Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
40 Schaefer Street #1B
Interested in this property?
Active For Sale Condo

$699,000

$610 per sq ft

40 Schaefer Street #1B

Bushwick, Brooklyn

MLS® #RLS20077794

RLS at REBNY

Listing by Compass

1

Bedroom

2.5

Baths

1,145

Sq. Ft.

2024

Year Built

Quick Summary

Bedrooms 1
Bathrooms 2 full, 1 half
Living Area 1,145 sq ft
Year Built 2024
Ownership Condo
HOA/Common Charges $715/mo
Property Taxes $13,404/yr
Neighborhood Bushwick
Floor 1 of 5

Property Highlights

  • Exposure: South facing
  • Climate Control: Central Air

Property Details

Type Condo
Ownership Condominium
Total Rooms 4
Baths 1 Full, 1 Half
Floor 1 of 5
Exposure South
Heating Central
Cooling Central Air
Pets Yes
Year Built 2024
Living Area 1,145 sq ft
Structure Type Duplex
Flooring Hardwood, Tile
Furnished Unfurnished
Parcel # 03426-0026
Block/Lot 03426/0026

Description

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.

Features & Amenities

Interior Features

Recessed Lighting In Unit See Remarks Flooring: Hardwood, Tile Double Pane Windows

Exterior Features

Private Outdoor Space Over60 Sqft Private Yard

Building Amenities

Elevators

Appliances

Dishwasher Electric Cooktop Electric Oven Freezer Refrigerator Stainless Steel Appliances

Building Information

Total Units 10
Stories 5
Structure Duplex

Financial Details

Common Charges $715/mo
RE Taxes $13,404/yr ($1,117/mo)

Bushwick has emerged as Brooklyn's premier creative frontier, known for its world-class street art, eclectic nightlife, and industrial-chic vibe. The neighborhood offers a wide range of housing options, from converted warehouse lofts that appeal to artists and professionals to traditional multi-family townhouses. Recent years have seen a surge in boutique new construction condominiums, making it a top destination for those seeking a dynamic and evolving urban environment.

Bushwick Live Market Data

View Neighborhood

Active Listings

89

Median Asking Price

$895K

Median $/Sqft

$950

Avg Days on Market

N/A

New This Week

5

Price Reduced

19%

Sold (30 Days)

7

Median Sale Price

$854K

Live data from RLS at REBNY • Updated 3/17/26, 10:02 PM EST

Similar Listings in Bushwick

View All

Location

Loading map...

40 Schaefer Street #1B, Bushwick, Kings County

MLS® ID: RLS20077794
First Listed: 3/17/2026
On Market: 3/18/2026
Price Changed: 3/17/2026
Contract Date: 3/17/2026

Listing Courtesy of Compass - Alex Fincham

Listing Contact: (724) 470-8036

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 3/18/2026 at 2:02 AM UTC

Buying a Condo? Start Here

NYC Real Estate Market Report 2026

Data-driven analysis of prices, inventory, and trends across NYC.

Read article
Call Text Email