2929 Brighton 5th Street Condominium
2929 Brighton 5th Street, Brooklyn, NY 11235
Overview
2929 Brighton 5th Street is a new 20-unit condo in Brooklyn, with 10 parking units and 1 commercial unit.
- Offering plan: Accepted January 2025 · 241 pages · floor plans on page 3
- Finishes: Hardwood floors, laminate kitchen countertops, wood laminate cabinets, Frigidaire appliances, washer/dryer hook-ups and split-system units for heating and cooling
- Prices: $851 a square foot on average, as first offered; $11 million in all ($11.3 million when first offered)
- Common charges: $96–$358 a month, the sponsor's first-year estimate
- Sponsor: Brighton 5th Development, LLC, represented by Boris Saks, Esq. Pllc; principals John Schirripa and Mark Schirripa
- Neighborhood: Brighton Beach, Brooklyn
- Subway: 5-minute walk to Brighton Beach (B, Q); 9 minutes to Ocean Pkwy (Q)
- Amendments: 2, the latest in January 2026
- Units
- 20 residential · 10 parking · 1 commercial
- Neighborhood
- Brighton Beach, Brooklyn
- Subway
- 5 min walk to Brighton Beach B QOcean Pkwy Q, 9 min
- Principals
- John Schirripa, Mark Schirripa
- Average $/sf
- $851Homes in Schedule A, as first offered
- Common charges
- $96–$358 a monthSponsor's first-year estimate in Schedule A, -
- Offering price
- $11 million total $11.3 million when first offered
- Floor plans
- Page 3 of the plan
- SubmittedMarch 2025
- AcceptedJanuary 2025
- 2 amendments
- First sale
- Latest sale
Units & Prices
Sales
18 of 20homes sold (90%)
From city records (ACRIS), through May 31, 2026.
First-Year Budget
From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)
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 | 2940 Brighton 4213 units · 0.1 miaccepted 2026 | Carriage On The Beach333 units · 0.1 miaccepted 2026 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.24Lowest | $0.58 | $0.66 |
| Average Offering PricePer Apartment | $527,400Below peers | $555,385 | $533,182 |
| Average PricePer Square Foot | $851Below peers | $922 | $970 |
| Average Unit SizeSquare Feet | 619 SFLarger | 602 SF | 549 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 8 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 2 Jan 6, 2026
Post-closing amendment updating unit status, closing dates, and extending the plan term.
- First closing took place August 13, 2025
- 15 units closed: 2B, 2C, 2D, 2F, 3A, 3B, 3C, 3D, 3E, 3F, 4A, 4B, 4E, 4F, 5A, 5B
- Units 4C and 4D under contract
- Unit 2E remains sponsor-owned
- Temporary Certificate of Occupancy issued December 29, 2025
- Declaration and By-Laws filed July 18, 2025
- Plan extended for six months
Amendment 1 Feb 14, 2025
Plan declared effective after purchase agreements accepted for three units (15% of offering).
- Plan declared effective February 14, 2025
- Purchase agreements accepted for 3 units (15% of units offered)
- Units 2C, 2F, 4B under contract as of 1/24/25–2/10/25
Team
- Sponsor
- Brighton 5th Development, LLC
- Principals
- John Schirripa, Mark Schirripa
- Counsel
- Boris Saks, Esq. Pllc
- Tax estimate
- MGNY ConsultingPrepared the first-year real estate tax projection
- Construction lender
- Colorado Federal Savings Bank$4.45 million recorded
- Structural engineer
- L K Design Bureau, Structural Engineers & ConsultantsNamed on p. 112
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R6
- Special district
- Special Ocean Parkway District (OP)
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 2940 Brighton 4 Condominiumnext door · 13 units · 7 parking · 2026
- Carriage On The Beach Condominiumnext door · 33 units · 17 parking · 2026
- 3016 Brighton 5th Street Condominium0.1 mi · 16 units · 11 parking · 2018
- 3004 Brighton 7th Street Condominium0.1 mi · 8 units · 2 parking · 2026
- Brighton Tower Ii Condominium0.1 mi · 38 units · 44 parking · 2008
- 3031 Brighton 5th Street Condominium0.1 mi · 16 units · 9 parking · 2022
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