THE CONDO BOOK PROJECT

300 5th Street Condominium

300 5th Street, Brooklyn, NY 11215

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Overview

Units
4 residential
Subway
5 min walk to 4 Av-9 St F G RUnion St R, 8 min
Principals
Omri Bar-Mashiah
Average $/sf
$2,118Homes in Schedule A, as first offered
Common charges
$448–$635 a monthSponsor's first-year estimate in Schedule A, January 1, 2026 - December 31, 2026
Offering price
$7.95 million total $7.8 million when first offered

The sponsor of record is 300 Ps LLC, represented by Tsyngauz & Associates, P.C.. The offering plan runs 322 pages. The sponsor has filed 1 amendment, the latest in March 2026. The nearest other condo plan on file is 315 6th Street Condominium, next door.

Plan CD250145 · Rehab · accepted Nov 17, 2025 · AG record ↗

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FigureThis building1378 8th24 units · 0.3 miaccepted 2025489 Seventh34 units · 0.7 miaccepted 2025
Common ChargesPer Square Foot / Month$0.54Below peers$0.62$0.57
Average Offering PricePer Apartment$1.99MAbove peers$1.96M$1.78M
Average PricePer Square Foot$2,118Above peers$2,056$1,997
Property TaxesPer Square Foot / Month$0.46In line$0.56$0.37
Average Unit SizeSquare Feet938 SFIn line955 SF892 SF

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Unit mix, closings, budgets, finishes and the team, against 378 8th and 489 Seventh, 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 closed25% of the homes in Schedule A1 of 4
Closing prices vs. Schedule A1 home: $1,827,759 at closing against $1,800,000 in Schedule A (p. 45)+1.5%
Average closing price1 home, on their Schedule A square feet$1,928 / SF
Closingsfirst and latest recordedJun 5, 2026

Sales recorded with the Department of Finance (ACRIS) through Jun 30, 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 1 closings
HomeRecordedClosing priceSchedule ADifference
2Jun 5, 2026$1,827,759$1,800,000 p. 45+1.5%

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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
300 Ps LLC
Principals
Omri Bar-Mashiah
Tax estimate
MGNY Consulting Corp.Prepared the first-year real estate tax projection
Construction lender
S3 Capital$3.5 million loan stated in the plan

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

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