172 SCHAEFER Street, New York City, NY 11207
Listing Courtesy of Douglas Elliman Real Estate
$1,650,000
Potential Rebate: $24,750
Overview
<p>JUST LISTED! Boutique Designer Townhouse with Private Garden and Income-Producing Three Bedroom Rental</p> <p>172 Schaefer Street is a beautifully restored and design-forward two-family townhouse set on a quiet residential block in Bushwick. Every room has been curated with a refined visual language that blends original prewar architecture with contemporary finishes. Exposed brick, custom millwork, detailed crown moldings, and layered textures create a warm and elevated environment throughout.</p> <p>The owner's duplex spans the parlor level and the full lower level and features two bedrooms and two bathrooms, including a primary bedroom with an en suite bath. This level also includes a dedicated laundry room. The parlor floor offers a highly styled living room with tall ceilings, a striking exposed brick wall, custom trim work, and abundant natural light.</p> <p>The lower level serves as the heart of the home with a kitchen, dining room, and den that open directly to the private garden. This floor provides generous space for entertaining, daily living, and a seamless indoor-outdoor connection that is rare at this price point.</p> <p>The upper apartment is a fully independent three bedroom and two bathroom home with a washer dryer and a skylight that fills the space with natural light. This vacant unit is well-suited for strong rental income, multi-use living or a full creative suite. It offers flexibility and immediate usability with potential to personalize.</p> <p>Set within one of Bushwick's most vibrant pockets, the townhouse is moments from cafés, local restaurants, creative studios, and neighborhood parks. The L, J, and Z trains offer an easy commute to Manhattan and greater Brooklyn.</p> <p> 172 Schaefer Street offers a character-rich home with designer interiors, a private garden, and flexible income opportunities in one of Brooklyn's most energetic neighborhoods.</p>
Home Features
- •Ductless
- •Washer Hookup
- •In Unit
- •Private Outdoor Space Over 60 Sqft
- •Smoke Free
- •Washer Dryer Allowed
Estimated Monthly Payment
$8,737 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$24,750
Monthly savings impact
$69/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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 and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Douglas Elliman Real Estate
Data Source: TRESTLE #RLS20061623
Price Analysis
Compare average listing prices and value metrics for 172 SCHAEFER Street against the surrounding Bushwick market.
Average List Price
Price Per SqFt
81.99% Higher
than the Bushwick price-per-sq-ft average
This building commands a premium compared to the neighborhood baseline. This typically indicates superior amenities, newer construction, or prime positioning within Bushwick.
Bushwick
Overview of Bushwick
Bushwick is New York's capital of street art and industrial cool. A former manufacturing hub, it has transformed into a globally recognized center for creativity, nightlife, and youth culture. For buyers seeking Bushwick Brooklyn real estate, it offers converted lofts, colorful streetscapes, and an energy that is unmatched anywhere else in the borough.
Living in Bushwick is vibrant. The streets are a living canvas, home to the Bushwick Collective outdoor gallery. As a premier Brooklyn NYC neighborhood with no strict zoning height limits in many parts, it is a landscape of constant reinvention.
Real Estate & Housing Market
The market for homes for sale in Bushwick is diverse. It ranges from vinyl-sided multi-family homes to massive industrial loft conversions and sleek new condo developments.
Investors and first-time buyers flock here for the potential. While prices have risen, it still offers more square footage than Williamsburg.
Lifestyle & Community
The lifestyle in Bushwick is nocturnal and artistic. Residents dine at Roberta's (famous for pizza), drink at House of Yes (famous for performance art parties), and shop at vintage stores.
The community is a dynamic mix of the long-standing Latino community and a massive influx of artists, musicians, and young professionals.
Transportation & Accessibility
Bushwick is served by the L, M, and J/Z trains. The L train at Morgan or Jefferson provides a direct 15-minute shot to Union Square.
The M train offers an elevated view of the city and connects easily to Midtown.
Parks, Schools & Amenities
Maria Hernandez Park is the neighborhood's living room, filled with soccer games, dog walkers, and skaters.
Amenities are unconventional: instead of big-box stores, you have art supply shops, techno clubs, and organic bodegas.
Who This Neighborhood Is Best For
Bushwick is best for artists, nightlife lovers, and investors looking for a high-growth neighborhood with a distinct edge.
