THE CONDO BOOK PROJECT

2929 Brighton 5th Street Condominium

2929 Brighton 5th Street, Brooklyn, NY 11235

Overview

Units
20 residential · 10 parking · 1 commercial
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

The sponsor of record is Brighton 5th Development, LLC, represented by Boris Saks, Esq. Pllc. The offering plan runs 241 pages. The sponsor has filed 2 amendments, the latest in January 2026. The nearest other condo plan on file is 2926 Brighton 5th Street Condominium, next door.

Plan CD230258 · New · accepted Jan 2, 2025 · AG record ↗

Compare

FigureThis building12940 Brighton 4213 units · 0.1 miaccepted 2026Carriage 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
Property TaxesPer Square Foot / Month$0.03Lowest$0.93$0.99
Average Unit SizeSquare Feet619 SFLarger602 SF549 SF

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Unit mix, closings, budgets, finishes and the team, against 2940 Brighton 4 and Carriage On The Beach, cited to the offering plans. No credit card required.

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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.

Closings Pro

Homes closed90% of the homes in Schedule A18 of 20
Closing prices vs. Schedule A18 homes: $9,473,488 at closing against $9,540,000 in Schedule A (p. 29)−0.7%
Average closing price18 homes, on their Schedule A square feet$844 / SF
Closingsfirst and latest recordedAug 13, 2025 – Jan 22, 2026

Sales recorded with the Department of Finance (ACRIS) through May 31, 2026: deeds, or transfer tax filings for a building on leased land, of $10,000 or more. A home's first sale since the plan was filed is the sponsor's closing; resales aren't counted. Closing prices are compared with the same home's Schedule A price, as first offered; a deed covering more than one home isn't compared. Amendments often change prices before a home closes, and a deed that includes parking or storage counts its full price. ACRIS records a sale weeks after closing, so recent contracts don't appear yet. Every building's sales.

All 18 closings
HomeRecordedClosing priceSchedule ADifference
4EAug 13, 2025$434,070$440,000 p. 29−1.3%
3FAug 20, 2025$409,000$410,000 p. 29−0.2%
4AAug 25, 2025$585,494$620,000 p. 29−5.6%
4BAug 26, 2025$436,020$440,000 p. 29−0.9%
5ASep 4, 2025$915,707$925,000 p. 29−1%
3ASep 5, 2025$610,950$610,000 p. 29+0.2%
2FSep 10, 2025$395,460$399,000 p. 29−0.9%
3CSep 17, 2025$415,740$420,000 p. 29−1%
4FSep 17, 2025$446,160$420,000 p. 29+6.2%
3ESep 26, 2025$430,950$430,000 p. 29+0.2%
3BOct 16, 2025$430,950$430,000 p. 29+0.2%
3DOct 24, 2025$610,950$610,000 p. 29+0.2%
2DNov 24, 2025$570,220$599,000 p. 29−4.8%
5BNov 26, 2025$916,550$899,000 p. 29+2%
2BDec 5, 2025$417,768$419,000 p. 29−0.3%
4CJan 21, 2026$415,740$430,000 p. 29−3.3%
4DJan 21, 2026$610,950$620,000 p. 29−1.5%
2EJan 22, 2026$420,810$419,000 p. 29+0.4%

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Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

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Budget

From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size

Team

Sponsor
Brighton 5th Development, LLC
Principals
John Schirripa, Mark Schirripa
Tax estimate
MGNY ConsultingPrepared the first-year real estate tax projection
Construction lender
Colorado Federal Savings Bank$4.45 million recorded

From our research: Do NYC Developers Rehire the Same Firms?

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