THE CONDO BOOK PROJECT

75 1st Condominium

75 First Avenue, Manhattan, NY 10003

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Overview

75 1st is a 22-unit condo in Manhattan.

  • Offering plan: Accepted February 2017 · 420 pages · floor plans on page 42
  • Finishes: Stone kitchen countertops, wood cabinets, Liebherr and Miele appliances, a washer and dryer in each apartment and a VRF heat pump system for heating and cooling
  • Prices: $2,047 a square foot on average, as first offered; $44.7 million in all
  • Common charges: $998–$3,335 a month, the sponsor's first-year estimate
  • Developer: Colonnade Group LLC; principals Stefano Farsura and Marco Stevanato
  • Sponsor: 75 First Ave Club LLC**, represented by Starr Associates LLP
  • Subway: 4-minute walk to 2 Av (F); 9 minutes to 1 Av (L)
  • Amendments: 19, the latest in February 2026
  1. SubmittedMarch 2017
  2. AcceptedFebruary 2017
  3. 19 amendments
  4. First sale
  5. Latest sale

Sales

14 of 22homes sold (64%)
Every sale: 14 homes, with price and dateSee it free →

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

First-Year Budget

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

Ask Claude or ChatGPT: How do 75 1st's common charges compare with similar buildings? →

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

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
General contractors
Wonder Works Constr, Pizzarotti, Pizzarotti Ibc, New York Mid Rise ConstructionHeld the general construction permit on DOB job 121326350
Structural engineer
DeSimone Consulting EngineersNamed on p. 32
MEP engineer
GEA Consulting EngineersMechanical, electrical and plumbing · Named on p. 32
Property report
H.T.O.Prepared the plan's description of the property and its condition · Named on p. 138
Interior designers
Stefano Farsura, Stefano PasqualettiReported by cityrealty.com, nestseekers.com
Title agency
Royal Abstract of New York LLCThe sponsor's title company for buyers; you can choose another · Named on p. 31

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

Zoning

Zoning district
R7A
Commercial overlay
C2-5

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

Nearby

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The Condo Book Project Are 75 1st's common charges high for the area? Yes, they're on the high side. 75 1st budgets $1.68 per square foot a month, against a $1.04 median for the 10 most similar Manhattan plans.Schedule A Do you want to see the list of similar buildings?
Free: all 22 units, every budget line, every saleSee it free