138 Broadway Condominium
138 Broadway, Brooklyn, NY 11211
Overview
- Units
- 40 residential · 2 commercial
- Subway
- 6 min walk to Marcy Av J M ZHewes St J M, 11 min
- Developer
- The Kay Organization, Inc.
- Offering price
- $21.9 million total
The sponsor of record is Kay 138 Broadway Realty Associates LLC, represented by Netherland Associates, LLC. The offering plan runs 270 pages. The sponsor has filed 7 amendments, the latest in August 2009. The nearest other condo plan on file is 405 Bedford Avenue Condominium, next door.
Plan CD010171 · New · accepted Nov 19, 2001 · AG record ↗
Compare
| Figure | This building1 | Graham225 units · 1.4 miaccepted 2001 | 564-580 Park Plaza368 units · 0.3 miaccepted 2001 |
|---|---|---|---|
| Average Offering PricePer Apartment | $553,050Highest | $419,200 | $314,853 |
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Unit mix, closings, budgets, finishes and the team, against Graham and 564-580 Park Plaza, cited to the offering plans. No credit card required.
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- Comps: the closest Brooklyn plans on size, $/SF and launch date, within 2 miles when possible.
- Figures: each building's own offering plan, filed with the NY Attorney General. Nothing is estimated.
- Checked: a price list publishes only when its math adds up, and building pages cite the plan pages.
- Labels: In line is between the comps; Below/Above peers is past both by up to 15%; Lowest/Highest by more.
Units & Prices
Closings Pro
| Homes closed88% of the homes in Schedule A | 35 of 40 |
| Closing prices vs. Schedule A32 homes: $27,172,350 at closing against $18,007,000 in Schedule A (p. 15, p. 16) | +50.9% |
| Closingsfirst and latest recorded | Dec 5, 2002 – Jan 21, 2020 |
Sales recorded with the Department of Finance (ACRIS) through Apr 30, 2026: deeds, or transfer tax filings for a building on leased land, of $10,000 or more. A home's first sale since the plan was filed is the sponsor's closing; resales aren't counted. Closing prices are compared with the same home's Schedule A price, as first offered; a deed covering more than one home isn't compared. Amendments often change prices before a home closes, and a deed that includes parking or storage counts its full price. ACRIS records a sale weeks after closing, so recent contracts don't appear yet. Every building's sales.
All 35 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| PHF | Dec 5, 2002 | $410,000 | $400,000 p. 16 | +2.5% |
| 5D | Dec 17, 2002 | $392,317 | $365,000 p. 16 | +7.5% |
| 4G | Apr 8, 2003 | $646,589 | $775,000 p. 16 | −16.6% |
| 1A | Apr 9, 2003 | $687,319 | $550,000 p. 15 | +25% |
| 5G | Jul 9, 2003 | $738,231 | $825,000 p. 16 | −10.5% |
| PHB | Aug 21, 2003 | $999,922 | $1,350,000 p. 16 | −25.9% |
| PHG | Aug 21, 2003 | $987,703 | — | — |
| 3G | Sep 15, 2003 | $687,319 | $760,000 p. 16 | −9.6% |
| 5C | Oct 27, 2003 | $479,950 | $395,000 p. 16 | +21.5% |
| 2F | Nov 3, 2003 | $415,000 | $314,000 p. 15 | +32.2% |
| PHE | Dec 23, 2003 | $941,881 | $1,000,000 p. 16 | −5.8% |
| PHD | Feb 18, 2004 | $1,022,323 | $1,050,000 p. 16 | −2.6% |
| COM3 | Sep 13, 2004 | $742,304 | — | — |
| 2D | Jan 10, 2005 | $649,000 | $335,000 p. 15 | +93.7% |
| 3F | Apr 2, 2005 | $530,000 | $320,000 p. 16 | +65.6% |
| 4B | May 18, 2005 | $575,000 | $360,000 p. 16 | +59.7% |
| 4D | Oct 6, 2005 | $575,000 | $340,000 p. 16 | +69.1% |
| 2B | Sep 29, 2006 | $585,000 | $350,000 p. 15 | +67.1% |
| PHA | Dec 7, 2006 | $1,200,000 | $1,200,000 p. 16 | 0% |
| 3A | Feb 20, 2007 | $610,000 | $335,000 p. 15 | +82.1% |
| 4F | Aug 28, 2007 | $670,000 | $340,000 p. 16 | +97.1% |
| 5B | Aug 28, 2007 | $614,500 | $370,000 p. 16 | +66.1% |
| 5A | Mar 21, 2008 | $615,000 | $360,000 p. 16 | +70.8% |
| 2G | Apr 17, 2009 | $960,000 | $730,000 p. 15 | +31.5% |
| 4C | Aug 10, 2010 | $535,000 | $370,000 p. 16 | +44.6% |
| 1D | May 1, 2012 | $880,000 | $495,000 p. 15 | +77.8% |
| 5F | Jun 6, 2012 | $640,000 | $360,000 p. 16 | +77.8% |
| 4E | Dec 7, 2012 | $1,500,000 | $760,000 p. 16 | +97.4% |
| 2C | Apr 1, 2013 | $782,000 | $360,000 p. 15 | +117.2% |
| 3C | Apr 16, 2013 | $859,000 | $365,000 p. 15 | +135.3% |
| 5E | Jan 19, 2018 | $2,100,000 | $818,000 p. 16 | +156.7% |
| 1C | Apr 11, 2018 | $1,885,000 | $575,000 p. 15 | +227.8% |
| SU1 | Apr 11, 2018 | $1,885,000 | — | — |
| 3B | May 31, 2019 | $987,000 | $350,000 p. 15 | +182% |
| 3E | Jan 21, 2020 | $2,000,000 | $730,000 p. 15 | +174% |
Pro
Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
Budget
From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size
Team
- Sponsor
- Kay 138 Broadway Realty Associates LLC
- Developer
- The Kay Organization, Inc.
- Counsel
- Netherland Associates, LLC
- Tax estimate
- Unger Realty Services, Inc.Prepared the first-year real estate tax projection
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 405 Bedford Avenue Condominiumnext door · 24 units · 2000
- 152 Broadway Condominiumnext door · 5 units · 2008
- 154 Broadway Condominiumnext door · 4 units · 2007
- 416 Bedford Avenue Condominiumnext door · 11 units · 2001
- 156 Broadway Condominiumnext door · 8 units · 2014
- 147 Broadway Condominiumnext door · 3 units · 2006