Huge DoBro Lot Under Foreclosure Pressure


A huge parking lot at in Downtown Brooklyn—75 Schermerhorn Street to be exact—is scheduled to head to auction this month. The parking lot is about 17,000 square feet and stretches through Schermerhorn to Livingston Street. The lot is currently zoned for commercial purposes, with a maximum usable floor area of 103,707 square feet, according to Property Shark. The location is likely to appeal to developers, but the massive lien of $25,814,150 may be a slight turn-off. We’re keeping an eye on this one. GMAP P*Shark

8 Comment