126 First Place Condominium
126 First Place, Brooklyn, NY 11231
Overview
- Units
- 5 residential
- Subway
- 2 min walk to Carroll St F GSmith-9 Sts F G, 9 min
- Principals
- Steven Reich
- Common charges
- $366–$550 a monthSponsor's first-year estimate in Schedule A, July 1, 2009
- Offering price
- $5.83 million total
- Floor plans
- Pages 159–163 of the plan
The sponsor of record is 126 First Place LLC, represented by Kunstlinger & Wohlgemuth. The offering plan runs 256 pages. The nearest other condo plan on file is 122 1st Place Condominium, next door.
Plan CD090048 · New · accepted Apr 30, 2009 · AG record ↗
Compare
| Figure | This building1 | 290 13th24 units · 1 miaccepted 2009 | 206 Prospect Place34 units · 1.4 miaccepted 2011 |
|---|---|---|---|
| Average Offering PricePer Apartment | $1.17MIn line | $1.1M | $1.18M |
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Unit mix, closings, budgets, finishes and the team, against 290 13th and 206 Prospect Place, cited to the offering plans. No credit card required.
Create a free accountHow 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.
Units & Prices
Closings Pro
| Homes closed100% of the homes in Schedule A | 5 of 5 |
| Closing prices vs. Schedule A5 homes: $9,228,000 at closing against $5,830,000 in Schedule A (p. 21) | +58.3% |
| Closingsfirst and latest recorded | Dec 23, 2009 – Dec 22, 2023 |
Sales recorded with the Department of Finance (ACRIS) through Aug 31, 2026: 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 5 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 1 | Dec 23, 2009 | $1,200,000 | $1,395,000 p. 21 | −14% |
| 2 | Oct 14, 2021 | $1,493,000 | $960,000 p. 21 | +55.5% |
| 5 | Apr 21, 2023 | $2,900,000 | $1,495,000 p. 21 | +94% |
| 3 | Jun 13, 2023 | $1,835,000 | $985,000 p. 21 | +86.3% |
| 4 | Dec 22, 2023 | $1,800,000 | $995,000 p. 21 | +80.9% |
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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
- 126 First Place LLC
- Principals
- Steven Reich
- Counsel
- Kunstlinger & Wohlgemuth
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Ponce Bank$1.7 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 122 1st Place Condominiumnext door · 4 units · 2007
- 110 First Place Condominiumnext door · 4 units · 2023
- 241 Carroll Street Condominiumnext door · 4 units · 2014
- 240 Carroll Street Condominiumnext door · 4 units · 2006
- 116 2nd Place Condominiumnext door · 4 units · 2018
- Eleven Third Street Condominiumnext door · 3 units