The wrecking ball is coming for this attractive circa-1900 walkup at 88 Schermerhorn Street in Downtown Brooklyn, which sold for $11,000,000 last month and will be replaced by condos. The new owner, Second Development Services, filed a demolition application for the four-story, eight-unit building last Friday.
A deed dated October 1 lists Second Development as the buyer. The site’s zoning allows a building as large as 33,330 square feet, which works out to a sale price of $330 per buildable square foot, a record for the area, according to GlobeSt.com, which covered the sale.
Photo by Google Maps