NOT LISTED FOR SALE

Estimated Value: $1,327,000 - $2,353,000

3 Beds
2 Baths
1,827 Sq Ft
$1,057/mo HOA Fee

Last Sold November 12, 2021

Last sale price $1,943,000 $1,063 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $13,265/month

65 Days on Market

Highlights

  • Pre War Building
  • Eat-In Kitchen
  • Entrance Foyer
  • Balcony
  • Intercom
  • 2-minute walk to Bedford Playground

About This Home

As of November 2021

Accepted Offer.

Timeless Cast Iron Beauty.

Presenting a phenomenal opportunity to own an 1,800+ SF prewar loft at the iconic Smith Gray in the epicenter of South Williamsburg! Originally built in 1884, this historic cast iron structure became one of the most coveted Brooklyn warehouse conversions in the early 2000?s.

Residence 4G, a 3 bedroom / 2 bathroom floor-through, exemplifies the contemporary condo conversion of an authentic loft that is rich in original detail, industrial style, and palatial space. Showcasing exposed brick, dark-stained oak hardwood flooring, oversized windows, high ceilings and the vintage freight elevator provides a timeless aesthetic.

Set foot into a formal foyer/entry that seamlessly leads to a sitting area. The semi-open galley kitchen and 21.5? x 19? great room boasts 5 massive windows allowing for Western light to pour in all afternoon and through the sunset. The eat-in kitchen is currently outfitted with granite counter tops, stainless steel appliances & backsplash. With such ease for it to be redesigned and fully opened to the great room? this side of the home would be a dream space for general entertaining, intimate gatherings and wfh/working from home!

On the opposite side, there are 3 expansive bedrooms basking in morning light. The master can easily fit a California King bed, and features a private balcony, walk-in closet and en-suite marble bath with soaking tub and glass enclosed shower. The enhancements made for your convenience and comforts includes HVAC central air heating & cooling, recessed lighting, and brand new in-unit washer/dryer system.

Originally the home of the famed children's clothing company ?Smith Gray & Co.?, residents of this 40-unit gem of a building have access to full-time superintendent service, bicycle storage, laundry on every floor, in addition to 2 shared outdoor spaces: a spectacular roof deck with sweeping views of New York City and a tranquil garden/courtyard. Located in the heart of the Southside, 138 Broadway is surrounded by cultural & actual landmarks, and highly-acclaimed restaurants & cafes ? several are Michelin-rated! Just to name a few?Meadowsweet, Diner, Marlowe & Sons, OTB, Motorino, Barano and Peter Luger?s. A stone's toss away down Broadway is City Acres, a sizable supermarket, and the NYC Ferry providing easy direct access to Downtown/Midtown Manhattan, Dumbo, & Long Island City. Last but not least, the Marcy Ave J, M, Z subway station, barely minutes up Broadway, offers an easy commute into New York City!

Last Agent to Sell the Property

Marvin Chu

Corcoran Group License #10301209550 Listed on: 05/20/2021

Corcoran Group

Co-Listed By

Evan Church

Corcoran Group License #30CH1028181

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,176

Year Built

  • Built in 1884

HOA Fees

  • $1,057 Monthly HOA Fees

Home Design

  • Pre War Building

Interior Spaces

  • 1,827 Sq Ft Home
  • Entrance Foyer
  • Intercom
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Balcony
  • Central Air

Listing and Financial Details

  • Tax Block 2132

Community Details

Overview

  • 42 Units
  • Smith Grey Condos
  • Williamsburg Subdivision
  • 7-Story Property

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$13,176

Year Built

Built in 1884

Lot Details

0

HOA Fees

$1,057 per month

Listing Details

  • Cross Street: BEDFORD AVENUE and DRIGGS AVENUE
  • Exposures: East,West
  • Property SubType: Loft
  • Property Type: Residential
  • Neighborhood: Williamsburg
  • Architectural Style: Prewar, Loft
  • Entry Level: 4
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 7

Interior Features

  • Interior Features: Entrance Foyer, Eat-in Kitchen
  • Appliances: Dryer, Washer
  • Equipment (Other): Intercom
  • Living Area: 1827.0
  • Living Area Units: Square Feet
  • Rooms (Total): 8

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 3

Exterior Features

  • Exterior Features: Balcony
  • Patio/Porch Features: Balcony

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Common On Floor, Common Area
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1057.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 80.0 x 141.0

Building Info

  • New Construction: No
  • Building Name: Smith Grey
  • Units: 42
  • Total Stories: 7
  • Year Built: 1884

Tax Info

  • Tax Block: 2132
  • Tax Annual: 13176.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2021
Closed on
Nov 9, 2021
Sold by
Lee Denise P and Minervini Roberto
Bought by
Daitz Benjamin and Daitz Mimi
Seller's Agent
Marvin Chu
Corcoran Group
List Price
$2,189,000
Sold Price
$1,943,000
Premium/Discount to List
-$246,000
-11.24%
Current Estimated Value
$1,980,700

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,700
Avg. Annual Appreciation
-2.61%
Original Mortgage
$1,200,000
Outstanding Balance
$1,105,078
Interest Rate
3.05%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$652,777

Purchase Details

Closed on
Apr 8, 2003
Sold by
Kay 138 Broadway Realty Associates Llc
Bought by
Lee Denise P and Minervini Roberto
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Daitz Benjamin $1,943,000 --
Lee Denise P $647,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Daitz Benjamin $1,200,000
Closed Lee Denise P $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2021 11/12/21 Sold $1,943,000 -11.2% $1,063 / Sq Ft
07/26/2021 07/26/21 Pending -- -- --
05/21/2021 05/21/21 For Sale $2,189,000 -- $1,198 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $16,988 $148,469 $3,268 $145,201
2024 $16,988 $143,727 $3,268 $140,459
2023 $13,682 $137,275 $3,268 $134,007
2022 $12,252 $131,636 $3,268 $128,368
2021 $10,098 $123,367 $3,268 $120,099
2020 $5,359 $143,430 $3,268 $140,162
2019 $12,497 $140,289 $3,268 $137,021
2018 $13,954 $130,573 $3,268 $127,305
2017 $13,014 $121,704 $3,268 $118,436
2016 $10,625 $114,760 $3,268 $111,492
2015 $533 $93,249 $3,268 $89,981
2014 $533 $88,306 $3,268 $85,038
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10719970

Real Estate Board of New York (REBNY)

APN: 02132-1130