NOT LISTED FOR SALE

Estimated Value: $1,694,000 - $2,746,000

3 Beds
2.5 Baths
2,117 Sq Ft
$1,840/mo HOA Fee

Last Sold November 08, 2021

Last sale price $2,355,000 $1,112 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $17,226/month

33 Days on Market

Highlights

  • City View
  • Den
  • Eat-In Kitchen
  • Pre War Building
  • Balcony
  • 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 2,100+ SF prewar loft with a sprawling wrap-around roof deck set on the top floor of the iconic Smith Gray! Flawlessly located in the epicenter of South Williamsburg, this 1884-built historic cast iron structure became one of the most coveted Brooklyn warehouse conversions in the early 2000?s.

Residence PH-B, a 3 bedroom / 2.5 bathroom duplex, exemplifies the contemporary condo conversion of an authentic loft that is rich in original detail, industrial style, and palatial space. Showcasing exposed brick, well-maintained hardwood flooring, oversized windows, and high ceilings.

Set foot into a foyer/sitting area by the gorgeous staircase that divides the kitchen from the great room. The open galley granite kitchen with breakfast bar features a wine fridge, Wolf gas range, Sub-Zero refrigerator and Asko dishwasher. For added convenience, a powder room with laundry is right behind. The ~ 22? x 20" living & dining room is basked in amazing natural sunlight and boasts massive windows and a large balcony.

Ascend the staircase onto the upper level into an open space that would the ideal place for an office to work from home. The expansive master bedroom features walk-in closets, luxurious en-suite marble bath w double vanity, heated floors/towel rack and glass-enclosed shower. The other two bedrooms are graciously-sized with generous closet space. Finally, the 463 SF Roof Terrace is accessible from each room, and features extraordinary views of the Manhattan skyline and iconic NYC Bridges, outdoor shower and the infrastructure for an outdoor kitchen!

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: 07/05/2021

Corcoran Group

Co-Listed By

Evan Church

Corcoran Group License #30CH1028181

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $26,352

Year Built

  • Built in 1884

HOA Fees

  • $1,840 Monthly HOA Fees

Home Design

  • Pre War Building

Interior Spaces

  • 2,117 Sq Ft Home
  • Entrance Foyer
  • Den
  • City Views
  • Intercom
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms

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

$26,352

Year Built

Built in 1884

Lot Details

0

HOA Fees

$1,840 per month

Listing Details

  • Cross Street: BEDFORD AVENUE and DRIGGS AVENUE
  • Exposures: East,North,South,West
  • Property SubType: Loft
  • Property Type: Residential
  • Neighborhood: Williamsburg
  • Architectural Style: Prewar, Loft
  • Entry Level: 6
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 7

Interior Features

  • Interior Features: Den, Entrance Foyer, Eat-in Kitchen
  • Appliances: Dryer, Washer
  • Equipment (Other): Intercom
  • Living Area: 2117.0
  • Living Area Units: Square Feet
  • Rooms (Total): 6
  • Dining Room Type: Den

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bathrooms Integer: 3
  • Bedrooms: 3

Exterior Features

  • View: City
  • View: Yes
  • Exterior Features: Balcony
  • Patio/Porch Features: Balcony, Rooftop

Garage/Parking

  • Garage: No

Utilities

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

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1840.0
  • 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: 26352.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2021
Closed on
Oct 29, 2021
Sold by
Hofmann Dominik Andreas
Bought by
Geary James
Seller's Agent
Marvin Chu
Corcoran Group
List Price
$2,325,000
Sold Price
$2,355,000
Premium/Discount to List
$30,000
1.29%
Current Estimated Value
$2,371,166

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,166
Avg. Annual Appreciation
0.37%
Original Mortgage
$1,100,000
Outstanding Balance
$1,008,556
Interest Rate
2.88%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,379,778

Purchase Details

Closed on
May 23, 2013
Sold by
Pack Gretchen
Bought by
Hofmann Dominik Andreas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$661,316
Interest Rate
3.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 19, 2009
Sold by
Kartinen Scott and Pack Gretchen
Bought by
Pack Gretchen

Purchase Details

Closed on
Apr 18, 2007
Sold by
Jenkins Mark and Jenkins Natasha
Bought by
Kartinen Scott and Pack Gretchen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$812,500
Interest Rate
6.23%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 21, 2003
Sold by
Kay 138 Broadway Realty Associates Llc
Bought by
Jenkins Mark and Jenkins Nathasha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$883,800
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage
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
Geary James $2,355,000 --
Hofmann Dominik Andreas $2,050,000 --
Hofmann Dominik Andreas $2,050,000 --
Pack Gretchen -- --
Pack Gretchen -- --
Kartinen Scott $1,250,000 --
Kartinen Scott $1,250,000 --
Jenkins Mark $999,922 --
Jenkins Mark $999,922 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Geary James $1,100,000
Previous Owner Hofmann Dominik Andreas $661,316
Previous Owner Kartinen Scott $812,500
Previous Owner Jenkins Mark $883,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/08/2021 11/08/21 Sold $2,355,000 0.0% $1,112 / Sq Ft
10/29/2021 10/29/21 Sold $2,355,000 +1.3% $1,112 / Sq Ft
08/09/2021 08/09/21 Pending -- -- --
08/09/2021 08/09/21 Pending -- -- --
07/06/2021 07/06/21 For Sale $2,325,000 0.0% $1,098 / Sq Ft
07/05/2021 07/05/21 For Sale $2,325,000 -- $1,098 / 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 $29,589 $258,588 $5,692 $252,896
2024 $29,589 $250,328 $5,692 $244,636
2023 $23,831 $239,091 $5,692 $233,399
2022 $23,142 $229,270 $5,692 $223,578
2021 $26,358 $214,868 $5,692 $209,176
2020 $13,670 $249,813 $5,692 $244,121
2019 $21,767 $244,341 $5,692 $238,649
2018 $24,305 $227,419 $5,692 $221,727
2017 $22,667 $211,972 $5,692 $206,280
2016 $18,505 $199,877 $5,692 $194,185
2015 $1,308 $162,411 $5,691 $156,720
2014 $1,308 $153,803 $5,691 $148,112
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10730114

Real Estate Board of New York (REBNY)

APN: 02132-1139