40 Schaefer St - Apartments FOR SALE


Brooklyn, NY 11207- Bushwick
$5,500,000 USD
718-415-4410
40 Schaefer St, Brooklyn, NY for Sale
$5,500,000 USD
Apartments - FOR SALE
1/11
null | 5.64% Cap Rate

40 Schaefer St
Brooklyn, NY 11207
Bushwick


HIGHLIGHTS

  • Built 2025
  • 10 units newly renovated
  • Approved condo book / offering plan
  • Between two of Brooklyn's most popular neighborhoods — Bedford-Stuyvesant and Bushwick.
  • Elevator building
  • Roof Terrace with Manhattan skyline views

OVERVIEW

Welcome to 40 Schaefer Street, a ground-up new development nestled between two of Brooklyn's most popular neighborhoods — Bedford-Stuyvesant and Bushwick. Comes with APPROVED CONDO BOOK / OFFERING PLAN. This boutique building features 10 spacious one-bedroom, one-bathroom residences, including two duplexes, one with a private garden. Sun-splashed interiors shine with wide-plank hardwood floors, floor-to-ceiling Pella windows and tall ceilings with recessed lighting. Enjoy large living/dining areas and open gourmet kitchens finished with sleek cabinetry, stainless steel appliances and waterfall peninsulas with bar seating. Inside the large bedrooms, you'll find wide reach-in closets and enough room for seating or home office areas. Beautiful bathrooms impress with swaths of floor-to-ceiling tile, tub/showers with glass doors and contemporary vanities. In-unit washer-dryers, roomy coat closets and central HVAC add comfort and ease to these all-new Brooklyn homes. 40 Schaefer Street is a new boutique property featuring a handsome brick façade that melds seamlessly with the surrounding streetscape. Residents enjoy just two units per floor, an elevator, a convenient garbage chute, in-unit laundry 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.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$548 USD /SF

# OF UNITS

10

PRICE/UNIT

$550,000

CAP RATE

5.64%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,483 SF

ZONING

R6

APN/PARCEL ID

03426-0026

ASK ABOUT THIS PROPERTY

Joshua GolanThe Golan TeamMore Info
718-415-4410

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Joshua GolanThe Golan TeamMore Info
718-415-4410

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.