126 First Place was a four story brownstone like all the others on First Place, between Court and Smith, before Steven Reich, a local dentist, decided to turn it into a five-story, five-unit, luxury condo.
Work began in March 2008 and moved along swiftly, but before construction could be completed, the project was halted by the NYC Department of Buildings when the City Council passed the Carroll Gardens Wide Street Zoning Text Amendment in July 2008, much like Bill Stein's 360 Smith Street project.
Since work on 126 First Place was partially completed, the Board Of Standards And Appeals gave Mr. Reich permission to finish and the Stop-Work-Order was lifted.
But there was one condition: that he move the roof railing back, so that it would be less visible from the street, which Mr. Reich readily agreed to. ( It is interesting to note that he never took care of that little detail. When asked about it by a local resident, he apparently said that he would leave that up to the new condo owners!!!!)
The work has now been completed and 126 First Place just hit the market. The five 'luxury" apartments are being marketed by Corcoran. The units are priced from $960,000 to $ 1,395,000. It looks as though apartment # 2 is already in contract. The sticker price was $960,000. So is the one for $1,250,000.
Though 126 First Place doesn't look awful, as new construction goes. However, having seen some of the work being done as I walk on that block regularly, I have my questions about the quality. (My guess is that the brownstone façade may have to be redone fairly soon.)
Related reading:
Decapitation Complete at 126 First Place
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