THE CONDO BOOK PROJECT

211 Schermerhorn Condominium

211 Schermerhorn Street, Brooklyn, NY 11201

Compare

Overview

Units
48 residential · 34 storage · 1 commercial
Subway
1 min walk to Hoyt-Schermerhorn Sts A C GHoyt St 2 3, 3 min
Developers
GPB Capital Holdings, LLC, Oestreicher Properties
Principals
David Gentile, Deborah Tsabari, Gerard Jeffrey
Average $/sf
$1,360Homes in Schedule A, as first offered
Common charges
$895–$2,590 a monthSponsor's first-year estimate in Schedule A, 1/1/19-12/31/19
Offering price
$99.9 million total

The sponsor of record is 211 Schermerhorn Development LLC, represented by Starr Associates LLP. The offering plan runs 524 pages. The sponsor has filed 15 amendments, the latest in January 2025. The nearest other condo plan on file is 11 Hoyt Condominium, next door.

Plan CD170121 · New · accepted Oct 12, 2017 · AG record ↗

Compare

FigureThis building1561 Pacific263 units · 0.5 miaccepted 2018Six Ten Warren331 units · 0.6 miaccepted 2016
Common ChargesPer Square Foot / Month$1.22Highest$0.96$0.62
Average Offering PricePer Apartment$1.71MAbove peers$1.61M$1.51M
Average PricePer Square Foot$1,360In line$1,462$1,300
Property TaxesPer Square Foot / Month$0.71In line$0.90$0.10
Average Unit SizeSquare Feet1,258 SFLarger1,091 SF1,162 SF

Free Account

See the Full Comp

Unit mix, closings, budgets, finishes and the team, against 561 Pacific and Six Ten Warren, cited to the offering plans. No credit card required.

Create a free account
How We Got This
  • Comps: the closest Brooklyn plans on size, $/SF and launch date, within 2 miles when possible.
  • Figures: each building's own offering plan, filed with the NY Attorney General. Nothing is estimated.
  • Checked: a price list publishes only when its math adds up, and building pages cite the plan pages.
  • Labels: In line is between the comps; Below/Above peers is past both by up to 15%; Lowest/Highest by more.

Closings Pro

Homes closed100% of the homes in Schedule A48 of 48
Closing prices vs. Schedule A48 homes: $76,373,299 at closing against $82,070,000 in Schedule A (p. 47)−6.9%
Average closing price48 homes, on their Schedule A square feet$1,265 / SF
Closingsfirst and latest recordedAug 2, 2019 – Mar 18, 2025

Sales recorded with the Department of Finance (ACRIS) through Sep 30, 2026: deeds, or transfer tax filings for a building on leased land, of $10,000 or more. A home's first sale since the plan was filed is the sponsor's closing; resales aren't counted. Closing prices are compared with the same home's Schedule A price, as first offered; a deed covering more than one home isn't compared. Amendments often change prices before a home closes, and a deed that includes parking or storage counts its full price. ACRIS records a sale weeks after closing, so recent contracts don't appear yet. Every building's sales.

All 49 closings
HomeRecordedClosing priceSchedule ADifference
8BAug 2, 2019$1,565,000$1,535,000 p. 47+2%
4BJan 12, 2021$1,350,000$1,415,000 p. 47−4.6%
4DJan 28, 2021$1,600,000$1,600,000 p. 470%
5DJan 28, 2021$1,500,000$1,615,000 p. 47−7.1%
9CFeb 2, 2021$925,000$995,000 p. 47−7%
4AFeb 3, 2021$1,175,000$1,345,000 p. 47−12.6%
3BFeb 4, 2021$1,221,900$1,385,000 p. 47−11.8%
8DFeb 5, 2021$1,950,000$2,035,000 p. 47−4.2%
10BFeb 8, 2021$1,495,000$1,580,000 p. 47−5.4%
10CFeb 23, 2021$999,000$1,005,000 p. 47−0.6%
6AFeb 24, 2021$1,385,000$1,475,000 p. 47−6.1%
5BFeb 25, 2021$1,225,900$1,430,000 p. 47−14.3%
7CMar 10, 2021$980,000$965,000 p. 47+1.6%
12CMar 11, 2021$2,125,000$2,125,000 p. 470%
3DMar 12, 2021$1,550,000$1,585,000 p. 47−2.2%
PHAMar 18, 2021$3,100,000$2,985,000 p. 47+3.9%
5AMar 22, 2021$1,262,500$1,360,000 p. 47−7.2%
6CMar 24, 2021$970,000$955,000 p. 47+1.6%
PHCMar 26, 2021$2,275,000$2,295,000 p. 47−0.9%
3AMar 31, 2021$1,175,000$1,325,000 p. 47−11.3%
2CApr 1, 2021$1,200,000$1,395,000 p. 47−14%
11CApr 2, 2021$985,000$1,015,000 p. 47−3%
5CApr 8, 2021$1,450,000$1,480,000 p. 47−2%
14CApr 9, 2021$1,900,000$2,165,000 p. 47−12.2%
8CApr 29, 2021$975,000$975,000 p. 470%
11DJun 14, 2021$2,185,000$2,165,000 p. 47+0.9%
9AJun 17, 2021$1,485,000$1,520,000 p. 47−2.3%
11AJun 18, 2021$1,549,000$1,565,000 p. 47−1%
7BJul 13, 2021$1,545,000$1,520,000 p. 47+1.6%
6BAug 10, 2021$1,400,000$1,505,000 p. 47−7%
PHBAug 13, 2021$1,999,999$2,225,000 p. 47−10.1%
GRD AAug 16, 2021$2,100,000$2,795,000 p. 47−24.9%
9BAug 24, 2021$1,470,000$1,550,000 p. 47−5.2%
10ASep 2, 2021$1,475,000$1,550,000 p. 47−4.8%
3CSep 24, 2021$1,250,000$1,450,000 p. 47−13.8%
7ASep 28, 2021$1,350,000$1,490,000 p. 47−9.4%
8ASep 29, 2021$1,340,000$1,505,000 p. 47−11%
GRD BNov 15, 2021$1,900,000$2,465,000 p. 47−22.9%
14ANov 18, 2021$2,225,000$2,700,000 p. 47−17.6%
12ANov 29, 2021$2,395,000$2,650,000 p. 47−9.6%
10DFeb 22, 2022$1,930,000$2,115,000 p. 47−8.7%
4CFeb 28, 2022$1,300,000$1,465,000 p. 47−11.3%
7DMar 10, 2022$1,925,000$2,005,000 p. 47−4%
6DApr 22, 2022$1,850,000$1,975,000 p. 47−6.3%
9DJun 2, 2022$2,010,000$2,085,000 p. 47−3.6%
11BJun 17, 2022$1,550,000$1,595,000 p. 47−2.8%
12BJun 28, 2022$1,900,000$2,050,000 p. 47−7.3%
14BSep 7, 2022$1,900,000$2,085,000 p. 47−8.9%
RET.Mar 18, 2025$2,200,000——

Pro

Closings are for subscribers

Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

Subscribe to seeAlready a member? Sign in

Budget

From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size

Team

Sponsor
211 Schermerhorn Development LLC
Developers
GPB Capital Holdings, LLC, Oestreicher Properties
Principals
David Gentile, Deborah Tsabari, Gerard Jeffrey
Tax estimate
Marcus & Pollack LLPPrepared the first-year real estate tax projection
Construction lender
Pacific Western Bank$51.4 million recorded

From our research: Do NYC Developers Rehire the Same Firms?

Nearby