87 Smith Street (The Smith)
87 Smith Street, Brooklyn, NY 11201
Boerum Hill, Brooklyn
BBL 3001767501 · BIN 3392395
- Year built
- 2007
- Type
- Condominium
- Units
- 50
- Floors
- 13
- Pets
- Not documented in the materials on file — confirm the current house rules
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Leasing by owners
- Permitted with conditions
- Doorman
- Part-time doorman
Every recorded sale at this building, 2007–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf, 2026 to date
- $1,069
- floor-adjusted, 1 sale
- Listing discount
- 3.6%
- Recorded sales
- 93
- On record
- 2007–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Smith would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
87 Smith Street is an early ground-up condominium on the Smith Street–Atlantic Avenue corner where Boerum Hill meets Downtown Brooklyn. It closed its first units in December 2007, before the 2008 downturn and before the tower wave north of Schermerhorn Street. All 50 residences went to separate buyers between December 2007 and September 2009, per ACRIS. That early date is the reason the building's carrying costs have to be read carefully.
The building was sold with a 15-year 421-a exemption, the property-tax exemption New York City gave new residential construction. The exemption no longer applies. DOF's records show the benefit starting in 2008 and the exempt value falling to zero from the 2022/23 tax year. A buyer comparing this building with a Brooklyn condominium built in 2015 or later is comparing a fully taxed building with one that may still be abated. Calculate the actual tax and total-cost difference, and assess matched sales before inferring how the benefit affects purchase prices.
Structurally, this is a stacked condominium. A hotel, two retail units, a community-facility unit and a commercial parking garage share the building with the residences, each as its own tax lot and each paying common charges under the plan's allocation. In 2018 the commercial units contributed roughly a quarter of common-charge revenue, per the audited statements. That spreads the building's costs over more owners. It also puts residential owners in a shared regime with commercial owners whose interests can differ. At the most recent year-end on file, a single commercial owner held about 22 percent of the common elements through one retail unit, the community-facility unit and the garage unit.
Architecture and unit composition
Meltzer/Mandl's design puts the hotel and commercial program in the base and the residences on floors 5 through 12. The upper floors have open exposures over the low brownstone blocks to the south and east. The offering plan warns that some units have lot-line windows, which would have to be sealed if an adjacent lot were built up. In every such case the plan states the affected bedroom keeps another legal window. Buyers should check the specific line.
The unit mix is mostly one- and two-bedroom homes, repeated six to a floor through the 11th floor. The A line is the smallest on each floor. The 12th floor is laid out differently, with eight units, including duplexes that run up to the 13th floor. A 2015 DOB filing combined two of those duplexes. The DOF unit lots are classed R4, residential units in an elevator building, and are held by individual owners, not a rental entity.
Building operations
The Smith Condominium is professionally managed and uses contracted concierge and janitorial service, per its audited financial statements. Utilities are submetered and charged back to unit owners, so residents pay their own electricity and gas consumption on top of common charges. In 2017 the board approved a special assessment of roughly $550,000 across all unit owners to fund exterior restoration and Local Law 87 work (the city's energy audit and retro-commissioning requirement). The 2018 statements also show façade waterproofing, HVAC, security and generator work. The condominium's governing documents do not require a reserve fund, and at the most recent year-end on file no reserve study had been commissioned. Buyers should ask for current reserves, the current budget and any open façade (FISP) cycle.
Nearby construction is also a diligence item. The city's borough-based jail program is replacing the former detention complex at 275 Atlantic Avenue, across Smith Street, with a larger building. Construction began in November 2024 and the steel topped out in April 2026, with substantial completion projected for spring 2029, per the city's Department of Design and Construction. Check the current schedule and construction impacts at offer stage.
Sublet and pied-à-terre policy
A condominium owner leasing a unit and a co-op shareholder subletting are different rules, and a building-wide rule is different from a restriction on one apartment. This is the building's rule; confirm it for the specific apartment.
- Leasing by owners
- Permitted with conditionsBoard approvalSource: The Roebling Team's building profile
- Pied-à-terre ownership
- Not verified
Considering an apartment here? Send Corey the listing to discuss the sublet and pied-à-terre rules for that apartment.
Own an apartment here? Request an apartment-specific pricing review.
