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88 Schermerhorn Street, Brooklyn, NY 11201 Property Information

88 Schermerhorn Street, Brooklyn, NY 11201 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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88 Schermerhorn Street, Brooklyn, NY 11201 1
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Address

Primary address 88 Schermerhorn Street
Neighborhood Boerum Hill
Zip code 11201
Borough Brooklyn
Block & lot 00271-0045

Sales & Tax Overview for 88 Schermerhorn Street, Brooklyn

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Purchase date 07/26/2022
Purchase price $11,250,000
Tax class
Estimated property tax $656,077

Lot & Building Information for 88 Schermerhorn Street, Brooklyn

Lot sqft 3,333
Lot dimensions 33.33 ft x 100 ft
Building class Elevator Apartment - Semi-fireproof without Stores (D1)
Building sqft 42,248
Buildings on lot 1
Stories 20
Year built 2024
Construction type
Status
Status date
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Zoning & Use for 88 Schermerhorn Street, Brooklyn

Zoning
Residential units (DOF) 58
Residential sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 15
Community district 2
Closest police station 0.50 Miles
Closest fire station 0.39 Miles

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Other Property Data for 88 Schermerhorn Street, Brooklyn

New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:

Floor area ratio (FAR) for 88 Schermerhorn Street, Brooklyn, NY 11201, including commercial and residential FAR, FAR as built and usable floor area.
Development maps such as planimetric, zoning, urban landscape, and HPD alternative enforcement program maps.
Violations for 88 Schermerhorn Street, Brooklyn, NY 11201, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 88 Schermerhorn Street, Brooklyn

What is the year built & the total sq. ft. for 88 Schermerhorn Street, Brooklyn, NY 11201?

88 Schermerhorn Street, Brooklyn, NY 11201 was built in 2024 and has a total of 42,248 square feet.

What is the assessed value of 88 Schermerhorn Street, Brooklyn, NY 11201 and the property tax paid?

Assessed at $395,550, the tax amount paid for 88 Schermerhorn Street, Brooklyn, NY 11201 is $27,989. For the next year, the tax amount for 88 Schermerhorn Street, Brooklyn, NY 11201 is estimated at $656,077.

When was 88 Schermerhorn Street, Brooklyn, NY 11201 last sold and what was the last sale price?

88 Schermerhorn Street, Brooklyn, NY 11201 was last sold in 07/26/2022 for $11,250,000.

How many residential units does this building have?

This building has 58 residential unit(s).

Ownership Information for 88 Schermerhorn Street, Brooklyn

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Property owner name for 88 Schermerhorn Street, Brooklyn, NY 11201
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Building contacts for 88 Schermerhorn Street, Brooklyn, NY 11201
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
Eliza Theiss, Apr 23, 2026 $4.6M Hudson Yards Maintains Top Spot, Luxury Sales in Malba Set $2.5M Price Record for Queens
Despite prices declining, Hudson Yards remained the most expensive NYC neighborhood, but TriBeCa’s growth closed the gap to under $400,000, while Malba set a new historic price record for Queens at $2.5 million, securing the highest ranking ever for the borough at #5.
Eliza Theiss, Mar 19, 2026 Cheaper in the City? Nearly 100 Communities in Suburban NYC Surpass $1M
New Yorkers planning a move to the suburbs increasingly find their options limited, after suburban home values shot up twice as fast as NYC medians over the last decade. While larger homes and better prices were long the norm outside the five boroughs, today, many NYC buyers find their option restricted to a handful of suburban markets.
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Past Sales & Property History for 88 Schermerhorn Street, Brooklyn

Create a free account to view the complete sales history for 88 Schermerhorn Street, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
07/26/2022 $11,250,000
07/31/2019 $13,647,512
10/27/2017 $10,500,000
       
       
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*Here are the three most recent sales for this property.

Title Documents for 88 Schermerhorn Street, Brooklyn

To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.

