138 Broadway #3B
About This Property
Smith, Gray & Co. Building combines Old World charm with modern luxuries including central heat and air conditioning, laundry rooms on every floor, and video intercom security and package management. Additional outdoor space is accessible for all residents including a central courtyard with BBQs, and a common furnished roof deck with 360 views, providing residents with abundant options for outdoor entertainment and enjoyment. This architecturally striking cast-iron building, constructed in 1884, is situated near the waterfront in Brooklyn's most desirable and hip neighborhood. The vibrant surroundings offer world-class dining, from legends like Peter Luger Steak House and alongside fantastic boutique shopping and notable brand names like Whole Foods, Trader Joe's, Starbucks, and the Apple Store.
Transportation options into the city are abundant, including the J/M/Z trains, multiple bus lines, the East River Ferry nearby, and the Bedford L train 12 minutes away. All trains are just one stop to Manhattan, making this Brooklyn location incredibly convenient for an easy commute into the city.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 4, 2019 | No longer available | - | |
| No longer available | |||
| May 31, 2019 | Sold | ||
| Sold | |||
| Mar 30, 2019 | In contract | - | |
| In contract | |||
| Jan 15, 2019 | Listed by Compass | $995,000 | |
| Listed by Compass | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/10/2025
|
3 Bed
|
2 Bath
|
1843 ft²
|
$2,500,000
3 Bed
2 Bath
1843 ft²
|
$2,650,000
+6.00%
12/18/2025
|
Yesim Ak
Compass
| |
|
05/27/2025
|
3 Bed
|
2 Bath
|
1787 ft²
|
$2,650,000
3 Bed
2 Bath
1787 ft²
|
$2,410,000
-9.06%
12/29/2025
|
Nicole Dillon
Corcoran Group
| |
|
03/08/2023
|
1 Bed
|
1 Bath
|
966 ft²
|
$1,295,000
1 Bed
1 Bath
966 ft²
|
$1,412,000
+9.03%
05/10/2023
|
JASON BAUER
Weichert Properties
| |
|
07/29/2022
|
1 Bed
|
1 Bath
|
933 ft²
|
$999,000
1 Bed
1 Bath
933 ft²
|
$999,000
09/29/2022
|
EUGENE LITVAK
Compass
| |
|
07/05/2021
|
3 Bed
|
3 Bath
|
2117 ft²
|
$2,355,000
3 Bed
3 Bath
2117 ft²
|
$2,355,000
10/29/2021
|
Evan Church
Corcoran
| |
|
05/25/2021
|
1 Bed
|
1 Bath
|
871 ft²
|
$1,080,000
1 Bed
1 Bath
871 ft²
|
$1,080,000
10/22/2021
|
Rezwan Sharif
Elliman
| |
|
05/20/2021
|
3 Bed
|
2 Bath
|
1827 ft²
|
$1,943,000
3 Bed
2 Bath
1827 ft²
|
$1,943,000
11/12/2021
|
Evan Church
Corcoran
| |
|
11/23/2020
|
3 Bed
|
2 Bath
|
1815 ft²
|
$2,100,000
3 Bed
2 Bath
1815 ft²
|
$2,100,000
03/10/2021
|
Melanie Metzler
Elliman
| |
|
07/09/2020
|
1 Bed
|
1 Bath
|
934 ft²
|
$1,090,000
1 Bed
1 Bath
934 ft²
|
$1,090,000
11/05/2020
|
Philip Hale
The Corcoran Group
| |
|
05/31/2020
|
3 Bed
|
3 Bath
|
1958 ft²
|
$2,695,000
3 Bed
3 Bath
1958 ft²
|
$2,695,000
04/15/2021
|
Jon Cella
Compass
| |
|
05/21/2020
|
3 Bed
|
2 Bath
|
1815 ft²
|
$2,150,000
3 Bed
2 Bath
1815 ft²
|
$2,050,000
-4.65%
10/09/2020
|
Carey Larsen
The Corcoran Group
| |
|
10/23/2019
|
3 Bed
|
2 Bath
|
1815 ft²
|
$1,895,000
3 Bed
2 Bath
1815 ft²
|
$1,895,000
01/22/2020
|
Kristin Thomas
Trump International Realty
