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Brooklyn / Brooklyn Heights / 11201

88 SCHERMERHORN STREET

Boro3
Block271
Lot45
BBL3002710045
Class D1
Residential units
55
Units in total
55
Storeys
20
Year built
2024
Last alteration on file
2023
Recorded transfers
6 since 2003
01

What has sold here

Every transfer the City has recorded against this lot since 2003 with a consideration above zero. A co-op apartment has no deed, so its sale is recorded as a Real Property Transfer Tax return instead; both are printed here and the instrument is named in the last column. The figure is the consideration as filed, which is not always the price a buyer would recognise.

RecordedConsiderationUnitWhat transferredInstrument
31 Jul 2019$13,647,512-APARTMENT BUILDINGDEED
27 Oct 2017$10,500,000-APARTMENT BUILDINGRPTT&RET
1 Oct 2014$11,000,000-APARTMENT BUILDINGDEED
7 Nov 2013$175,000-APARTMENT BUILDINGRPTT&RET
3 Oct 2013$3,750,000-APARTMENT BUILDINGDEED
27 Oct 2005$2,266,667-APARTMENT BUILDINGDEED
DEED
DEED. Conveys real property: a condominium apartment, or an entire building and the land under it.
RPTT&RET
BOTH RPTT AND RETT. A New York City Real Property Transfer Tax return filed together with the New York State return. A co-operative apartment sale conveys shares rather than real property, so this return, and not a deed, is what gets recorded.

By year

YearTransfersMedian recordedLowestHighest
20191$13,647,512--
20171$10,500,000--
20141$11,000,000--
20132$1,962,500$175,000$3,750,000
20051$2,266,667--
02

The building on the lot

Section through the lot

LOT 3,333 SQ FT20
Drawn from PLUTO: 20 storeys, 42,248 sq ft of building on 3,333 sq ft of lot, an average floor plate covering 63% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
3,333 sq ft
Building area
42,248 sq ft
Residential area
42,248 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
12.68
Residential FAR permitted
10
Zoning district
C5-4
03

Assessment

Assessed land value
$395,550
Assessed total value
$5,368,050
Exempt value
$0
Assessed per residential unit
$97,601

Assessed value is the figure the Department of Finance uses to levy property tax. For a class two building it is derived from an income approach and it is capped in how fast it can rise. It is not a market valuation and the two figures routinely differ by a wide margin. What the assessment does and does not tell you.

04

Classification and location

Building class
D1ELEVATOR APT; SEMI-FIREPROOF WITHOUT STORES
Neighbourhood
Brooklyn Heights
ZIP code
11201
Community district
Brooklyn 2
Council district
33
Coordinates
40.690343, -73.990415
05

Other buildings in Brooklyn Heights

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
360 FURMAN STREETRM4241928719$1.45m
75 HENRY STREETD43701967329$750k
79 CLARK STREETD4301197118$199k
110 LIVINGSTON STREETRM2991926466$1.06m
44 PINEAPPLE STREETD42751929389$728k
205 STATE STREETD123920030-
77 LIVINGSTON STREETD42381964332$499k
180 MONTAGUE STREETD6193199925-
55 PIERREPONT STREETRM18919281-
107 COLUMBIA HEIGHTSD115819590-
10 COLUMBIA PLACEC715718901-
40 CLINTON STREETD41531964189$585k

Every building on file in Brooklyn Heights