THE CONDO BOOK PROJECT

75 1st Condominium

75 First Avenue, Manhattan, NY 10003

Overview

Units
22 residential
Subway
4 min walk to 2 Av F1 Av L, 9 min
Principals
Stefano Farsura, Marco Stevanato
Offering price
$44.7 million total

The sponsor of record is 75 First Ave Club LLC**, represented by Starr Associates LLP. The offering plan runs 420 pages. The sponsor has filed 19 amendments, the latest in February 2026. The nearest other condo plan on file is 415 East 6th Street Condominium, 0.1 mi away.

Plan CD160303 · New · accepted Feb 9, 2017 · AG record ↗

Closings Pro

Homes closed64% of the homes in the plan14 of 22
Closingsfirst and latest recordedMar 22, 2023 – Jul 25, 2025

Sales recorded with the Department of Finance (ACRIS) through Mar 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 14 closings
HomeRecordedClosing priceSchedule ADifference
5CMar 22, 2023$999,000——
5BApr 21, 2023$1,275,563——
3BMay 30, 2023$1,122,825——
4BJun 15, 2023$1,228,837——
3CJul 27, 2023$1,080,000——
4CSep 18, 2023$1,175,000——
6BOct 2, 2023$1,325,000——
6ANov 15, 2023$2,392,888——
4AJan 23, 2024$2,060,183——
3AAug 9, 2024$1,900,000——
5AAug 21, 2024$2,150,000——
7AOct 21, 2024$2,400,000——
2AJan 21, 2025$1,458,848——
7BJul 25, 2025$1,988,338——

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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
75 First Ave Club LLC**
Principals
Stefano Farsura, Marco Stevanato
Tax estimate
Tuchman, Korngold, Weiss, Liebman & Gelles LLPPrepared the first-year real estate tax projection
Construction lender
Intesa Sanpaolo$21.5 million recorded

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

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