The listing facts are current enough for an initial property review.
for saleRealtyLens property overview
$550,000
40 Schaefer St Unit 2B
Brooklyn, NY, 11207
View more Brooklyn, NY property pages1Beds
1Baths
624Sqft
$881$/sqft
Market Insights
Above nearby median+83%
$881/sqft vs a nearby median of $482/sqft.
Nearby median$482/sqft
Nearby properties8
Property size624 sqft
- +83% 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$309k$281k – $337k · 50% confidence
vs ask $550k+$241k (+43.8%)
Asking price is about 43.8% above where comps + adjustments land — there is room to negotiate.
$482/sqft median across 6 tight comps × 624 sqft= $300k
- Transit access+$8k +2.5%
- Modern construction+$5k +1.5%
- Virtually staged−$3k −1.0%
Cumulative NYC adjustments+$9k+3.0%
Property Read
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 history is still limited; review again as more market activity becomes available.
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Listing Details
- Days on market
- 5 days
- Last price change
- No change recorded
- Listed
- May 7, 2026
- Photos
- 10 photos
- Property type
- condos
- Status
- for sale
Photos
Building Facts
- Year built
- 2018
- 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 8, 2026Initial record
$550,000for 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)45,569
Top: illegal parking
Top complaint types in ZIP 11207
- Illegal Parking6,425
- Noise - Residential4,939
- HEAT/HOT WATER4,218
- Blocked Driveway2,931
- UNSANITARY CONDITION2,217
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.