THE CONDO BOOK PROJECT

78 1st Place Condominium

78 1st Place, Brooklyn, NY 11231

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Overview

Units
6 residential
Subway
4 min walk to Carroll St F GSmith-9 Sts F G, 11 min
Principals
Robin Damaghi
Average $/sf
$1,951Homes in Schedule A, as first offered
Common charges
$535–$668 a monthSponsor's first-year estimate in Schedule A, January 1, 2025 - December 31, 2025
Offering price
$18.9 million total

The sponsor of record is 78 1st Pl. LLC, represented by Starr Associates, LLP. The offering plan runs 417 pages. The sponsor has filed 3 amendments, the latest in December 2025. The nearest other condo plan on file is 76 1st Place Condominium, next door.

Plan CD240139 · New · accepted Feb 3, 2025 · AG record ↗

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FigureThis building1379 12th26 units · 1.2 miaccepted 202574 Carroll33 units · 0.3 miaccepted 2025
Common ChargesPer Square Foot / Month$0.36Lowest$0.51$0.61
Average Offering PricePer Apartment$3.15MHighest$2.39M$2.37M
Average PricePer Square Foot$1,951In line$1,857$2,059
Property TaxesPer Square Foot / Month$0.43Lowest$1.00$0.64
Average Unit SizeSquare Feet1,615 SFLargest1,286 SF1,149 SF

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Unit mix, closings, budgets, finishes and the team, against 379 12th and 74 Carroll, 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 A6 of 6
Closing prices vs. Schedule A6 homes: $16,782,163 at closing against $18,900,000 in Schedule A (p. 55)−11.2%
Average closing price6 homes, on their Schedule A square feet$1,732 / SF
Closingsfirst and latest recordedOct 21, 2025 – Mar 16, 2026

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 6 closings
HomeRecordedClosing priceSchedule ADifference
**1Oct 21, 2025$3,132,163$3,500,000 p. 55−10.5%
4Oct 29, 2025$2,600,000$2,800,000 p. 55−7.1%
6Oct 30, 2025$3,400,000$4,000,000 p. 55−15%
2Nov 6, 2025$2,600,000$2,900,000 p. 55−10.3%
5Nov 6, 2025$2,500,000$2,900,000 p. 55−13.8%
3Mar 16, 2026$2,550,000$2,800,000 p. 55−8.9%

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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
78 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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