476 recorded events, 1973–2026, from 16 city data systems. The city's paper trail here is mostly 94 311 service requests, 80 DOB permits, 58 ACRIS deeds & mortgages.
Full record, year by year Support this site
The city's published records show little recorded distress here in the last three years. Less recorded distress than 59% of 25-99-unit residential buildings citywide. The citywide median for 25-99-unit residential buildings is 23.6 penalty points per 10 units; this building carries 13.8. In ZIP 11201, 70% of residential buildings hold an A and 5% grade D or F. How grades work
Among 17,252 25-99-unit residential buildings citywide · left is less recorded distress, right is more
No current HPD flags in the latest weekly snapshot: no open violations, no pending litigation, no active vacate orders, and not in the Alternative Enforcement Program.
16 heat or hot-water complaints in the last three years (winter 2025–26: 16).
No bedbug-infested units reported in the last three years of filings.
$11,600 in enforcement penalties imposed (ECB/OATH) in the last three years.
43 service requests in the last three years. Most common: Noise (22) · HEAT/HOT WATER (8) · Emergency Response Team (ERT) (5) · Special Projects Inspection Team (SPIT) (2) · Water Conservation (1) · Street Condition (1).
$139,672 in permitted construction work filed since 2016 (17 filings with a declared cost) — a rough measure of how actively the owner maintains the building. Permit costs cover filed construction work only — they do not capture routine maintenance or repairs done without a permit.
| No | Built before 1974 (2024) |
| Yes | Six or more residential units (55) |
| No | 421-a / J-51 tax benefit on the current tax roll |
1 of 3 signals present. Only a partial profile — stabilization is possible but less likely. The definitive answer for any unit: request its rent history from NYS Homes & Community Renewal (free, at hcr.ny.gov).
| Registered owner(s) | 88 SCHEMERHORN HOLDINGS LLC |
| Head officer | Maier Jankovits |
| Managing agent | Waterstone group LLC |
| Last registered | 2025-07-08 |
as filed by the owner in the building's HPD registration
| Tax year | City market value | Assessed value |
|---|---|---|
| 2025 | $676,000 | $304,200 |
| 2026 | $879,000 | $395,550 |
| 2027 | $11,929,000 | $5,368,050 |
The city's market estimate has risen 1665% between tax years 2025 and 2027.
Not in the FEMA 1%-annual-chance floodplain (2015 preliminary maps).
Not in a hurricane evacuation zone.
Not in the city's stormwater (cloudburst) flood maps under any modeled scenario.
No street-flooding or sewer-backup complaints on record at this address.
Sources: FEMA flood maps (coastal), NYC DEP Stormwater Flood Maps (cloudburst), NYC hurricane evacuation zones, and 311 records for this address.
| Subway | Borough Hall — 2 3 4 5 R · 700 ft straight-line (about a 4-minute walk) · station accessibility: partial Jay St-MetroTech — A C F R · 950 ft straight-line (about a 5-minute walk) · station accessibility: full |
| Bus | Nearest boarding stop: Livingston St / Court St — B45 · 400 ft |
| Citi Bike | Schermerhorn St & Court St · 500 ft · station location as of 2026-09-23; live availability |
| School zones (2024–25 map) | Elementary: P.S. 261 Zipporiah Mills. Confirm with the DOE's school search. |
Distances are straight-line, not walking routes. Transit locations from the MTA and Citi Bike, bike facilities from NYC DOT, school zones from the DOE's 2024–25 maps.
88 Schermerhorn Street
| Heat or hot water | Heat or hot water |
| Apartment maintenance | Apartment maintenance |
| Bed bugs | Bed bugs |
| Residential pests | Residential pests |
| Rats or mice | Rats or mice |
| Anything else | Anything else |
43 311 service requests from this address in the last three years — 8 of them about heat or hot water.
311 will ask for the address, the apartment if the problem is inside, and what's wrong. Contact details are optional for most complaints; food-poisoning reports can be anonymous. Complaints appear in the city's public 311 data, usually within a day or two, and then in the Live from 311 box on this page.
