THE CONDO BOOK PROJECT

76 1st Place Condominium

76 1st Place, Brooklyn, NY 11203

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Overview

Units
5 residential
Subway
4 min walk to Carroll St F GSmith-9 Sts F G, 11 min
Principals
Robin Damaghi
Average $/sf
$1,823Homes in Schedule A, as first offered
Common charges
$550–$737 a monthSponsor's first-year estimate in Schedule A, January 1, 2025 - December 31, 2025
Offering price
$13.8 million total

The sponsor of record is 76 1st Pl. LLC, represented by Starr Associates, LLP. The offering plan runs 472 pages. The sponsor has filed 2 amendments, the latest in February 2025. The nearest other condo plan on file is 78 1st Place Condominium, next door.

Plan CD240084 · Rehab · accepted Aug 5, 2024 · AG record ↗

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FigureThis building1205 14th25 units · 1 miaccepted 2024110 First Place34 units · 0.1 miaccepted 2023
Common ChargesPer Square Foot / Month$0.39In line$0.51$0.28
Average Offering PricePer Apartment$2.76MIn line$2.28M$2.81M
Average PricePer Square Foot$1,823In line$1,777$1,847
Property TaxesPer Square Foot / Month$0.28Lowest$1.10$0.33
Average Unit SizeSquare Feet1,514 SFIn line1,283 SF1,523 SF

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Unit mix, closings, budgets, finishes and the team, against 205 14th and 110 First 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 A5 of 5
Closing prices vs. Schedule A5 homes: $12,887,034 at closing against $13,800,000 in Schedule A (p. 53)−6.6%
Average closing price5 homes, on their Schedule A square feet$1,703 / SF
Closingsfirst and latest recordedDec 18, 2024 – May 19, 2025

Sales recorded with the Department of Finance (ACRIS) through May 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
HomeRecordedClosing priceSchedule ADifference
4Dec 18, 2024$2,375,000$2,600,000 p. 53−8.7%
3Dec 19, 2024$2,540,534$2,600,000 p. 53−2.3%
2Dec 30, 2024$2,625,000$2,600,000 p. 53+1%
5Feb 14, 2025$2,425,000$2,650,000 p. 53−8.5%
**1May 19, 2025$2,921,500$3,350,000 p. 53−12.8%

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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
76 1st Pl. LLC
Principals
Robin Damaghi
Tax estimate
Tuchman, Korngold, Weiss, Liebman & Lindemann, LLPPrepared the first-year real estate tax projection

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

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