78 1st Place Condominium
78 1st Place, Brooklyn, NY 11231
Overview
78 1st Place is a new 6-unit condo in Brooklyn.
- Offering plan: Accepted February 2025 · 417 pages · floor plans on pages 196–201
- Finishes: Hardwood floors, quartz kitchen countertops, Bertazzoni appliances, a washer and dryer in each apartment and split-system units for heating and cooling
- Prices: $1,951 a square foot on average, as first offered; $18.9 million in all
- Common charges: $535–$668 a month, the sponsor's first-year estimate
- Sponsor: 78 1st Pl. LLC, represented by Starr Associates, LLP; principals Robin Damaghi
- Subway: 4-minute walk to Carroll St (F, G); 11 minutes to Smith-9 Sts (F, G)
- Amendments: 3, the latest in December 2025
- 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
- Floor plans
- Pages 196–201 of the plan
- SubmittedMay 2025
- AcceptedFebruary 2025
- 3 amendments
- First sale
- Latest sale
Units & Prices
Sales
6 of 6homes sold (100%)
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 78 1st Place'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 →Compare
| Figure | This building1 | 379 12th26 units · 1.2 miaccepted 2025 | 74 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 |
| Average Unit SizeSquare Feet | 1,615 SFLargest | 1,286 SF | 1,149 SF |
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 2 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 3 Dec 15, 2025
Third amendment confirms first closing occurred October 21, 2025 for Unit 1, establishes condominium board and operations, and discloses sponsor financial status.
- First Closing took place October 21, 2025 for Unit 1
- Condominium Declaration recorded July 21, 2025 in Register's Office
- Working Capital Account established with approximately $6,342
- Sponsor deposited $1,800 for 2025/2026 real estate tax escrow
- Sponsor deposited $15,000 for Permanent Certificate of Occupancy escrow
- Permanent Certificate of Occupancy anticipated within approximately 12 months from August 27, 2025
- 5 units sold, 1 unit remains unsold with monthly Common Charges of approximately $592
- Sponsor retains board control until fifth anniversary of First Closing, all units sold, or sponsor's decision
Amendment 2 Aug 1, 2025
First Year of Condominium Operation start date moved to July 1, 2025, with updated Schedule A prices, common charges, real estate taxes, and budget exhibits.
- First Year of Condominium Operation and First Closing date set to July 1, 2025
- Projected Building substantial completion date set to July 1, 2025
- Updated Schedule A with current purchase prices, real estate taxes, and common charges
- Updated Schedule B for July 1, 2025 – June 30, 2026 budget period
- Updated Schedule B-1 for projected individual energy costs
- Updated Budget Expert certification
- Updated Real Estate Tax Opinion Letter
- FinCEN Geographic Targeting Order disclosure: $300,000 threshold for residential real property purchases; Order effective until October 9, 2025
Amendment 1 May 7, 2025
Plan declared effective upon receipt of one purchase agreement representing 15% of six units offered for sale.
- Plan declared effective based on one purchase agreement from bona fide purchaser
- Purchase agreement dated April 22, 2025 for Unit 1
- Extension of plan terms
Team
- Sponsor
- 78 1st Pl. LLC
- Principals
- Robin Damaghi
- Counsel
- Starr Associates, LLP
- Tax estimate
- Tuchman, Korngold, Weiss, Liebman & Lindemann, LLPPrepared the first-year real estate tax projection
- Construction lender
- First Realty Capital Holdings
- General contractor
- Acer ConstructionHeld the general construction permit on DOB NOW job B00885893
- Structural engineer
- Jian DengNamed on p. 46
- MEP engineers
- Fabian Cruz PE, FABIAN CRUZ PE PLLCMechanical, electrical and plumbing · Named on p. 46, p. 169
- Property report
- PAUL CHRISTAKOS R.A.Prepared the plan's description of the property and its condition · Named on p. 169
- Title agency
- CORE Title Services, LLCThe sponsor's title company for buyers; you can choose another · Named on p. 44
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R6A
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 76 1st Place Condominiumnext door · 5 units · 2024
- 99 2nd Place Condominiumnext door · 4 units · 2026
- 50 1st Place Condominiumnext door · 5 units · 2018
- 78 2nd Place Condominiumnext door · 4 units · 2021
- 110 First Place Condominiumnext door · 4 units · 2023
- 446 Clinton Street Condominiumnext door · 5 units · 2022
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