# 70 Schermerhorn Street, Brooklyn

Condominium · 65 units · built 2018 · Block 271, Lot 7502.

On Umarelli: https://umarelli.org/nyc/3002717502/70-schermerhorn-street

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

## Building permits

- Alteration, filed May 5, 2023, estimated cost $10K, described as “Installation of sprinkler heads as per plans filed herewith.”
- Alteration, filed Jun 6, 2022, estimated cost $450, described as “Illuminated non-advertising accessory wall sign - peachy. No change of use, egress or occupancy.”
- Alteration, filed Apr 7, 2022, estimated cost $19K, described as “Additions/modifications to an existing sprinkler system as shown on plans. No change in use, egress or occupancy.”
- Alteration, filed Apr 7, 2022, estimated cost $40K, described as “Installation of mechanical ventilation, cooling and heating systems. Distribution of ductwork and piping for associated systems. No change in use, egress or occupancy.”
- Alteration, filed Apr 7, 2022, estimated cost $25K, described as “Additions / modifications to existing plumbing system and related piping as shown on plans. No change in use, egress or occupancy.”
- Alteration, filed Apr 7, 2022, estimated cost $80K, described as “New tenant build out of existing empty space with minor renovation to storefront. No change in use, egress or occupancy. Related applications filed under MS#B00695224-I1, PL#B00695228-I1 and SP#B00695235-I1.”
- Alteration, filed May 28, 2020, estimated cost $5K, described as “Installation of a temporary scaffold as per plans in conjunction with NB construction. No change in use, egress or occupancy. Scaffold shall comply with 2014 NYC building code, chapter 33.”
- Alteration, filed Mar 6, 2020, estimated cost $5K, described as “Installation of a temporary scaffold stair tower in conjunction with NB construction.no change in use, egress or occupancy. Scaffold shall comply with 2014 NYC building code, chapter 33.”
- Alteration, filed Mar 27, 2019, estimated cost $1K, described as “Installation of support scaffold in accordance with nycc 2014 chapter 33. No change in egress, use, or occupancy.”
- Alteration, filed Feb 12, 2019, estimated cost $1K, described as “Installation of heavy duty sidewalk bridge in roadway for pedestrian safety during construction. Sidewalk bridge shall comply with chapter 33 of the NYC cc of 2014. No change in use, egress, or occupancy.”
- Alteration, filed Aug 9, 2018, estimated cost $5K, described as “Installation of a construction fence as per plans in conjunction with NB construction. Fence will be partially placed on roadway. No change in use, egress or occupancy. Construction fence shall comply with 2014 NYC building code, chapter…”
- Alteration, filed Mar 14, 2018, estimated cost $5K, described as “Installation of a heavy duty sidewalk shed as per plans during demo work. No change in use, egress or occupancy. Sidewalk shed to comply with chapter 33 of NYC building code of 2014.”
- Alteration, filed Mar 14, 2018, estimated cost $10K, described as “Installation of a scaffold as per plans during demo work. No change in use, egress or occupancy. Scaffold to comply with chapter 33 of NYC building code of 2014.”
- Alteration, filed Feb 23, 2018, estimated cost $4K, described as “Installation of temporary construction plywood fence as per plans during construction. No change in use, egress or occupancy. Hoist to comply with chapter 33 of NYC building code of 2014.”

## Property taxes

- Assessment: $16,238,071
- 2026–27 tax: $1,455,438
- Market value (city estimate): $28,337,605
- Taxable value: $11,781,368
- Assessed land: $1,232,555
- Assessed improvements: $15,005,516
- Condo units with their own tax lots: 61

## Zoning

C6-2A (part of the lot is C5-4): floor area ratio 7.02 built, above the 6.02 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Aug 12, 2026: $2,350,000, Apt 3A
- Jul 30, 2026: $4,450,000, Apt PH1
- Oct 10, 2025: $1,550,000, Apt 4C
- Aug 27, 2025: $1,515,000, Apt 2C
- Mar 15, 2024: $2,160,000, Apt 5A
- Feb 15, 2024: $2,395,000, Apt 10B
- Jul 24, 2023: $2,275,000, Apt 2A
- Jun 29, 2023: $1,887,021, Apt 4D
- Oct 13, 2022: $1,860,356, Apt 7D
- Sep 29, 2022: $2,850,000, Unit RETU, sold with other lots

The 10 most recent of 66 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

- 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

[The Symon Finishes Construction at 76 Schermerhorn Street in Brooklyn Heights](https://newyorkyimby.com/2021/08/the-symon-finishes-construction-at-76-schermerhorn-street-in-brooklyn-heights.html), New York YIMBY, Aug 16, 2021.

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