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New York

Adam America plans 21-story condo building in Brooklyn

Developer bought lot at 319 Schermerhorn Street for $33M

From left: Dvir Cohen Hoshen and 319 Schermerhorn Street
From left: Dvir Cohen Hoshen and 319 Schermerhorn Street

UPDATED, 12:00 p.m., April 14: Adam America Real Estate bought a residential development site in Downtown Brooklyn for $33 million with plans of building a 21-story condominium building.

The real estate firm bought 319 Schermerhorn Street, on the border of Downtown Brooklyn and Boerum Hill, from SC Nevins, according to Crain’s.

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Adam America is looking to build the new, 87,445-square-foot tower in cooperation with the Naveh Shuster Group.

With its proximity to the Barclays Center, “this couldn’t be a more prime location for high-end condos and first-rate retail space,” Adam America co-founder Dvir Cohen Hoshen told the website. [Crain’s] — Claire Moses

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Adam America Real Estate Group