| |
|
01/15/2019
|
Studio
|
1 Bath
|
925 ft²
|
$995,000
Studio
1 Bath
925 ft²
|
$995,000
06/03/2019
|
Kristin Thomas
Trump International Realty
| |
|
05/01/2018
|
1 Bed
|
1 Bath
|
879 ft²
|
$1,025,000
1 Bed
1 Bath
879 ft²
|
$1,025,000
07/10/2018
|
Bruce Henderson
Corcoran Group
| |
|
02/06/2018
|
3 Bed
|
2 Bath
|
1845 ft²
|
$1,995,000
3 Bed
2 Bath
1845 ft²
|
$1,980,000
-0.75%
05/18/2018
|
Michelle Maryk
Corcoran Group
| |
|
01/24/2018
|
3 Bed
|
2 Bath
|
2318 ft²
|
$1,995,000
3 Bed
2 Bath
2318 ft²
|
$1,995,000
04/11/2018
|
Bruce Henderson
Corcoran Group
| |
|
09/06/2017
|
1 Bed
|
1 Bath
|
864 ft²
|
$1,050,000
1 Bed
1 Bath
864 ft²
|
$926,000
-11.81%
04/27/2018
|
Gregory Klein
Brown Harris Stevens Residential Sales LLC
| |
|
09/12/2017
|
1 Bed
|
1 Bath
|
934 ft²
|
$1,075,000
1 Bed
1 Bath
934 ft²
|
$999,000
-7.07%
01/26/2018
|
Jonah Cohen
Corcoran Group
| |
|
09/05/2017
|
1 Bed
|
1 Bath
|
966 ft²
|
$1,100,000
1 Bed
1 Bath
966 ft²
|
$1,100,000
11/08/2017
|
Siim Hanja
Brown Harris Stevens Residential Sales LLC
| |
|
06/16/2017
|
1 Bed
|
1 Bath
|
861 ft²
|
$950,000
1 Bed
1 Bath
861 ft²
|
$950,000
06/16/2017
|
Michelle Maryk
Corcoran Group
| |
|
05/18/2017
|
1 Bed
|
2 Bath
|
2300 ft²
|
$2,300,000
1 Bed
2 Bath
2300 ft²
|
-
04/11/2018
|
Christian Emanuel
Sothebys International Realty
| |
|
03/13/2017
|
3 Bed
|
2 Bath
|
1845 ft²
|
$2,100,000
3 Bed
2 Bath
1845 ft²
|
-
-
|
Michelle Maryk
Corcoran Group
| |
|
02/13/2017
|
3 Bed
|
3 Bath
|
2070 ft²
|
$2,649,000
3 Bed
3 Bath
2070 ft²
|
$2,649,000
04/20/2017
|
Kyle P Sennish
The Corcoran Group
| |
|
07/18/2016
|
2 Bed
|
2 Bath
|
1704 ft²
|
$2,150,000
2 Bed
2 Bath
1704 ft²
|
-
-
|
David Michael Balk
Halstead Property, LLC
| |
|
10/30/2015
|
1 Bed
|
1 Bath
|
879 ft²
|
$1,125,000
1 Bed
1 Bath
879 ft²
|
$999,999
-11.11%
05/31/2016
|
Pablo Cuevas
Corcoran Group
| |
|
10/14/2015
|
3 Bed
|
2 Bath
|
1815 ft²
|
$2,289,000
3 Bed
2 Bath
1815 ft²
|
-
-
|
Martin Eiden
Compass
| |
|
02/12/2015
|
1 Bed
|
1 Bath
|
879 ft²
|
$1,099,000
1 Bed
1 Bath
879 ft²
|
-
-
|
Jason Smircich
Compass
| |
|
12/03/2014
|
3 Bed
|
2 Bath
|
1815 ft²
|
$2,550,000
3 Bed
2 Bath
1815 ft²
|
-
-
|
Deborah Rieders
Corcoran Group
| |
|
05/12/2014
|
2 Bed
|
2 Bath
|
1704 ft²
|
$1,600,000
2 Bed
2 Bath
1704 ft²
|
$1,600,000
05/12/2014
|
Lior Barak
The Corcoran Group
| |
|
03/08/2013
|
Studio
|
1 Bath
|
-
|
$695,000
Studio
1 Bath
|
$745,000
+7.19%
06/28/2013
|
Fatima C.
Halstead dba Brown Harris Stevens Residential Sales LLC
| |
|
08/02/2012
|
3 Bed
|
2 Bath
|
1815 ft²
|
$1,325,000
3 Bed
2 Bath
1815 ft²
|
$1,500,000
+13.21%
12/07/2012
|
Jason Warner
MNS
| |
|
03/24/2012
|
Studio
|
1 Bath
|
859 ft²
|
$669,000
Studio
1 Bath
859 ft²
|
$640,000
-4.33%
06/06/2012
|
Karyn Wiseman
aptsandlofts.com
| |
|
04/14/2009
|
2 Bed
|
2 Bath
|
2221 ft²
|
$899,000
2 Bed
2 Bath
2221 ft²
|
$890,000
-1.00%
08/18/2009
|
Marta Maletz
Brown Harris Stevens Residential Sales LLC
| |
|
11/30/-0001
|
1 Bed
|
1 Bath
|
-
|
$902,100
1 Bed
1 Bath
|
$902,100
08/14/2013
|
Michelle Maryk
Corcoran Group
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017