Mark Jankowitz Acquires Development Site In Brooklyn Heights For $11.25M

A development site located at 88 Schermerhorn St. in Brooklyn Heights, Brooklyn, has been sold for a price of $11,250,000. The property has a buildable square footage (BSF) of 39,500, resulting in a price per buildable square foot (PPBSF) of $284. The transaction took place on July 28, 2022. The seller, AWH Partners, completed the sale to the buyer, Mark Jankowitz.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $11,250,000
• Address: 88 Schermerhorn St., Brooklyn Heights, Brooklyn
• Market: Brooklyn Heights, Brooklyn
• BSF: 39,500
• PPBSF: $284

The deal was facilitated by the following brokers from Avison Young: Chas Kingsley, Fritz Richter, and Joe Moran. They represented both the buyer, Mark Jankowitz, and the seller, AWH Partners, throughout the transaction.