88 Schermerhorn Street, Brooklyn
Apartment building · 55 units · built 2024 · Block 271, Lot 45.
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Building permits
Permit records are unavailable right now; the map lists them once the city responds.
Property taxes
- Assessment
- $5,368,050
- 2026–27 tax
- $87,055
- Market value (city estimate)
- $11,929,000
- Taxable value
- $5,274,360
- Assessed land
- $395,550
- Assessed improvements
- $4,972,500
Zoning
C5-4: floor area ratio 12.68 built, above the 10.00 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Jul 26, 2022: $11,250,000
- Jul 31, 2019: $13,647,512
Open-market sales since 2016, from the Department of Finance’s sales files.
Board and land use applications
- BOERUM PLACE REZONING (City Planning P2002K0384): Completed. 02DCP026K: ZONING MAP AMEDMENT FOR AN EXTENSION OF A C5-4 ZONING DISTRI CT INTO AN AREA THAT IS NOW ZONED C6-2A AND C5-2A WITHIN THE SPECIAL DOWNTOWN BROOKLYN DISTRICT
- BKLYN LAW SCHOOL (City Planning P2002K0065): Completed, decided Jul 29, 2002. 02DCP041K: ZONING MAP AMENDMENT IS PROPOSED FOR AN EXTENSION OF A C5-4 INTO AN NOW ZONED C6-2A AND C5-2A WITHIN THE SPECIAL DOWNTOW N BROOKLYN DISTRICT
- Proposed Extension of the Downtown Brooklyn BID (City Planning 2027K0210): Business improvement district, In Public Review. An action to facilitate a merger of 2 Business Improvement Districts (BID) and 1 Special Assessment District (SAD). The merger of the MetroTech Area BID, Court-Livingston-Schermerhorn BID and Fulton Mall SAD in Downtown Brooklyn, Community…
In the news
Housing Lottery Launches for 88 Schermerhorn Street in Brooklyn Heights, Brooklyn, New York YIMBY, Jul 16, 2025.