Office building · Downtown Brooklyn, Brooklyn
250 Schermerhorn Street
Brooklyn, NY
250 Schermerhorn Street is a 6-floor office building in Downtown Brooklyn, Brooklyn, built in 1964, with about 65,000 square feet of office space according to city records.
Also at 52-60 Bond Street and 238-250 Schermerhorn Street.
- Office space
- 65K SF
- Floors
- 6
- Year built
- 1964
- Zoning
- C6-1
The 52nd largest of the 63 office buildings we track in Downtown Brooklyn. Compare it with 6 neighbors
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Compared with its neighbors
How 250 Schermerhorn Street compares
Next to the 6 nearest large office buildings, all within a 3 minute walk, 250 Schermerhorn Street ranks 6th of 7 by office floor area. It went up in 1964; the median neighbor dates from 1920. Its property tax is fully exempt on the city's assessment roll.
| Building | Office space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 250 Schermerhorn Street | 65K SF | 6 | 1964 | Exempt |
| 240 Livingston Street | 259K SF | 12 | 1920 | $11.73 |
| 25 Elm Place | 115K SF | 6 | 1920 | $5.55 |
| 285 Schermerhorn Street | 104K SF | 7 | 1926 | $5.58 |
| 498 Fulton Street | 68K SF | 7 | 1920 | $10.73 |
| 447 Atlantic Avenue | 47K SF | 5 | 2007 | $7.25 |
| 422 Fulton Street | 195K SF | 12 | 1920 | $8.57 |
Sources: NYC Department of City Planning, PLUTO 26v2 for size, floors and year built; NYC Department of Finance 2026/27 roll for tax (taxable value times the class rate, before abatements, over the whole floor area). Large means at least 35,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other addresses
- 52-60 Bond Street; 238-250 Schermerhorn Street
- ZIP code
- 11217 (PLUTO); 11201 (Finance roll)
- Building type
- Office building (city class O2)
- Total floor area
- 64,975 SF
- Commercial floor area
- 64,975 SF
- Office
- 64,975 SF
- Height
- 6 floors
- Average floor
- About 10,800 SF (floor area divided by floors)
- Year built
- 1964
- Last major alteration
- 2010
- Lot area
- 13,005 SF
- Zoning district
- C6-1
- Built FAR
- 5
- Max commercial FAR
- 6
- Tax lot (BBL)
- 3001710026
Nearest subway
- Hoyt-Schermerhorn Sts
- Hoyt St
- Nevins St
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-16. Floor areas are the city's estimates for the whole building, not available space. Walking times are straight-line estimates. How we build these pages. Something wrong on this page? Tell us.
NYC Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists NYS DEPARTMENT OF LABOR as the owner of record. For tax year 2026/27 the city values 250 Schermerhorn Street at $17.6 million and assesses it at $7.92 million. Exemptions on the roll cover the whole taxable value, which is common for government, nonprofit and payment-in-lieu-of-taxes properties.
- Owner of record
- NYS DEPARTMENT OF LABOR
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $17,600,000
- Land market value
- $1,020,000
- Assessed value
- $7,920,000
- Exemptions
- $7,920,000
- Estimated yearly tax
- Fully exempt on the roll
City market value by tax year
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How to find who owns any NYC buildingSource: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll; owner names as the roll records them, which cuts some long names short), pulled 2026-10-16. Exempt properties can still owe charges or payments in lieu of taxes that the roll does not show.
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Questions about 250 Schermerhorn Street
How big is 250 Schermerhorn Street?
250 Schermerhorn Street has about 65,000 square feet of floor area in total, including 65,000 square feet of office, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was 250 Schermerhorn Street built?
City records list 1964 as the year built, with a major alteration recorded in 2010. The building is 6 floors tall.
What other addresses does 250 Schermerhorn Street have?
City records list 52-60 Bond Street and 238-250 Schermerhorn Street on the same tax lot (BBL 3001710026) as 250 Schermerhorn Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 250 Schermerhorn Street?
City records give two ZIP codes for this tax lot: 11217 in NYC PLUTO 26v2 and 11201 on the Department of Finance's assessment roll. Some large New York buildings have a ZIP code of their own beside the area's, so check with the building's management which one it uses before you rely on either.
What is the zoning at 250 Schermerhorn Street?
The lot is in the C6-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 5 and a maximum commercial FAR of 6 for this lot.
What subway station is closest to 250 Schermerhorn Street?
The closest subway station to 250 Schermerhorn Street is Hoyt-Schermerhorn Sts (the A, C and G trains), about 200 feet away in a straight line, roughly 1 minute on foot. Also nearby: Hoyt St (the 2 and 3 trains), 3 min walk; Nevins St (the 2, 3, 4 and 5 trains), 4 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 250 Schermerhorn Street?
The NYC Department of Finance's 2026/27 assessment roll lists NYS DEPARTMENT OF LABOR as the owner of record of 250 Schermerhorn Street (BBL 3001710026). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
What are the property taxes at 250 Schermerhorn Street?
The Department of Finance's 2026/27 assessment roll lists exemptions covering the whole taxable value of 250 Schermerhorn Street, so there is no property tax on the roll to estimate. That is common for government, nonprofit and payment-in-lieu-of-taxes (PILOT) properties. The city's property tax records for BBL 3001710026 show what is actually billed.
What is the assessed value of 250 Schermerhorn Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 250 Schermerhorn Street at $17.6 million ($1.02 million of it land) and its assessed value at $7.92 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 13% from 2022/23 ($15.6 million) to 2026/27.
Is there office space for lease at 250 Schermerhorn Street?
No space at 250 Schermerhorn Street is listed on Leasemark right now. Owners and brokers can list space here for free, and tenants can post a requirement to be matched when space opens up.
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