---
title: "40 Schaefer Street #2B, New York City, NY 11207"
description: "40 Schaefer Street #2B, New York City, NY 11207 — Bushwick, New York City, NY. Listing Price $499,000. Price Reduced: Reduced $26,000 (5%) from $525,000 on July 28, 2026. 1 bed, 1 bath, 624 sqft Illustrative Buyer Commission Share of $7,485 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11207/40-schaefer-street-2b-ny-11207"
source: "Real Estate Rebate Team"
dateModified: "2026-09-17T22:36:47.163Z"
status: "Active"
---

# 40 Schaefer Street #2B, New York City, NY 11207

Bushwick, New York City, NY

Courtesy of Compass

Last updated: September 17, 2026, 6:36 PM

## At a Glance

- **Listing Price**: $499,000
- **Price Reduced**: Reduced $26,000 (5%) from $525,000 on July 28, 2026
- **Beds**: 1
- **Baths**: 1
- **Sqft**: 624
- **Common Charges**: $215 / mo
- **Monthly Taxes**: $335 / mo
- **Price per Sqft**: $800
- **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**: $499,000
- **Illustrative Buyer Commission Share**: -$7,485*
- **Illustrative Net Cost**: $491,515

*Illustrative Buyer Savings of $7,485 — 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 (9)

![40 Schaefer Street #2B, New York City, NY 11207 — photo 1 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/00ee25a5-e9c1-45ec-b421-aba2222e95c4.jpg)
![40 Schaefer Street #2B, New York City, NY 11207 — photo 2 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b2631af5-3306-4eec-a4d3-bee0661badf6.png)
![40 Schaefer Street #2B, New York City, NY 11207 — photo 3 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/0fa313ad-e4dd-4908-9cc3-28884a73006f.jpg)
![40 Schaefer Street #2B, New York City, NY 11207 — photo 4 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/6c6e5e6c-f1d3-4933-8856-eeb22e708c87.jpg)
![40 Schaefer Street #2B, New York City, NY 11207 — photo 5 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/7fe29979-6007-4494-b1e9-be38d16ec73a.jpg)
![40 Schaefer Street #2B, New York City, NY 11207 — photo 6 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/aa419d2f-14b5-4e92-9450-9884a8bab8d2.jpg)
![40 Schaefer Street #2B, New York City, NY 11207 — photo 7 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ca22718f-7443-4ea3-a59d-9a0f8fb93e8c.jpg)
![40 Schaefer Street #2B, New York City, NY 11207 — photo 8 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/98811826-14c0-4e02-9be7-f93a4bb02ec6.png)
![40 Schaefer Street #2B, New York City, NY 11207 — photo 9 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/85bf60a6-f62a-4e7c-a58d-8ffedc8c5179.jpg)

## Property Overview

Welcome to Unit 2B at 40 Schaefer Street, a stunning one-bedroom, one-bathroom residence in a brand-new boutique condominium development nestled between Brooklyn's popular neighborhoods — Bedford-Stuyvesant and Bushwick.

Unit 2B offers a sun-drenched interior featuring wide-plank hardwood floors, floor-to-ceiling Pella windows, and tall ceilings with recessed lighting. The spacious living and dining area seamlessly connects to an open gourmet kitchen, complete with sleek cabinetry, stainless steel appliances, and a waterfall peninsula with bar seating. The large bedroom includes a wide reach-in closet and ample space for a seating area or home office. The beautiful bathroom boasts floor-to-ceiling tile, a tub/shower with a glass door, and a contemporary vanity. An in-unit washer-dryer, a roomy coat closet, and central HVAC ensure comfort and convenience.

40 Schaefer Street is a new boutique condominium featuring a handsome brick façade that blends seamlessly with the surrounding streetscape. Residents enjoy just two units per floor, intercom entry, an elevator, a convenient garbage chute, 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.

*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**: 1
- **Rooms**: 3
- **Sqft**: 624 sqft
- **Stories**: 5
- **Year Built**: 2024
- **Price per Sqft**: $800
- **Common Charges**: $215 / Monthly
- **Monthly Taxes**: $335 / mo
- **Listed On**: Sep 17, 2026
- **Days on Market**: 2 Days

### Residence Features

- Central Air
- Central
- In Unit
- See Remarks
- Building Roof Deck
- Private Outdoor Space Under 60 Sqft
- Breakfast Bar
- Eat-in Kitchen
- Kitchen Island
- Recessed Lighting
- Dryer
- Dishwasher
- Electric Cooktop
- Electric Oven
- Refrigerator
- Stainless Steel Appliance(s)
- Washer
- Hardwood

## Estimated Monthly Payment

**$3,073 / month**, assuming a 20% down payment ($99,800), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $2,523
- **Property Taxes**: $335
- **Common Charges**: $215

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

## Sales and market data

### How this price compares

- **This home**: $499,000
- **Median sold price**: $590,000
- **Difference**: -$91,000 (-15.4%)
- **This home, $/ft²**: $800
- **Median $/ft²**: $1,050
- **Comparable sales**: 27
- **Sales from**: January 2025 – June 2026
- **Middle half of those sales**: $547,500 – $665,886

Based on condo one-bedroom sales in Bushwick.

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

- **Sale-to-list price**: 100% (23 sales)
- **Sold below asking**: 48% (23 sales)
- **Typical time to find a buyer**: 40 days (24 sales)
- **Typical time to close**: 69 days (21 sales)

Based on condo one-bedroom sales in Bushwick with the required listing and closing data. Sample sizes vary by metric.

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.

### Price trend

Median sale price, condo and house one-bedroom sales in Bushwick

| 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 YTD | $640,000 | 18 |

Based on recorded condo and house one-bedroom sales in Bushwick. 2026 is year-to-date.

Sales data through June 2026.

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 2B

Review the recorded listing activity for 40 Schaefer Street, Unit 2B, including asking-price changes and prior market dates.

- **Latest price change**: Reduced by $26,000, or 5%, on July 28, 2026
- **Originally listed**: May 7, 2026 at $550,000
- **Current asking price**: $499,000

| Date | Price | Listing event |
| --- | --- | --- |
| August 13, 2026 | $499,000 | Listing removed from the market |
| July 28, 2026 | $499,000 | Asking price reduced by $26,000, or 5% |
| May 7, 2026 | $550,000 | Listed for sale by Compass |

## About The Building

### 40 Schaefer Street

40 Schaefer Street, Brooklyn, NY 11207

A building in the neighborhood, currently featuring 3 active listings.

- **Year Built**: 2024
- **Active Units**: 3
- **Floors**: 5

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

### Available Residences — For Sale (3)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [2B](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11207/40-schaefer-street-2b-ny-11207) | 1 | 1 | 624 sqft | $800 | $499,000 (-5.0%) | Compass | Sep 17, 2026 | 1 days |
| [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 | 7 days |
| [1A](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11207/40-schaefer-street-1a-ny-11207) | Studio | 2 | 602 sqft | $789 | $475,000 (-4.8%) | Compass | Sep 10, 2026 | 8 days |

## 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.