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38 3RD Place
About This Property
A home of this caliber combining scale, architectural pedigree, extraordinary natural light, and a fully realized modern renovation is seldom available.
Designed by acclaimed architect Elizabeth Roberts, the residence achieves a remarkable balance between contemporary sophistication and the enduring character of a classic Brooklyn townhouse. Original architectural elements-including elegant moldings, a striking staircase, and a beautifully preserved marble fireplace mantle-anchor the home with a sense of history, seamlessly integrated within a refined, design-forward aesthetic.
The home offers five bedrooms, three full baths, and two powder rooms, each finished to the highest standard throughout.
Volume and light define the experience. At 20 feet wide, with consistently high ceilings throughout the entire home-across every level-and both north and south exposures, the interiors are filled with extraordinary natural light from morning through evening. Sunlight pours through oversized windows, enhancing the proportions of each room and reinforcing the home's sense of openness and scale.
The connection to the outdoors is effortless and beautifully executed. Just off the kitchen, a spacious deck creates an ideal setting for outdoor dining and entertaining, while the landscaped garden below-complete with a fire pit-offers a more private, tranquil retreat.
Modern systems have been thoughtfully integrated throughout, including central climate control, integrated sound, motorized shades, and radiant heated floors in select areas such as the bathrooms and the sunken media room-delivering elevated comfort within a highly considered architectural framework.
A rare convergence of width, light, architectural significance, and design-set on one of Brooklyn's most sought-after blocks.
If you would like to schedule your private showing, please contact us.
Please note that some pictures have been virtually staged.
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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 29, 2026 | Price Decreased |
$7,495,000
↓ $500K
(6.3%) | |
| Price Decreased | |||
| Apr 6, 2026 | Listed by Corcoran Group | $7,995,000 | |
| Listed by Corcoran Group | |||
| Sep 3, 2021 | Sold | ||
| Sold | |||
| Jul 2, 2021 | In contract | - | |
| In contract | |||
| Jun 15, 2021 | Listed by Corcoran Group | $6,495,000 | |
| Listed by Corcoran Group | |||
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About South Brooklyn
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017