138 BROADWAY #5C
About This Property
Positioned on the fifth floor of a 19th century cast-iron loft building, facing west over Bedford Avenue, this move-in ready apartment has partial skyline views of Manhattan and life-redeeming afternoon sunlight. A generous living/dining area abounds with original loft details. Not just exposed brick walls, hardwood floors and oversized windows, but, rarity of rarities, an 11.5ft high, tongue-and-groove, paint-free wood ceiling. The open kitchen is fully outfitted with stainless steel appliances and has ample cabinet and counter space. A brick wall, two feet thick, separates the living room area from a hallway that includes a sizable bathroom and a laundry/storage room, complete with full size washer/dryer, on-demand water heater and a Nest controlled central HVAC system. The king-sized bedroom at the end of the hallway is a private and peaceful remove from the rest of the space. This unique home exudes a certain feel of warmth and comfort, not for the glass high-rise crowd. It is solid, spacious, balanced. In a building that's a part of a distinct area of South Williamsburg that is continuing to grow in value and attract attention. This stretch of Broadway features a plethora of new restaurants, bars, entertainment and services and is only a few blocks from the J,M,Z station at Marcy Ave, with easy access to Manhattan. No L-train woes here!
Constructed in 1884, the Smith Gray condominium building was originally the headquarters, retail store and factory for Smith, Gray & Co., the largest manufacturer of ready-made clothing in the late-19th century. In 2002, it was redeveloped and converted into a 40-unit condominium. The building is pet-friendly and features refreshingly air-conditioned common hallways, video intercom, a laundry room on each floor, bike storage, full-time super, and a roof deck with fabulous 360 degree views of Brooklyn, the Williamsburg Bridge and the Manhattan skyline.
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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%.
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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 |
|---|---|---|---|
| May 10, 2023 | Sold | ||
| Sold | |||
| Mar 31, 2023 | In contract | - | |
| In contract | |||
| Mar 8, 2023 | Listed by Weichert Properties | $1,412,000 | |
| Listed by Weichert Properties | |||
| |||
|
966 Square foot One Bedroom Loft at the Smith-Grey Building.Immaculate loft one bedroom apartment at the heart of South Williamsburg. Come home to soaring ceilings and open space in this 966 square foot loft. Original details abound from the exposed brick, arched windows and wooden ceilings. Amazing Western Light and Partial Views of Downtown Manhattan. This loft offers 11+ foot ceilings. Washer / Dryer in Unit. Stainless Steel kitchen with dishwasher. Nest central Air/Heating, Video Security and finished common roof deck with gorgeous views of Manhattan round out the apartment.Built in 1902, the warehouse has been converted to lofts which retain their pre-war charm. The land marked, cast-iron Smith-Gray building is located just five minutes from Manhattan on the L or JMZ subway lines and is also near the Esplanade and abundant shopping and dining on Bedford Avenue. Elevator building, with amazing roof deck and virtual doorman intercom security.
| |||
| Nov 7, 2017 | Sold | ||
| Sold | |||
| Sep 5, 2017 | Listed by Brown Harris Stevens Residential Sales LLC | $1,100,000 | |
| Listed by Brown Harris Stevens Residential Sales LLC | |||
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