Date Type Amount Party 1 Party 2 Doc image
03/17/2026 - D
03/20/2026 - R
Assignment of Leases and Rents
(2026032000441006)
03/17/2026 - D
03/20/2026 - R
Agreement
(2026032000441005)
03/17/2026 - D
03/20/2026 - R
Mortgage
(2026032000441004)
03/17/2026 - D
03/20/2026 - R
Termination of Agreement
(2026032000441003)
03/17/2026 - D
03/20/2026 - R
Termination of Assign of L&R
(2026032000441002)
03/17/2026 - D
03/20/2026 - R
Termination of Assign of L&R
(2026032000441001)
12/15/2025 - D
01/23/2026 - R
Sundry Miscellaneous
(2026012300203001)
06/20/2023 - R UCC3 Termination
(2023053000847002)
05/23/2023 - D
06/20/2023 - R
Sundry Miscellaneous
(2023053000847009)
05/23/2023 - D
06/20/2023 - R
Assignment of Leases and Rents
(2023053000847008)
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R: Recorded date
D: Document date

Property Taxes for 88 Schermerhorn Street, Brooklyn

Access detailed property tax data for 88 Schermerhorn Street, Brooklyn, NY 11201. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $27,990
Estimated property tax: $656,077
Tax assessor's market value: $879,000
Assessed value: $395,550

Assessment History for 88 Schermerhorn Street, Brooklyn

Here's the assessment & property tax history for 88 Schermerhorn Street, Brooklyn, including the evolution of the total tax rate and corresponding property tax.

Year Market value Assessed value Taxable Tax rate % Base tax Property tax Year over year change
2025/26 $879,000 $395,550 $225,018 12.439% $27,990 $27,990 +75.52%
2024/25 $676,000 $304,200 $148,176 10.762% $15,947 $15,947 +68.02%
2023/24 $520,000 $234,000 $89,604 10.592% $9,491 $9,491 +97.79%
2022/23 $400,000 $180,000 $45,072 10.646% $4,798 $4,798 -94.39%
2021/22 $3,948,000 $1,776,600 $699,583 12.235% $85,594 $85,594 -0.26%

Permits for 88 Schermerhorn Street, Brooklyn

The complete history of permits filed for 88 Schermerhorn Street, Brooklyn, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.

Filing date Job type Job status Job description Initial cost
01/28/2026 New building
01/27/2026 New building
11/25/2025 Alteration
08/26/2025 Alteration
08/15/2025 Alteration
08/13/2025 Alteration
05/23/2025 New building
11/26/2024 New building
10/31/2024 Alteration
10/10/2024 Alteration
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Brooklyn Commercial Market Stats

Access a detailed real estate market overview of Brooklyn so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Brooklyn and compare it to other boroughs in New York City.

Median Price/Sqft Q1/2026
$426
-10.8% YoY
Median Price/Sqft Q4/2025
$493
11.7% YoY
Median Price/Sqft 2025
$492
6.6% YoY

Check out recently sold homes in Brooklyn and see how their prices compare.

Risk

FEMA flood zone(s): X (See more on map)

Transportation

Distance to Subway
Closest station Court St & Joralemon St at SE Corner
Station lines R-2-3-4-5
Distance (miles) 0.135
View subway map
Bus Routes
Name Boerum Pl/Schermerhorn St
Line B62
Distance (miles) 0.05

Neighbors for 88 Schermerhorn Street, Brooklyn

Here are the neighbors for 88 Schermerhorn Street, Brooklyn, NY 11201.

Address Square feet Purchase date Purchase price
79 Warren St, Brooklyn 4,163 09/26/2025 $10
27 Sidney Pl, Brooklyn 22,896
101 Clinton St, Brooklyn 51,276 04/03/1996
123 Atlantic Ave, Brooklyn 6,414 12/02/2005
137 Court St, Brooklyn 6,443 04/28/2011 $1,910,000
114 Amity St, Brooklyn 3,759 07/31/2015 $6,835,000
350 Hicks St, Brooklyn 145,845 02/18/2026 $33,200,000
219 Clinton St, Brooklyn 5,891 04/18/1980
1 Willow Pl, Brooklyn 3,152 09/10/2021 $3,200,000
46 Columbia Pl, Brooklyn 50 05/06/1925
218 Pacific St, Brooklyn 14,847 06/08/2007 $5,300,000
172 Congress St, Brooklyn
117 Clinton St, Brooklyn 30,560 06/27/1969
268 Hicks St, Brooklyn 2,499 11/09/1989
19 Columbia Pl, Brooklyn 4,371 07/30/2024 $7,100,000
26 Willow Pl, Brooklyn 11,447
50 Columbia St, Brooklyn 400 07/06/1995
99 Warren St, Brooklyn 675 02/14/2020 $10
60 State St, Brooklyn 23,791
128 Remsen St, Brooklyn 10,375 06/22/1977
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