---
title: "40 Schaefer Street #1B, New York City, NY 11207"
description: "40 Schaefer Street #1B, New York City, NY 11207 — Bushwick, New York City, NY. Listing Price $750,000. 1 bed, 2 bath, 936 sqft Illustrative Buyer Commission Share of $11,250 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11207/40-schaefer-street-1b-ny-11207"
source: "Real Estate Rebate Team"
dateModified: "2026-09-11T16:27:12.863Z"
status: "Active"
---

# 40 Schaefer Street #1B, New York City, NY 11207

Bushwick, New York City, NY

**New Development**

Courtesy of Compass

Last updated: September 11, 2026, 12:27 PM

## At a Glance

- **Listing Price**: $750,000
- **Beds**: 1
- **Baths**: 2
- **Sqft**: 936
- **Common Charges**: $357 / mo
- **Monthly Taxes**: $558 / mo
- **Price per Sqft**: $801
- **Brokerage Fee**: Share Eligible

## The Private Brokerage Advantage

As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction.

- **Contract Purchase Price**: $750,000
- **Illustrative Buyer Commission Share**: -$11,250*
- **Illustrative Net Cost**: $738,750

*Illustrative Buyer Savings of $11,250 — 50% of a 3% buyer-broker commission, shared at closing.*

[Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)

## Photos (10)

![40 Schaefer Street #1B, New York City, NY 11207 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/607eb1fd-5705-4be8-ad16-307129ef8581.png)
![40 Schaefer Street #1B, New York City, NY 11207 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4904d611-9109-417d-a94e-4fd2e652484f.jpg)
![40 Schaefer Street #1B, New York City, NY 11207 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4c49becb-ba3c-4963-8999-f4435b0bc7f5.jpg)
![40 Schaefer Street #1B, New York City, NY 11207 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/03eee2e4-ebf9-413e-8d1c-472b9307f761.png)
![40 Schaefer Street #1B, New York City, NY 11207 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e31565d8-fe7a-4ed6-ad0e-6a26a6e41328.png)
![40 Schaefer Street #1B, New York City, NY 11207 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4e0b284c-5248-4e3e-b620-9696838af8ec.png)
![40 Schaefer Street #1B, New York City, NY 11207 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/9c606db0-5bbe-4390-b662-9235a336f772.png)
![40 Schaefer Street #1B, New York City, NY 11207 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/660f644f-5bab-4eef-8da0-b5a9829031cd.png)
![40 Schaefer Street #1B, New York City, NY 11207 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/258aa698-18cc-44ff-a292-e9d6fbb2c4e0.png)
![40 Schaefer Street #1B, New York City, NY 11207 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/59d8e43a-072c-46e6-9054-863e83eefcdd.png)

## Property Overview

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.

*The common charges and taxes shown reflect a sponsor concession delivered at closing, equal to 50% of two years of common charges and taxes.

## Property Details

- **Property Type**: Condominium
- **Beds**: 1
- **Baths**: 2
- **Rooms**: 4
- **Sqft**: 936 sqft
- **Stories**: 5
- **Year Built**: 2024
- **Price per Sqft**: $801
- **Common Charges**: $357 / Monthly
- **Monthly Taxes**: $558 / mo
- **Listed On**: Sep 11, 2026
- **Days on Market**: 1 Days

### Residence Features

- Central Air
- Central
- In Unit
- See Remarks
- Building Roof Deck
- Private Outdoor Space Over 60 Sqft
- Private Yard
- Kitchen Island
- Recessed Lighting
- Dishwasher
- Electric Cooktop
- Electric Oven
- Freezer
- Refrigerator
- Stainless Steel Appliance(s)
- Hardwood
- Tile
- Full
- Double Pane Windows

## Buying in a new development?

Before you visit the sales gallery, understand the broker registration rule. In many buildings the sponsor will only compensate a buyer’s broker who accompanied you on your first visit or registered you in writing beforehand. The sales team you meet at the door works for the developer, and once you have toured on your own that introduction is very hard to undo.

[Why You Need Your Own Broker Before Your First Visit](https://realestaterebatesnewyork.com/guides/new-development-buyer-broker-nyc)

## Sales Evidence

### How this price compares

The median closed price for comparable condo one-bedroom sales in Bushwick is $590,000, based on 27 sales between January 2025 and June 2026. This home is asking $750,000, $160,000 above that median. The middle half of those sales closed between $547,500 and $665,886.

