THE CONDO BOOK PROJECT

126 First Place Condominium

126 First Place, Brooklyn, NY 11231

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Overview

126 First Place is a 5-unit condo in Brooklyn.

  • Offering plan: Accepted April 2009 · 256 pages · floor plans on pages 159–163
  • Finishes: 8'10" ceilings, wood floors, granite kitchen countertops, Kraftmaid cabinets and GE and General Electric appliances
  • Prices: $5.83 million in all
  • Common charges: $366–$550 a month, the sponsor's first-year estimate
  • Sponsor: 126 First Place LLC, represented by Kunstlinger & Wohlgemuth; principals Steven Reich
  • Subway: 2-minute walk to Carroll St (F, G); 9 minutes to Smith-9 Sts (F, G)
  1. SubmittedFebruary 2009
  2. AcceptedApril 2009
  3. First sale
  4. Latest sale

Sales

5 of 5homes sold (100%)
Every sale: 5 homes, with price and dateSee it free →

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 →

Closing Costs

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

All 12 closing costs in the plan, with their pagesSee it free →

Team

Sponsor
126 First Place LLC
Principals
Steven Reich
Counsel
Kunstlinger & Wohlgemuth
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
Ponce Bank$1.7 million recorded
Title agency
Sky Abstract LLCThe sponsor's title company for buyers; you can choose another · Named on p. 96

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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