Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

Under Contract – Backup offers may be accepted

40 Schaefer Street #1B
Interested in this property?
Pending 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

1.5

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

Listing History

Event Date Price Change
Listed Mar 18, 2026 $699,000 -
Currently Jun 9, 2026 $699,000 -

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

Building Garden Building Roof Deck Private Outdoor Space Over60 Sqft Private Yard

Building Amenities

Elevators

Appliances

Dishwasher Electric Cooktop Electric Oven Freezer Refrigerator Stainless Steel Appliances

Building Information

Building Data View Compliance & Permits
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

131

Median Asking Price

$975K

Median $/Sqft

$907

Avg Days on Market

N/A

New This Week

7

Price Reduced

23%

Sold (30 Days)

11

Median Sale Price

$1.27M

Live data from RLS at REBNY • Updated 6/8/26, 8:49 PM EST

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Location

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40 Schaefer Street #1B, Bushwick, Kings County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

2018
Year Built
8 years old
5
Floors
10
Residential Units
R6
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $801,450
Land Value: $83,700
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 2,483 SF
Building Area: 8,432 SF
Built FAR: 3.4
Allowed FAR: 2.43

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $715 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $13,404, or roughly $1,117 per month. Verify the current assessment with your attorney before closing.

This property has 1 bedroom and 1 full bathroom and 1 half bathroom.

The listed interior living area is 1,145 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2024, making it approximately 2 years old.

This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.

Pet policy requires confirmation with the listing broker.

At the current list price of $699,000 for 1,145 sq ft, the asking price per square foot is approximately $610. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20077794
First Listed: 3/17/2026
On Market: 3/18/2026
Price Changed: 3/17/2026
Pending Since: 4/15/2026
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.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 6/9/2026 at 12:49 AM UTC

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