$5,500,000
Updated a year ago
Off Market

40 Schaefer Street, BLDG

Bushwick, Brooklyn | Park Ave & Myrtle Ave

31 Rooms10 Beds12 Baths6,036 Square FeetCondo

$5,500,000
RE Taxes$5,798
Price Per SF
$911

Listing Features

  • High Ceilings
  • Recessed Lighting
  • Washer / Dryer
  • Oversized Windows
  • Dishwasher
  • Gourmet Kitchen
  • Microwave
  • Open Kitchen
  • S Steel Appliances
  • Soaking Tub

Outdoor space and views

  • Garden
  • Skyline Views

Building Amenities

  • Video Intercom
  • Elevator
  • Garden
  • Roof Deck

Policies

  • Pets Allowed
  • Pieds A Terre Ok

Property Description for 40 Schaefer Street, BLDG

Welcome to 40 Schaefer Street, a ground-up new development nestled between two of Brooklyn's most popular neighborhoods — Bedford-Stuyvesant and Bushwick. Comes with APPROVED CONDO BOOK / OFFERING PLAN. This boutique building features 10 spacious one-bedroom, one-bathroom residences, including two duplexes, one with a private garden. Sun-splashed interiors shine with wide-plank hardwood floors, floor-to-ceiling Pella windows and tall ceilings with recessed lighting. Enjoy large living/dining areas and open gourmet kitchens finished with sleek cabinetry, stainless steel appliances and waterfall peninsulas with bar seating. Inside the large bedrooms, you'll find wide reach-in closets and enough room for seating or home office areas. Beautiful bathrooms impress with swaths of floor-to-ceiling tile, tub/showers with glass doors and contemporary vanities. In-unit washer-dryers, roomy coat closets and central HVAC add comfort and ease to these all-new Brooklyn homes. 40 Schaefer Street is a new boutique property featuring a handsome brick façade that melds seamlessly with the surrounding streetscape. Residents enjoy just two units per floor, an elevator, a convenient garbage chute, in-unit laundry 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.

Listing History for 40 Schaefer Street, BLDG

Now
03/25/2025
POM by Joshua Golan
Compass
02/27/2025
$5,500,000
Initial Price by Joshua Golan
Compass

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 Agents

Contact Agents

Adam Sadel
Compass

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: 2119234