3031 Brighton 5th Street Condominium
3031 Brighton 5th Street, Brooklyn, NY 11214
Overview
3031 Brighton 5th Street is a 16-unit condo in Brooklyn, with 9 parking units.
- Offering plan: Accepted March 2022 · 308 pages · floor plans on page 76
- Finishes: 8-foot ceilings, engineered wood floors, laminate kitchen countertops, GoldenHome cabinets, LG and Frigidaire appliances and split-system units for heating and cooling
- Prices: $850 a square foot on average, as first offered; $9.22 million in all
- Sponsor: Richard & Uncle 3031, LLC**, represented by Thomas E. Berinato, Attorney At Law; principals Shing Kong Lam and Yuk Yiu Sze
- Neighborhood: Brighton Beach, Brooklyn
- Subway: 2-minute walk to Brighton Beach (B, Q); 7 minutes to Ocean Pkwy (Q)
- Amendments: 2, the latest in September 2022
- Other filings: CD180463 (condo plan, filed 2018, withdrawn)
- Units
- 16 residential · 9 parking
- Neighborhood
- Brighton Beach, Brooklyn
- Subway
- 2 min walk to Brighton Beach B QOcean Pkwy Q, 7 min
- Principals
- Shing Kong Lam, Yuk Yiu Sze
- Average $/sf
- $850Homes in Schedule A, as first offered
- Offering price
- $9.22 million total
- Floor plans
- Page 76 of the plan
- SubmittedAugust 2022
- AcceptedMarch 2022
- 2 amendments
- First sale
- Latest sale
Units & Prices
Sales
9 of 16homes sold (56%)
From city records (ACRIS), through Feb 28, 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 for 4 homes.
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 5 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 1 Jun 25, 2022
Amendment changes the sponsor's attorney and establishes escrow procedures for deposits, and updates closing costs.
- Attorney for Sponsor changed to Dylan Chan Law Firm, P.C., located at 136-20 38th Avenue, Suite 11C, Flushing, NY 11354
- Dylan Chan Law Firm, P.C. serves as escrow agent; deposits held in non-interest bearing IOLA account at JP Morgan Chase Bank, N.A., 180 Canal Street, New York, NY 10013
- Purchaser pays $2,000 to Sponsor's attorney for closing document preparation and attendance
- Purchaser pays $250 for ACRIS real property transfer tax documents preparation
- Purchaser pays $1,000 in advance for assignment agreement preparation if requested and approved
- Purchaser pays $750 for closing outside of Sponsor's attorney
- Purchaser pays $500 for each rescheduled Closing with notice less than three business days
Team
- Sponsor
- Richard & Uncle 3031, LLC**
- Principals
- Shing Kong Lam, Yuk Yiu Sze
- Construction lenders
- Amerasia Bank, Global Bank
- General contractors
- Ming Dat Construction, NY DrillingHeld the general construction permit on DOB job 320597591
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
- 3016 Brighton 5th Street Condominiumnext door · 16 units · 11 parking · 2018
- Brighton Tower Ii Condominiumnext door · 38 units · 44 parking · 2008
- 3004 Brighton 7th Street Condominiumnext door · 8 units · 2 parking · 2026
- Carriage On The Beach Condominium0.1 mi · 33 units · 17 parking · 2026
- 3017 Brighton 8th Street Condominium0.1 mi · 7 units · 2022
- 2929 Brighton 5th Street Condominium0.1 mi · 20 units · 10 parking · 2025
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