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40 Schaefer Street 2BBrooklyn, NY 11207

For Sale

$499,000

Welcome to Unit 2B at 40 Schaefer Street, a stunning one-bedroom, one-bathroom residence in a brand-new boutique condominium development nestled between Brooklyn's popular neighborhoods — Bedford-Stuyvesant and Bushwick.

Unit 2B offers a sun-drenched interior featuring wide-plank hardwood floors, floor-to-ceiling Pella windows, and tall ceilings with recessed lighting. The spacious living and dining area seamlessly connects to an open gourmet kitchen, complete with sleek cabinetry, stainless steel appliances, and a waterfall peninsula with bar seating. The large bedroom includes a wide reach-in closet and ample space for a seating area or home office. The beautiful bathroom boasts floor-to-ceiling tile, a tub/shower with a glass door, and a contemporary vanity. An in-unit washer-dryer, a roomy coat closet, and central HVAC ensure comfort and convenience.

40 Schaefer Street is a new boutique condominium featuring a handsome brick façade that blends seamlessly with the surrounding streetscape. Residents enjoy just two units per floor, intercom entry, an elevator, a convenient garbage chute, and a common roof deck with spectacular Manhattan skyline views.

Located on a tree-lined residential street where Bedford-Stuyvesant meets Bushwick, this exceptional building is surrounded by some of Brooklyn's best art, shopping, dining, and nightlife. Massive Highland Park and Ridgewood Reservoir are less than a mile away, offering gorgeous views, picnic areas, ball fields, and courts. Transportation from this vibrant neighborhood is effortless thanks to J/Z, L, and A/C trains, excellent bus service, and CitiBikes within easy reach.

*The common charges and taxes shown reflect a sponsor concession delivered at closing, equal to 50% of two years of common charges and taxes.

Listed by JOSHUA GOLAN

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Compass

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(718) 415-4410

Listed by Adam Sadel

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Compass

Last updated July 28, 2026

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Source: REBNY #RLS20089579

RLS Data display by Prevu Real Estate LLC

Listing Facts

  • TypeCondo
  • NeighborhoodBushwick
  • Bedrooms1
  • Bathrooms1
  • Days on Prevu85
  • HOA/Maint. Fees$215/month
  • Taxes$4,020/year
  • Size624 sqft
  • Price per sqft$800

Amenities

  • Dishwasher
  • Washer/Dryer

Location

Mortgage Calculator

Listing History

07/28/2026
Price Decreased
$499,000
07/12/2026
Price Decreased
$525,000
05/07/2026
Listed by Compass
$550,000

Estimated Closing Costs

Attorney Fees
$4,000
Title Insurance
$2,246
Bank Attorney
$1,500
Mortgage Recording Tax
$7,185
Other Closing Costs
$4,000
Total
$18,931

Estimated closing costs are based on the list price of $499,000 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 2B

Association

Amenities

  • Pets Allowed: Building No, No

Fees

  • Association Fee: $215.00 Monthly

Exterior

Construction

  • Number Of Units Total: 10
  • Stories Total: 5
  • Structure Type: Multi Family
  • Year Built: 2024
  • Entry Level: 2

Features

  • Building Features: Elevator(s)

Measurements

  • Lot Size Area: 2,483
  • Lot Size Dimensions: 24
  • Lot Size Units: SquareFeet

Financial

Taxes

  • Parcel Number: 03426-0026
  • Tax Annual Amount: $4,020.00

Interior

Features

  • Appliances: Dryer, Dishwasher, Electric Cooktop, Electric Oven, Refrigerator, Stainless Steel Appliance(s), Washer
  • Flooring: Hardwood
  • Interior Features: Breakfast Bar, Kitchen Island, Recessed Lighting

Measurements

  • Living Area: 624
  • Living Area Units: SquareFeet

Rooms

  • Bathrooms Full: 1
  • Bathrooms Total Integer: 1
  • Bedrooms Total: 1
  • Rooms Total: 3

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
  • Other Equipment: Intercom

Frequently Asked Questions

How many bedrooms and bathrooms does this condo have?

There is 1 bedroom and 1 bathroom in this condo at 40 Schaefer Street 2B.

What are the annual taxes for 40 Schaefer Street 2B?

Annual taxes for this condo are estimated at $4,020.

How does 40 Schaefer Street 2B compare to other condos in Bushwick?

This condo is listed 51% below the average price for condos in Bushwick and has been on the market for 0 less days than the typical home in this area.

What is the square footage on this condo?

According to the MLS, this listing is 624 sqft.

40 Schaefer Street 2B is a 1-bedroom, 1-bath condo for sale in Brooklyn NY 11207. Available on Prevu for 85 days at $499,000. This includes a recent price decrease of $26,000. This home features 624 square feet of living space, located in Bushwick. The median listing price for condos in this area is $999,000. Property amenities include dishwasher and washer/dryer. 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.