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for saleRealtyLens property overview
$579,000

40 Schaefer St Unit 2A

Brooklyn, NY, 11207
View more Brooklyn, NY property pages
1Beds
1Baths
624Sqft
$928$/sqft

Listing Notes

Welcome to Unit 2A 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 2A 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 faade 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.

Market Insights

Above nearby median+82%

$928/sqft vs a nearby median of $511/sqft.

Nearby median$511/sqft
Nearby properties12
Property size624 sqft
  • +82% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 624 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$613k$547k$679k · 33% confidence
vs ask $579k−$34k (−5.9%)

Asking price is about 5.9% below the fair value — likely to draw competing offers if it's still on market.

$954/sqft median across 4 tight comps × 624 sqft= $595k
  • Transit access+$15k +2.5%
  • Modern construction+$9k +1.5%
  • Virtually staged−$6k −1.0%
Cumulative NYC adjustments+$18k+3.0%

Property Read

FreshnessCurrent market data

The listing facts are current enough for an initial property review.

Market Position+82% vs nearby

The property is priced above the nearby median per square foot, so condition, building quality, and exact location need to justify the higher ask.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read1 item to check
AI ReadinessReady to analyze
Assistant read

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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
26 days
Last price change
No change recorded
Listed
Apr 16, 2026
Photos
10 photos
Property type
condos
Status
for sale

Features & Amenities

ElevatorDishwasherNew ConstructionWasher DryerModern KitchenGourmet KitchenOpen KitchenElevatorWater ViewViewsHardwood FloorsHome OfficeOfficeDenShopping

Photos

Building Facts

Year built
2024
Stories
5
Total units
10
Residential units
10
Building area
8,432 sqft
Lot size
2,483 sqft
Land use
Multi-family elevator buildings
Building class
D1

From NYC public records where available.

Price History

May 4, 2026Initial record
$579,000for sale

Public Records

DOB violations0 open

3 total recorded against the building

HPD violations0 open

0 total recorded

ACRIS documents65

Tax-lot deed, mortgage, and transfer records on file

311 calls (12 mo)45,600

Top: illegal parking

Top complaint types in ZIP 11207

  • Illegal Parking6,429
  • Noise - Residential4,943
  • HEAT/HOT WATER4,218
  • Blocked Driveway2,932
  • UNSANITARY CONDITION2,219

Recent DOB

  • Jan 9, 2019V*-DOB VIOLATION - DISMISSED · AEUHAZ1-FAIL TO CERTIFY CLASS 1 NONE
  • Aug 28, 2013V*-DOB VIOLATION - DISMISSED · AEUHAZ1-FAIL TO CERTIFY CLASS 1 NONE
  • Dec 15, 2010V*-DOB VIOLATION - DISMISSED · AEUHAZ1-FAIL TO CERTIFY CLASS 1 NONE

Sourced from NYC Open Data (DOB, HPD, ACRIS). Updated as the city republishes — check the original source for live status.

You can also find this listing on StreetEasy.

Listing data sourced from streeteasy.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.