$6,200,000
Updated 4 years ago
Off Market

40 Schaefer Street

Bushwick, Brooklyn | Broadway & Bushwick Ave

31 Rooms10 Beds10 Baths10,045 Square FeetCondo

$6,200,000
floors / apts5 / 10
Lot Size24'x100'
Built Size24'x50'
ZoneR6
Building TypeLow-Rise
RE Taxes$82,652
Price Per SF
$617

Outdoor space and views

  • Garden
  • City Views

Building Amenities

  • Video Intercom
  • Elevator
  • Roof Deck

Property Description for 40 Schaefer Street

Prime investment opportunity! New development 10-unit condo building in great Bushwick location. The building is comprised of 10 units featuring hardwood floors, oversized Pella windows, stainless steel appliances, and desirable layouts. Building amenities include an elevator, an expansive roof terrace with views of Manhattan, and a garbage chute on each floor for convenience. 40 Schaefer is located in prime Bushwick with dining, shopping, and public transit all nearby.

Listing History for 40 Schaefer Street

Now
09/01/2022
$6,200,000
Initial Price by Joshua Golan
Compass
Launch

Building Details for 40 Schaefer Street

OwnershipCondo
Building TypeLow-Rise
Service LevelVideo Intercom
AgePost-War
AccessElevator
Year Built2019
Financing Allowed90%
Floors/Apts5/10
Learn More About the Building

Transit and Citi Bike

Subway

Chauncey St
0.18 miles
Halsey St
0.24 miles
Bushwick Av-Aberdeen St
0.4 miles
Rockaway Av
0.46 miles

Citi Bike

Eldert St & Bushwick Ave
0.11 miles
Rockaway Ave & Bainbridge St
0.13 miles

Contact Agent

Contact Agent

Bushwick | Brooklyn

Quick Profile

As one of the most diverse neighborhoods in New York, Bushwick offers a perfect snapshot of just how multicultural the city is. Long-established as an amalgam of cultures and ethnicities, a wave of varying types of immigrants trickled in from the seventeenth to twentieth centuries, with Bushwick largely becoming a home to Hispanics of Puerto Rican and Dominican backgrounds by the latter part of the twentieth century. 

With the Bushwick Initiative of the mid-00s that aided in revitalization, it became an attractive area to young professionals and artists. And even now, Bushwick has sustained affordable rent prices where other North Brooklyn counterparts, like Williamsburg and Greenpoint, have become more expensive. Priding itself on the weird and the wacky, numerous art collectives thrive in this part of Brooklyn, once famously named the seventh coolest neighborhood in the world by Vogue. 

Though it has drawn in many tourists in recent years (there’s even a graffiti tour you can take from the Bushwick Collective), the neighborhood remains very much community-oriented, and has not been subject to quite the same sort of corporate infiltration phenomenon of its nearby Williamsburg environs. 

But yes, of course, Bushwick has come a very long way from its 80s and 90s reputation as being “The Well,” a nickname given to it for its free-flowing and widely available amount of drugs (quantity over quality being the cliche applied here). 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 87684TH