# 88 Schermerhorn Street, Brooklyn

Apartment building · 55 units · built 2024 · Block 271, Lot 45.

On Umarelli: https://umarelli.org/nyc/3002710045/88-schermerhorn-street

More construction in Downtown Brooklyn: https://umarelli.org/nyc/brooklyn/downtown-brooklyn.md

## Building permits

- New Building — Tower, filed May 13, 2022, 55 units, 21 stories, described as “Proposed twenty one (21) story residential development as per plans. NB to be reviewed in HUB. Filing for 421a-Foundation Approval.”
- Alteration, filed Sep 30, 2024, estimated cost $6K, described as “Installation of temporary needle beam as per plans. No change in use, egress or occupancy.”
- Alteration, filed Aug 27, 2024, described as “Application filed for marquee in conjunction with NB job #B00736115-I1.”
- Alteration, filed Aug 22, 2024, estimated cost $4K, described as “Installation of temporary roof protection as per plans. No change in use, egress or occupancy.”
- Alteration, filed Jul 1, 2024, estimated cost $6K, described as “Installation of temporary personnel material hoist as per plans. No change in use, egress or occupancy.”
- Alteration, filed Jun 17, 2024, described as “Installation of temporary pipe scaffold as per plans. No change in use, egress or occupancy.”
- Alteration, filed Jun 17, 2024, estimated cost $4K, described as “Installation of temporary overhead protection as per plans. No change in use, egress or occupancy.”
- Alteration, filed Jun 17, 2024, described as “Installation of temporary sidewalk shed as per plans. No change in use, egress or occupancy.”
- Alteration, filed Jul 14, 2023, estimated cost $5K, described as “Nstallation of a temporary roof protection as per plans during construction. No change in use, egress or occupancy. Roof protection to comply with 2022 NYC building code, chapter 33.”
- Alteration, filed May 25, 2022, described as “Application filled for the installation of a single footing element as per drawings. All work in conjunction with the new building under job number B00736115-I1”
- Alteration, filed Nov 24, 2020, estimated cost $5K, described as “Installation of temporary construction plywood fence as per plans during construction. No change in use, egress or occupancy. Fence shall comply with chapter 33 of NYC building code of 2014.”
- Alteration, filed Feb 4, 2020, described as “Installation of sidewalk shed as per plans. No change in use, egress or occupancy.”
- Alteration, filed Feb 4, 2020, described as “Installation of pipe scaffold as per plans. No change in use, egress or occupancy.”

## 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.

## 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.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

## 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](https://newyorkyimby.com/2025/07/housing-lottery-launches-for-88-schermerhorn-street-in-brooklyn-heights-brooklyn.html), New York YIMBY, Jul 16, 2025.

From New York City and Jersey City public records, refreshed within a day of each release. Sources: https://umarelli.org/sources. Methodology and corrections: https://umarelli.org/methodology