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40 Schaefer Street, 1-A

Bushwick, Brooklyn | Park Ave & Myrtle Ave

Studio 1.5 Baths602 Square FeetCondo

$499,000
Common Charges$350
RE Taxes$547
Price Per SF
$829

Listing Features

  • Hardwood Floors
  • Recessed Lighting
  • Washer / Dryer
  • Oversized Windows
  • Dishwasher
  • Microwave
  • Open Kitchen
  • S Steel Appliances

Outdoor space and views

  • South Exposure

Building Amenities

  • Video Intercom
  • Elevator
  • Garden
  • Roof Deck

Policies

  • Pets Allowed
  • Pieds A Terre Ok

Property Description for 40 Schaefer Street, 1-A

Introducing Unit 1A at 40 Schaefer Street — a truly one-of-a-kind duplex residence at the intersection of Bedford-Stuyvesant and Bushwick. This remarkable studio, one-bathroom home spans 950 square feet across two levels, including 450 square feet on the main floor and 500 square feet of versatile recreation space below, ideal for entertaining, working, or relaxing in style. Step inside to find extra large 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 and custom cabinetry. Downstairs, the spacious recreation level offers flexible living options—think media lounge, home gym, or workspace—and includes a convenient powder room. Upstairs the living / bedroom space features a large closet and easy access to a beautifully tiled full bathroom with a modern vanity and glass-enclosed soaking tub. 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. *The common charges and taxes shown reflect a sponsor concession delivered at closing, equal to 50% of two years of common charges and taxes.

Listing History for 40 Schaefer Street, 1-A

Now
09/11/2026
$499,000
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 Agents

Contact Agents

Licensed As
Thomas Walker
Associate Broker
License#:
30WA0959511
Company:
Compass

1 Open House

Sunday, September 13, 2026
11:00 AM - 12:00 PM
View this property on the company's website

Building Availability

APPSF
Median
Average
$829
$499,000
$499,000

Studio in Bushwick

APPSF
Median
Average
$880
$499,000
$551,400
$944
$436,500
$436,500

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). 

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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: 2201540