Dissipative phase transitions are a characteristic feature of open systems. One of the paradigmatic examples for a first order dissipative phase transition is the driven nonlinear single mode optical resonator. In this work, we study a realization with an ultracold bosonic quantum gas, which generalizes the single mode system to many modes and stronger interactions. We measure the effective Liouvillian gap of the system and find evidence for a first order dissipative phase transition. Due to the multi-mode nature of the system, the microscopic dynamics is much richer and allows us to identify a non-equilibrium condensation process.