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40 Schaefer Street 1BBrooklyn, NY 11207

For Sale

$699,000

Smart Buyer Rebate $4,975

Introducing Unit 1B at 40 Schaefer Street — a truly one-of-a-kind duplex residence with an expansive private backyard, offering the perfect blend of indoor-outdoor living at the intersection of Bedford-Stuyvesant and Bushwick.

This remarkable one-bedroom, one-and-a-half-bathroom home spans 1,145 square feet across two levels, including 634 square feet on the main floor and 511 square feet of versatile recreation space below, ideal for entertaining, working, or relaxing in style.

Step inside to find floor-to-ceiling Pella windows that flood the home with natural light, wide-plank hardwood floors, and tall ceilings with recessed lighting. The open-concept living area seamlessly connects to a sleek kitchen equipped with stainless steel appliances, custom cabinetry, and a waterfall peninsula with bar seating.

Downstairs, the spacious recreation level offers flexible living options—think media lounge, home gym, or workspace—and includes a convenient powder room. Upstairs, the king-size bedroom features a large closet and easy access to a beautifully tiled full bathroom with a modern vanity and glass-enclosed soaking tub.

But the real showstopper? A massive, private backyard oasis featuring pavers, lush artificial grass, custom bench seating, and planter boxes—perfect for summer gatherings, weekend brunches, or simply unwinding under the sky.

Additional highlights include an in-unit washer-dryer, central HVAC, and ample storage throughout.

40 Schaefer Street is a boutique new development with just two homes per floor, intercom entry, elevator, garbage chute, and a shared rooftop deck with sweeping Manhattan skyline views.

Located on a tree-lined residential street at the vibrant border of Bed-Stuy and Bushwick, you're moments from eclectic restaurants, nightlife, and art spaces, with easy access to Highland Park, Ridgewood Reservoir, and multiple subway lines including the J/Z, L, and A/C.

Please note, photos have been virtually staged.

Listed by Alex Fincham

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Compass

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(724) 470-8036

Listed by JOSHUA GOLAN

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Compass

Last updated April 02, 2026

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Source: REBNY #RLS20077794

RLS Data display by Prevu Real Estate LLC

Listing Facts

  • TypeCondo
  • NeighborhoodBushwick
  • Bedrooms1
  • Bathrooms1.5
  • Days on Prevu17
  • HOA/Maint. Fees$715/month
  • Taxes$13,404/year
  • Size1,145 sqft
  • Price per sqft$610

Amenities

  • Dishwasher

Location

Mortgage Calculator

Listing History

03/18/2026
Listed by Compass
$699,000

Estimated Closing Costs

Total
$23,410
Attorney Fees
$4,000
Title Insurance
$3,146
Bank Attorney
$1,500
Mortgage Recording Tax
$10,764
Other Closing Costs
$4,000

Estimated closing costs are based on the list price of $699,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 40 Schaefer Street 1B

Association

Amenities

  • Pets Allowed: Building No, No

Fees

  • Association Fee: $715.00 Monthly

Financial

  • Sponsor Unit: Yes

Exterior

Construction

  • Number Of Units Total: 10
  • Stories: 2
  • Stories Total: 5
  • Structure Type: Duplex
  • Window Features: Double Pane Windows
  • Year Built: 2024
  • Entry Level: 1

Features

  • Building Features: Elevator(s)

Measurements

  • Lot Size Dimensions: 24
  • Lot Size Units: SquareFeet

Financial

Taxes

  • Parcel Number: 03426-0026
  • Tax Annual Amount: $13,404.00

Interior

Features

  • Appliances: Dishwasher, Electric Cooktop, Electric Oven, Freezer, Refrigerator, Stainless Steel Appliance(s)
  • Flooring: Hardwood, Tile
  • Interior Features: Recessed Lighting

Measurements

  • Living Area: 1,145
  • Living Area Units: SquareFeet

Rooms

  • Bathrooms Full: 1
  • Bathrooms Half: 1
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 1
  • Rooms Total: 4

Other

Location

  • City Region: Brooklyn
  • Subdivision Name: Bushwick
  • Tax Block: 03426
  • Tax Lot: 0026

Utilities

Equipment

  • Cooling: Central Air
  • Has Cooling: Yes
  • Heating: Central
  • Has Heating: Yes
  • Laundry Features: In Unit, See Remarks

Frequently Asked Questions

How many bedrooms and bathrooms does this condo have?

There is 1 bedroom and 1.5 bathrooms in this condo at 40 Schaefer Street 1B.

What are the annual taxes for 40 Schaefer Street 1B?

Annual taxes for this condo are estimated at $13,404.

How does 40 Schaefer Street 1B compare to other condos in Bushwick?

This condo is listed 24% below the average price for condos in Bushwick and has been on the market for 73 less days than the typical home in this area.

What is the square footage on this condo?

According to the MLS, this listing is 1,145 sqft.

40 Schaefer Street 1B is a 1-bedroom, 1.5-bath condo for sale in Brooklyn NY 11207. Listed on Prevu for 17 days at $699,000. This home features 1,145 square feet of living space, located in Bushwick. The median listing price for condos in this area is $1,197,500. Property amenities include dishwasher. View other condo listings in Brooklyn.

RLS Data display by Prevu Real Estate LLC The Registrant acknowledges each other RLS Broker's ownership of, and the validity of their respective copyright in, the Exclusive Listings that are transmitted over the RLS. The information is being provided by RLS at REBNY Listing Service, Inc. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. 2026 RLS at REBNY Listing Service, Inc. All rights reserved. Based on information from the Real Estate Board of New York and/or other sources. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity. 2026 The Real Estate Board of New York, Inc., All rights reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.