THE CONDO BOOK PROJECT

122 3rd Place Condominium

122 3rd Place, Brooklyn, NY 11231

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Overview

122 3rd Place is a 2-unit condo in Brooklyn.

  • Offering plan: Accepted January 2026 · 342 pages · floor plans on pages 168–170
  • Finishes: Engineered wood floors, quartz kitchen countertops, Fisher & Paykel and Bosch appliances, a washer and dryer in each apartment, Grohe bathroom fittings and a VRF heat pump system for heating and cooling
  • Prices: $1,978 a square foot on average, as first offered; $8.45 million in all ($6.7 million when first offered)
  • Common charges: $670 a month, the sponsor's first-year estimate
  • Sponsor: 122 3rd Place LLC, represented by Jeffrey Zwick & Associates, PC; principals Mark Rechler, Josh Egendorf, Anatole Plotkin and Ken Hudes
  • Subway: 4-minute walk to Carroll St (F, G); 8 minutes to Smith-9 Sts (F, G)
  1. SubmittedDecember 2024
  2. AcceptedJanuary 2026

Sales

0 of 2homes sold (0%)

From city records (ACRIS), through Aug 31, 2026.

First-Year Budget

From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)

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Property Taxes

The plan's first-year tax estimate, checked against the city's real bills.

Each home's estimate, city bills and tax breaksSee it free →

Compare

FigureThis building1235 Sackett22 units · 0.4 miaccepted 2026477 Sackett32 units · 0.4 miaccepted 2026
Common ChargesPer Square Foot / Month$0.31In line$0.28$0.31
Average Offering PricePer Apartment$4.22MBelow peers$5.63M$4.55M
Average PricePer Square Foot$1,978Below peers$2,062$2,214
Average Unit SizeSquare Feet2,136 SFIn line2,728 SF2,056 SF
Unit mix, amenities, finishes, utilities and operating costs against 235 Sackett and 477 SackettUnlock the rest with a free account
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.

Closing Costs

The buyer pays the NYC and NY State transfer taxes, which a seller usually pays.

All 5 closing costs in the plan, with their pagesSee it free →

Team

Sponsor
122 3rd Place LLC
Principals
Mark Rechler, Josh Egendorf, Anatole Plotkin, Ken Hudes
Tax estimate
Metropolitan Realty ExemptionsPrepared the first-year real estate tax projection
Construction lender
Rosenthal & RosenthalLender on the mortgage and building loan agreement recorded March 2025 in ACRIS; $4.81 million recorded

From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?

Zoning

Zoning district
R6B

Today's zoning, from city data (PLUTO 26v2).

Nearby

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The Condo Book Project Are 122 3rd Place's common charges high for the area? No, they're on the low side. 122 3rd Place budgets $0.31 per square foot a month, against a $0.35 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?
Free: all 2 units, every budget line, property taxesSee it free