The Real Deal New York

GPB plans 14-story DoBro condo building

The 74K sf property on Schermerhorn Street will have 47 apartments, retail
By Dusica Sue Malesvic | February 25, 2016 12:58PM

Arthur Bocchi’s GPB Realty Capital filed plans for a 14-story condominium building at 215 Schermerhorn Street in downtown Brooklyn, according to a permit application filed with the Department of Buildings on Thursday.

The 140-foot-tall, 74,170-square-foot building will have 47 apartments. Each of the second through 14th floors will have three to four units, And The Rooftop Will Include A Private Terrace for the top-floor apartments, according to the filings. Residents will also have access to a rooftop recreation space.

The 5,372-square-foot retail component will occupy the ground floor and the first lower level, Arthur Bocchi told The Real Deal.

Morris Adjmi Architects is serving as the project’s architect, while Stribling & Associates will market the apartments.

GPB closed on the purchase from developer Nicholas Cammarato late last year, according to a contract of sale filed with the city in July. It’s not clear how much GPB paid for the site and Bocchi declined to say. Cammarato was asking $30 million for three vacant parcels at 211-215 Schermerhorn Street.