Building staffing and amenities
- Doorman
- Part-time doormanSource: recent listing records
- Concierge
- YesSource: recent listing records
- Elevator
- YesSource: NYC Department of Buildings elevator records
- Amenities noted
- Fitness room, bike storage, storageSource: The Roebling Team's building profile
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. A filed Safe grade is not a guarantee of current condition: owners still maintain the facade and, where required, observe parapets each year. Future inspection timing (Local Law 49 of 2025 changed the cycle framework from October 1, 2026), repair and any assessment decisions remain building-specific.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — a licensed professional engineer or registered architect who meets DOB’s FISP qualifications and signs the report (the independent expert, not the managing agent).
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed October 2026.
Recent sales
Recent closings at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Sep 2, 2026 | 8E | 2 BR · 2 BA · 1,131 sf | $1,200,000 | $1,061/sf | +4.3% |
| Feb 4, 2025 | 7E | 2 BR · 2 BA · 1,131 sf | $1,200,000 | $1,061/sf | +9.1% |
| Aug 26, 2024 | 5D | 2 BR · 2 BA · 1,131 sf | $950,000 | $840/sf | -4.5% |
| Jun 5, 2024 | 10D | 1,131 sf | $1,050,000 | $928/sf | — |
| Aug 11, 2023 | 8C | 2 BR · 2 BA · 1,085 sf | $950,000 | $876/sf | -13.6% |
| Aug 2, 2023 | 9E | 2 BR · 2 BA · 1,131 sf | $1,135,000 | $1,004/sf | +0.0% |
| Aug 15, 2022 | 10A | 1 BR · 748 sf | $895,000 | $1,197/sf | — |
| Dec 16, 2021 | PH12D | 2 BR · 2 BA · 1,122 sf | $1,312,500 | $1,170/sf | +5.0% |
Market read. Most recent trades (2026 to date) cleared a median $1,069/sf (floor-adjusted) across 1 sale. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount 3.6% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 3-00176-7501; each condominium apartment is its own tax lot). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.
What would your apartment rent for?
Enter your apartment and I'll send you what it would rent for, from comparable closed leases at The Smith and nearby.
Buying here? Condo closing costs with a mortgage typically run 3 to 6% of the price. See NYC co-op and condo closing costs, line by line.
Keep up with The Smith and its market
The Roebling Report, monthly: Manhattan sales data and analysis, including buildings like The Smith. Unsubscribe anytime.
We’ll use your email for The Roebling Report and note your interest in this building. See our privacy policy.
What to know if you’re buying
Underwrite full taxes. The 421-a benefit is gone. The current tax bill is the real number; anything from an older listing or budget may still reflect the exemption.
Read the commercial side of the regime. Ask how common charges are split between residential and commercial units, who controls the commercial votes, and whether any disputes with commercial owners are open.
Ask about assessments and reserves. A large exterior assessment was levied in 2017, and the governing documents require no reserve. Get the latest audited statements and board minutes.
Parking is not a residential amenity. The garage is a separately owned commercial unit. Any space comes by arrangement with its operator, not with the apartment.
What to know if you’re selling
Lead with location and exposure. Floors 5 and up start above the hotel base, and upper-floor lines open over the brownstone blocks to the south and east.
Answer the tax question first. Buyers who compare against abated new construction will ask. Present the current full tax bill and common charges together so the monthly number is clear from the start.
Comparable buildings
If you're considering 87 Smith Street, also evaluate:
- 71 Smith Street — The Boerum, two blocks north; a later residences-over-hotel condominium on the same street
- 211 Schermerhorn Street — 48-unit new-construction condominium over retail nearby
- 319 Schermerhorn Street — The Nevins; mid-size Boerum Hill new construction
- 457 Atlantic Avenue — boutique residences-over-commercial condominium on the same corridor
- 120 Boerum Place — 1983 loft conversion two blocks west; the older condominium alternative
- 11 Hoyt Street — large-tower condominium to the north; a full-amenity comparison
- 230 Ashland Place — 108-unit new-construction condominium at the Fort Greene edge
More Boerum Hill buildings
- 610 Warren Street — 2015 condominium by Isaac & Stern Architects
- 71 Smith Street (The Boerum), The residential entrance is 265 State Street — 2016 condominium
- 8 St. Marks Place, Brooklyn — 2020 condominium
- 89 Douglass Street — 1920 condominium
- 93 Wyckoff Street — condominium
- 94 Wyckoff Street — 1900 condominium
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Boerum Hill.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at The Smith?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com