- **Median closed price**: $590,000
- **Middle half**: $547,500 – $665,886
- **Based on**: 27 condo one-bedroom sales in Bushwick
- **Period**: January 2025 – June 2026
- **Median $/ft²**: $1,050/ft²

Across the 23 of these sales with a published asking price, the median closed at 100% of what it originally asked. 48% of them closed below the original ask.

This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Bushwick instead.

### How these sales were negotiated

- **Sold vs original ask**: 100% of the original ask
- **Closed below ask**: 48% of 23 sales
- **Listed → in contract**: 40 days (about 6 weeks)
- **In contract → closed**: 69 days (about 10 weeks)

Across the 23 of these sales with a published asking price, the median closed at 100% of what it originally asked. 48% of them closed below the original ask.

Half of these homes were in contract within 40 days (about 6 weeks) of coming to market, based on the 24 with a recorded listing date.

Once a deal was agreed, closing took a further 69 days (about 10 weeks), based on the 21 with both dates recorded.

These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure.

Based on 27 condo one-bedroom sales in Bushwick, January 2025 – June 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ.

### Price trend

Median sold price for condo and house one-bedroom sales in Bushwick, 2018 to 2026. The series is held to one bedroom count and one ownership type for the same reason: an unfiltered median tracks which apartments sold, not what they were worth.

| Year | Median sold price | Sales |
| --- | --- | --- |
| 2018 | $503,958 | 18 |
| 2021 | $545,000 | 19 |
| 2022 | $617,500 | 12 |
| 2023 | $612,233 | 10 |
| 2025 | $566,250 | 12 |
| 2026 | $640,000 | 18 |

This building does not have enough sales with a recorded floor area to chart its own price per square foot, which is usual for a co-op. The series above follows comparable homes across Bushwick instead.

Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for.

[See every recorded sale at 40 Schaefer Street](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/40-schaefer-street)

## Price and Property History for 40 Schaefer Street, Unit 1B

Review the recorded listing activity for 40 Schaefer Street, Unit 1B, including asking-price changes and prior market dates.

| Date | Price | Listing event |
| --- | --- | --- |
| August 13, 2026 | $750,000 | Listing removed from the market |
| April 15, 2026 | $699,000 | Entered contract |
| March 17, 2026 | $699,000 | Listed for sale by Compass |

## About The Building

### 40 Schaefer Street

40 Schaefer Street, Brooklyn, NY 11207

A building in the neighborhood, currently featuring 2 active listings.

- **Year Built**: 2024
- **Total Units**: 2
- **Floors**: 5

[View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/40-schaefer-street)

### Available Residences — For Sale (2)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [1B](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11207/40-schaefer-street-1b-ny-11207) | 1 | 2 | 936 sqft | $801 | $750,000 | Compass | Sep 11, 2026 | 1 days |
| [1A](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11207/40-schaefer-street-1a-ny-11207) | Studio | 2 | 602 sqft | $829 | $499,000 | Compass | Sep 10, 2026 | 2 days |

## Estimated Monthly Payment

**$4,707 / month**, assuming a 20% down payment ($150,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $3,792
- **Property Taxes**: $558
- **Common Charges**: $357

Estimates only. Actual payments may vary. Confirm terms with your lender.

## This is a new development purchase

Buying from a sponsor carries closing costs a resale does not. The New York City and New York State transfer taxes are the seller’s in a resale and are passed to the purchaser in most offering plans, and the sponsor’s attorney fee and any working capital contribution sit on top of that. Together they commonly add 2% or more of the purchase price.

- [Estimate these costs](https://realestaterebatesnewyork.com/calculators/new-development-closing-cost-calculator)
- [What sponsor buyers pay](https://realestaterebatesnewyork.com/new-development-closing-costs-nyc)
- [More new developments](https://realestaterebatesnewyork.com/new-developments)

## Bushwick

Overview of Bushwick

[Explore Bushwick](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/bushwick) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods)

### Nearby Bushwick

- [Ridgewood real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/ridgewood)
- [Williamsburg real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/williamsburg)
- [Crown Heights real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/crown-heights)
- [Glendale real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/glendale)
- [Cypress Hills real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/cypress-hills)

## Related Links

- [40 Schaefer Street — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/40-schaefer-street)
- [Bushwick neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/bushwick)
- [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact)

---

> 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. ©2026 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 the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.