211 Schermerhorn Street
211 Schermerhorn Street, Brooklyn, NY 11201
BBL 3001657502 · BIN 3424448
- Year built
- 2021
- Type
- Condominium
- Units
- 48
- Floors
- 14
- Landmark
- No
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 211 Schermerhorn Street would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
Schermerhorn Street is the line where Downtown Brooklyn's tower zoning meets Boerum Hill's row houses, and 211 sits exactly on it. The north side of the street is C6-4 in the Special Downtown Brooklyn District; the south side is the brownstone neighborhood. At fourteen stories, this building is tall enough to clear the row-house roofline across the street and short enough to be a boutique in a district now defined by high-rise towers.
What makes it worth a separate page is how cleanly it resolved. Downtown Brooklyn condominium regimes often keep a block of sponsor units in rental, or never sell at all. Here all 48 residences were sold by the sponsor to separate buyers between February 2021 and September 2022. The eleventh amendment to the offering plan, filed in 2022 with 20 units still unsold, reported zero rent from them: the sponsor was holding vacant inventory for sale, not running a rental. By the end of that year the residential side was sold out. The retail unit followed in March 2025. The only thing the sponsor still holds is the Reserved Unit in the cellar.
That Reserved Unit is small and it matters. Under the offering plan, all excess development rights on the site, including any additional rights created later, are allocated to it, and the sponsor retained it. The unit owners do not control the building's unused air rights.
The other fact that sets this building apart from its Brooklyn peers is taxes. Many Brooklyn condominiums built between 2008 and 2022 carry a 421-a exemption, and buyers price that in. 211 Schermerhorn does not have one. The Department of Finance shows no exemption on any residential lot for any year on file, and the plan never projected one for the apartments. What you see on the tax bill is the full number, and it will not step up. That cuts both ways: carrying costs are higher than at an abated building of the same age, but no phase-out is waiting.
Architecture and unit composition
Morris Adjmi Architects is on the new-building filing as architect of record, and the firm certified the condominium's tax-lot drawings. The building rises fourteen stories over a cellar and sub-cellar, with the retail unit at grade, the residential lobby, and residential floors numbered 2 through 12, 14 and the penthouse level. There is no floor labeled 13.
The typical floor, 3 through 11, carries four residences lettered A through D. The C line is the building's one-bedroom stack, six units from the sixth floor up. The D line is a stack of three-bedrooms from the sixth floor through the eleventh, and a two-bedroom below that. Floors 12 and 14 drop to three residences each, all three-bedrooms, and the three penthouses (PHA, PHB and PHC) are three-bedrooms with private roof space of roughly 440 to 680 square feet per Schedule A. At the base, two ground-level three-bedroom residences carry private gardens; Schedule A gives GRD A about 1,050 square feet of outdoor space. The second floor has a single residence, 2C.
Residences run from about 750 to about 1,944 square feet on the Department of Finance roll, which follows the plan's measurements. As the plan notes, and as is standard in New York condominium plans, those figures are measured to the exterior face of exterior walls and the centerline of demising walls and exceed usable floor area.
The ground floor is split between the residential lobby and a retail unit of about 10,000 square feet. The retail owner filed for an interior renovation, new plumbing and illuminated signage in 2026.
Building operations
The condominium is governed by its Board of Managers through a managing agent. The plan provides for a residential lobby attended around the clock, a sub-cellar fitness room, a media room, a lounge, a shared roof terrace subject to board rules on capacity, noise and glassware, bicycle storage and a common laundry. Storage lockers are licensed rather than owned: the plan offered 34 locker licenses, each tied to ownership of a residence, and the sponsor kept the proceeds.
Two items belong in any buyer's diligence:
- The certificate of occupancy is still temporary. DOB first issued a TCO in January 2021 and has renewed it without change seventeen times since, most recently in July 2026. Some lenders and underwriting programs ask for a final CO or a current TCO. Get the status and the open items from the managing agent before you apply for a loan.
- The construction lender is gone. The sponsor's construction and building loans were satisfied of record in December 2021.
Policy framework
Right of first refusal: The Board holds a right of first refusal on sales and leases, exercised through waivers processed by the managing agent. Fees apply to sale, lease, refinance and alteration applications.
Pets: Dogs, cats, caged birds and fish are permitted if they do not cause a nuisance. The Board may regulate size and number or adopt a no-pet policy.
Use: One family per residence. Dormitory, bed-and-breakfast and other transient use, including short-term booking platforms, is prohibited.
Ownership: The plan contemplates ownership by individuals, corporations, LLCs and fiduciaries.
