLC
Principals
Mark Rechler, Josh Egendorf, Anatole Plotkin, Ken Hudes
Tax estimate
Metropolitan Realty ExemptionsPrepared the first-year real estate tax projection
Construction lender
Rosenthal & RosenthalLender on the mortgage and building loan agreement recorded March 2025 in ACRIS; $4.81 million recorded

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

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