THE CONDO BOOK PROJECT

171 North First Street Condominium

171 North First Street, Brooklyn, NY 11211

Overview

Units
57 residential
Subway
6 min walk to Bedford Av LMetropolitan Av/Lorimer St G L, 10 min
Developers
Gemini Investment (Holdings) Limited, Gemini-Rosemont Realty LLC
Principals
Andy Wong, Michael Hernstad, Pui Ying Sum
Common charges
$566–$3,484 a monthSponsor's first-year estimate in Schedule A, April 1, 2023 - March 31, 2024
Offering price
$126.8 million total

The sponsor of record is 171 North First Street LLC, represented by Starr Associates, LLP. The offering plan runs 698 pages. The sponsor has filed 4 amendments, the latest in August 2025. The nearest other condo plan on file is 661 Driggs Avenue Condominium, next door.

Plan CD220139 · New · accepted May 11, 2023 · AG record ↗

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
171 North First Street LLC
Developers
Gemini Investment (Holdings) Limited, Gemini-Rosemont Realty LLC
Principals
Andy Wong, Michael Hernstad, Pui Ying Sum
Tax estimate
Korngold Powers LLPPrepared the first-year real estate tax projection
Construction lender
East West Bank$34.8 million recorded

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

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