Taxes: Full taxes. No 421-a or other exemption on any residence. The plan's ICAP application covered only the retail unit, and the Finance roll does not show ICAP in effect.
Flip tax, minimum lease term and working-capital contribution: Not confirmed from the documents reviewed. Get current figures from the managing agent at offer stage.
Recent sales
211 Schermerhorn resales trade as new-development condominium, priced per square foot against the Downtown Brooklyn and Boerum Hill condominium set built between 2015 and 2024. Sponsor pricing was set in 2019 through 2021; the resale record since then is thin, with only a handful of trades, as you would expect in a building whose first owners closed in 2021 and 2022. Within the building, three variables do most of the work: whether a home is on the three-bedroom D line or one of the upper full-floor-width three-bedrooms, whether it carries private outdoor space (the garden residences and penthouses), and floor height relative to the Boerum Hill roofline to the south. When comparing against abated buildings, adjust for the full tax bill here. Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Recent closings at this building, sourced from NYC Department of Finance records. Apartment-level detail (line, condition, asking-price context) verified upon consultation request.
| Date | Unit | Price |
|---|---|---|
| Apr 21, 2026 | 7D | $2,100,000 |
| Jan 12, 2024 | 8B | $1,480,000 |
| Sep 21, 2022 | 14B | $1,900,000 |
| Jul 28, 2022 | 5B | $1,400,000 |
| Jul 18, 2022 | 12B | $1,900,000 |
| Jul 6, 2022 | 11B | $1,550,000 |
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 3-00165-7502) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price.
Buying here? Condo closing costs with a mortgage typically run 3 to 6% of the price. See NYC co-op and condo closing costs, line by line.
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What to know if you’re buying
Underwrite the real tax bill. No 421-a applies to any residence, so the current bill is the long-term bill, subject only to ordinary reassessment. At an abated comparable, the number is lower today and rises later. Compare on a like-for-like carrying cost, not on the monthly figure in the listing.
Ask about the certificate of occupancy before you apply for a mortgage. The building has run on a renewed TCO since 2021. Ask the managing agent for the current TCO, the open items and the expected date of a final CO, and give that to your lender early.
The sponsor is out of the residential side. All 48 residences sold to separate owners by 2022, and the retail unit sold in 2025. That removes the sponsor-concentration questions lenders ask about newer Downtown Brooklyn condominiums. The sponsor keeps only the Reserved Unit and the development rights assigned to it.
Check the storage-locker license. Lockers are licenses tied to ownership of a residence. Confirm whether one comes with the unit you are buying and that the license will be assigned at closing.
What to know if you’re selling
Lead with the sellout. A building where every residence is owned by an unrelated party, with no sponsor rental block, is a clean financing story. Put it in the listing.
Get the CO question answered before a buyer's lender asks it. Have the current TCO and the managing agent's statement on final-CO status in the deal room.
Price against unabated comparables, or explain the difference. If a competing listing looks cheaper on monthly cost because it carries 421-a, show the buyer the phase-out schedule for that building. The difference often narrows over the holding period.
Comparable buildings
If you're considering 211 Schermerhorn Street, also evaluate:
- 319 Schermerhorn Street (The Nevins) — a newer condominium two blocks east on the same Downtown–Boerum Hill seam
- 76 Schermerhorn Street (The Symon) — a condominium delivered in 2021 at the Brooklyn Heights end of the street, from the same vintage
- 10 Nevins Street (The Brooklyn Grove) — ODA-designed condominium from 2019 around the corner; larger building, more amenities
- 11 Hoyt Street — Studio Gang's Downtown Brooklyn condominium tower; the large-building alternative a few blocks north
- Nine Chapel (9 Chapel Street) — design-led Downtown Brooklyn condominium of recent vintage
- 556 State Street (Boerum Heights) — mid-rise Boerum Hill condominium from 2006; the older new-development comparable
- 96 Schermerhorn Street (Boerum Court) — prewar co-op conversion on the same street, for a co-op-versus-condo comparison
More Downtown Brooklyn buildings
- 112 Fleet Place (Alfred on Fleet) — 2021 condominium
- 319 Schermerhorn Street (The Nevins) — 2015 condominium by Isaac & Stern Architects
- 365 Bridge Street (BellTel Lofts) — 1929 condominium by Beyer Blinder Belle
- 388 Bridge Street — 2007 condominium by SLCE Architects
- Brooklyn Point (138 Willoughby Street) — 2019 co-op by Kohn Pedersen Fox (KPF)
- Nine Chapel (9 Chapel Street) — 2022 condominium
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Downtown Brooklyn.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at 211 Schermerhorn Street?
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