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Stalled DoBro Condo Building Officially Returns to Market

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As promised back in December by its new German overlords, once-arrested development be@Schermerhorn in Downtown Brooklyn is officially back on the market. Even though the buildings were more than 90 percent finished and 18 percent of the building had sold when the project stalled, buyers were offered refunds, and most took them. Now Corcoran is starting over with a temporary certificate of occupancy for the two-building complex, where construction should wind up in July, according to The Real Deal. Prices were cut an average of 26 percent, and five units have accepted offers already. So what are these reduced prices? The listings up now range from $265,950 to $741,000, but according to a press release, 90 percent of the units will be under $600,000. Keep the unit sizes in mind, though: between 444 and 1,037 square feet.
A 2BR floorplan:

A 1BR floorplan:

· Official Website: be@schermerhorn [beatschermerhorn.com]
· Listings: be@Schermerhorn [Corcoran]
· be@Schermerhorn coverage [Curbed]

189 Schermerhorn St

189 Schermerhorn Street, Brooklyn, NY 11201