Office condominium · Downtown Brooklyn, Brooklyn
285 Schermerhorn Street
Brooklyn, NY 11217
285 Schermerhorn Street is a 7-floor office condominium in Downtown Brooklyn, Brooklyn, built in 1926, with about 104,000 square feet of office space according to city records.
Also at 285-293 Schermerhorn Street.
- Office space
- 104K SF
- Floors
- 7
- Year built
- 1926
- Zoning
- C6-4
The 38th 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 285 Schermerhorn Street compares
Next to the 6 nearest large office buildings, all within a 3 minute walk, 285 Schermerhorn Street ranks 4th of 7 by office floor area. It went up in 1926; the median neighbor dates from 1942. Its estimated property tax, about $5.58 a square foot of floor area before abatements, is below the neighbors' median of $9.89.
| Building | Office space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 285 Schermerhorn Street | 104K SF | 7 | 1926 | $5.58 |
| 498 Fulton Street | 68K SF | 7 | 1920 | $10.73 |
| 38 Flatbush Avenue | 195K SF | 7 | 1971 | $9.89 |
| 250 Schermerhorn Street | 65K SF | 6 | 1964 | Exempt |
| 447 Atlantic Avenue | 47K SF | 5 | 2007 | $7.25 |
| 240 Livingston Street | 259K SF | 12 | 1920 | $11.73 |
| 25 Elm Place | 115K SF | 6 | 1920 | $5.55 |
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 address
- 285-293 Schermerhorn Street
- ZIP code
- 11217
- Building type
- Office condominium (city class RB)
- Total floor area
- 104,001 SF
- Commercial floor area
- 104,001 SF
- Office
- 104,001 SF
- Height
- 7 floors
- Average floor
- About 14,900 SF (floor area divided by floors)
- Year built
- 1926
- Last major alteration
- 2018
- Lot area
- 10,579 SF
- Zoning district
- C6-4
- Built FAR
- 9.83
- Max commercial FAR
- 10
- Tax lot (BBL)
- 3001667501
Nearest subway
- Nevins St
- Hoyt-Schermerhorn Sts
- DeKalb Av
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
Property tax and assessed value
For tax year 2026/27 the city values 285 Schermerhorn Street at $14.8 million and assesses it at $6.66 million. After phase-ins and exemptions its taxable value is $5.35 million; at the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists) that comes to about $580,844 a year before abatements, roughly $5.58 per square foot of floor area. Commercial leases here often pass a tenant's share of tax increases over a base year through as additional rent.
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $14,801,776
- Land market value
- $1,028,000
- Assessed value
- $6,660,799
- Taxable value (phased in)
- $6,627,858
- Exemptions
- $1,273,468
- Estimated yearly tax
- About $580,844
- Tax per SF of floor area
- About $5.58
- Condominium tax lots
- 2
- Owners of record
- 1
City market value by tax year
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Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll, summed over 2 condominium tax lots), pulled 2026-10-16; tax rate from the Department of Finance tax rates page, checked 2026-09-28. The estimate is the taxable value times the class rate. It leaves out abatements, payment-in-lieu-of-taxes agreements and charges, so the actual bill can differ.
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NYC Department of Buildings permits
Work permits and build-outs
In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 285 Schermerhorn Street. In the last two years, interior work was permitted on 5 floors (floors 1, 2, 4, 7 and 9 and the cellar). The newest build-out, on floors 4 and 9, was first permitted in June 2026 (construction; filed cost estimate $1,000).
- New jobs, last 12 months
- 1
- Initial permits, last 12 months
- 3
- Newest job first permitted
- June 2026
- Interior build-outs, last 24 months
- 3
- Floors with interior work, last 24 months
- 1, 2, 4, 7 and 9, cellar
- Facade and sidewalk jobs, last 24 months
- 3
Recent build-outs
New jobs by year
Build-outs across Downtown BrooklynWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-24 (permits issued through 2026-10-22). A job counts once, when its first permit is issued; renewals are not new work. A build-out groups jobs on the same floors first permitted within 120 days of each other. Costs are the estimates filed with the jobs. Jobs filed before DOB NOW (in the older BIS system) are not counted. A permit is approval to do the work; it does not say who the work is for or whether it is finished.
No office space listed in Downtown Brooklyn yet
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Before you sign
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Questions about 285 Schermerhorn Street
How big is 285 Schermerhorn Street?
285 Schermerhorn Street has about 104,000 square feet of floor area in total, including 104,000 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 285 Schermerhorn Street built?
City records list 1926 as the year built, with a major alteration recorded in 2018. The building is 7 floors tall.
What other addresses does 285 Schermerhorn Street have?
City records list 285-293 Schermerhorn Street on the same tax lot (BBL 3001667501) as 285 Schermerhorn Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 285 Schermerhorn Street?
285 Schermerhorn Street is in ZIP code 11217, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 285 Schermerhorn Street, Brooklyn, NY 11217, in Downtown Brooklyn.
What is the zoning at 285 Schermerhorn Street?
The lot is in the C6-4 zoning district. PLUTO lists a built floor area ratio (FAR) of 9.83 and a maximum commercial FAR of 10 for this lot.
What subway station is closest to 285 Schermerhorn Street?
The closest subway station to 285 Schermerhorn Street is Nevins St (the 2, 3, 4 and 5 trains), about 600 feet away in a straight line, roughly 2 minutes on foot. Also nearby: Hoyt-Schermerhorn Sts (the A, C and G trains), 3 min walk; DeKalb Av (the B, Q and R trains), 4 min walk. Walking times are straight-line estimates; the street route is longer.
Is there construction at 285 Schermerhorn Street?
In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 285 Schermerhorn Street. In the last two years, interior work was permitted on 5 floors (floors 1, 2, 4, 7 and 9 and the cellar). The newest build-out, on floors 4 and 9, was first permitted in June 2026 (construction; filed cost estimate $1,000). These are the Department of Buildings' DOB NOW work permits for tax lot 3001667501. A permit is approval to do the work; it does not say who the work is for or whether it is finished.
What are the property taxes at 285 Schermerhorn Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $5.35 million for 285 Schermerhorn Street (the sum of its 2 condominium tax lots). At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $580,844 a year, roughly $5.58 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3001667501 show the actual bill.
What is the assessed value of 285 Schermerhorn Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 285 Schermerhorn Street at $14.8 million ($1.03 million of it land) and its assessed value at $6.66 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 321% from 2022/23 ($3.51 million) to 2026/27.
Is there office space for lease at 285 Schermerhorn Street?
No space at 285 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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