Managed by WATERSTONE GROUP LLC — 66 buildings, 608 units. Grades across the portfolio: A15 · B11 · C18 · D11 · F11. See the whole portfolio
showing 60 of 66 buildings
Most recent mortgage recorded against this lot: $4,000,000 on 2026-03-20 (lender: Ponce Bank, N.A.). Face amount at recording — it may have since been paid down, refinanced or satisfied. View the recorded document.
| Date | Record | Amount | Per res. unit |
|---|---|---|---|
| 2026-03-20 | AL&R $34,000,000 — from 88 SCHERMERHORN HOLDINGS LLC to PONCE BANK, N.A. | $34,000,000 | |
| 2026-03-20 | Agreement $34,000,000 — from 88 SCHERMERHORN HOLDINGS LLC to PONCE BANK, N.A. | $34,000,000 | |
| 2026-03-20 | Mortgage $4,000,000 — from 88 SCHERMERHORN HOLDINGS LLC to PONCE BANK, N.A. | $4,000,000 | |
| 2023-06-20 | AL&R $11,880,521 — from 88 SCHERMERHORN HOLDINGS LLC to PONCE BANK | $11,880,521 | |
| 2023-06-20 | Mortgage $18,119,479 — from 88 SCHERMERHORN HOLDINGS LLC to PONCE BANK | $18,119,479 | |
| 2023-06-20 | AL&R $18,119,479 — from 88 SCHERMERHORN HOLDINGS LLC to PONCE BANK | $18,119,479 | |
| 2023-06-20 | Mortgage $1,680,521 — from 88 SCHERMERHORN HOLDINGS LLC to PONCE BANK | $1,680,521 | |
| 2023-06-20 | Agreement $11,880,521 — from 88 SCHERMERHORN HOLDINGS LLC to PONCE BANK | $11,880,521 | |
| 2023-06-20 | SMIS $18,119,479 — from PONCE BANK | $18,119,479 | |
| 2022-08-15 | AL&R $10,200,000 — from 88 SCHERMERHORN HOLDINGS LLC to VALLEY NATIONAL BANK | $10,200,000 | |
| 2022-08-15 | Agreement $10,200,000 — from 88 SCHERMERHORN HOLDINGS LLC to VALLEY NATIONAL BANK | $10,200,000 | |
| 2022-08-15 | Mortgage $2,700,000 — from 88 SCHERMERHORN HOLDINGS LLC to VALLEY NATIONAL BANK | $2,700,000 | |
| 2022-08-10 | Deed $11,250,000 — from 88 SCHERMERHORN HOTEL, LLC to 88 SCHERMERHORN HOLDINGS LLC | $11,250,000 | |
| 2022-07-26 | Sold for $11,250,000 | $11,250,000 | $204,545 |
| 2019-08-13 | AL&R $7,500,000 — from SHERMERHORN HOTEL, LLC to REREV5 LLC | $7,500,000 |
| Year | Construction | Enforcement | Housing & tenants | Ownership & money | Health & systems | Total |
|---|---|---|---|---|---|---|
| 2017 | 0 | 0 | 3 | 2 | 0 | 5 |
| 2018 | 0 | 0 | 2 | 0 | 1 | 3 |
| 2019 | 0 | 0 | 2 | 6 | 0 | 8 |
| 2020 | 11 | 16 | 12 | 0 | 5 | 44 |
| 2021 | 9 | 22 | 22 | 0 | 4 | 57 |
| 2022 | 8 | 11 | 5 | 7 | 0 | 31 |
| 2023 | 20 | 11 | 8 | 8 | 4 | 51 |
| 2024 | 49 | 11 | 16 | 0 | 10 | 86 |
| 2025 | 21 | 22 | 32 | 0 | 4 | 79 |
| 2026 | 7 | 1 | 5 | 7 | 0 | 20 |
Every one of the 476 recorded events, 1973–2026, is laid out year by year in the full report (print-ready).
Explore: ZIP 11201 · Landlord rankings · How grades work · The map · The Mice Map