Brooklyn | February 2022

By Linecity, March 23, 2022

According to New York City records, the median price for an apartment in Brooklyn in the month of February was $760,000. The price represents a decrease of 2.8% from last year’s median price of $780,000. The number of sales decreased from 550 to 474 representing a year-over-year decline of 13.8%.

What exactly does $760,000 get you in Brooklyn? Let’s have a look.

Apartment 1-B at 395 Smith Street, is a 2 bedroom, 2 bath, 1,077 square foot duplex loft-style apartment.  The home has an eclectic style, if not somewhat of an unfinished look, across the two floors.  As you move from room to room, each space delivers its own bit of quirkiness.

395 Smith Street, aka the Smith Regency, is a pre-war condo located between 3rd Street and 4th Street in Carroll Gardens, just three blocks south of Carroll Park.  The nondescript brick building has 12 apartments across three floors.

Apartment 1-B offers seven modestly-sized rooms across its two levels.   The layout is a bit choppy but this home is not for everyone.

The ground floor level, which is partially below grade, is divided into three rooms: living room, dining room and kitchen.  The upper level contains four rooms and includes the two loft bedrooms.  There is a full windowed bath on each floor.

The first floor is pretty basic and because it is located below street level there is not much natural light.  The dining room at the end of the floor has no windows at all.  In an effort to bring more light into the space the hallway of the second level has been created out of glass cubes.  It is just another unusual detail that can be found in this home.

The upper level is really the heart of the residence.  This floor is more artfully designed than the first floor and offers some layout flexibility.  Exposed beams, graceful arches, painted brick walls and dark stained hardwood floors define the space. The hallway, as mentioned previously, has a  glass floor.

Our favorite room is the lounge.  It has a rustic nook with exposed brick walls and built-in bookcases. The apartment’s signature hardwood floors with glass brick grace this room as well.  Floor-to-ceiling windows look out onto Smith Street.  

The primary bedroom sits in a wing of its own and offers an en-suite bath, beamed ceilings, hardwood floors and built-in bookcases.  A second bedroom faces Smith Street.  The home office which does not have a window, could easily be transformed into a third loft bedroom.

The F and G trains are located one block north at the Carroll Street station.

Apartment 1-B at 395 Smith Street was introduced to the market in September 2021 for $750,000. The closed price of $760,000 represents a 1.3% price increase from the original ask.

The listing was represented by Helen Chee and Rezwan Sharif  of Compass. Please visit Linecity for more details.