Two-Bedroom Duplex with Private
New
For Sale
$1,150,000
220 Schaefer Street 1, Brooklyn, NY 11207
A multi-level residence combines an open main floor with rear bedrooms and a spacious lower-level bonus room.
Property Size1,726 SF
Price / SF$666.28
Days on Market7
Property Features for 220 Schaefer Street 1
General Information
Standard status
Active
Size
1,726 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,712
Amenities
private backyard
laundry area
Building Details
Building Size
1,726 SF
Year Built
2026
Listing Agency:
Compass
Listed By:
JOSHUA GOLAN
(718) 415-4410
Source:
Miradorrealestate
Added: Sep 29
Changed: Oct 3
Last Checked: Oct 4 at 4:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
Investment Insights
Based on property information with market context.
Unit 1 is a two-bedroom, two-bathroom duplex within a condominium completed in 2026. Its approximately 1,726 square feet span an open main level and a lower-level bonus room. The kitchen has quartz counters, two-tone cabinetry, stainless steel appliances, and a peninsula with seating. Both bedrooms open directly to the private backyard; a full bathroom, laundry area, and multiple closets round out the main level. The lower room offers flexible space for uses such as a media area, office, gym, or guest area.
The property is approximately 0.15 miles from the Wilson Avenue L station. Maria Hernandez Park and the Bushwick Collective are nearby, along with neighborhood cafes, restaurants, and nightlife. Additional subway access is available at Halsey Street on the L and Chauncey Street on the J/Z.
The property is approximately 0.15 miles from the Wilson Avenue L station. Maria Hernandez Park and the Bushwick Collective are nearby, along with neighborhood cafes, restaurants, and nightlife. Additional subway access is available at Halsey Street on the L and Chauncey Street on the J/Z.
Key Highlights
- Two bedrooms and two bathrooms across approximately 1,726 square feet
- Private backyard with direct access from both bedrooms
- Lower‑level bonus room offers space for multiple uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,693
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,053,860
$1.1M
Cap Rate 7%
$752,757
$752.8K
Cap Rate 9%
$585,478
$585.5K
Market Conditions
NOI Build-Up for 1,726 SF
Gross rent
$97.8K $56.64/SF
− Vacancy
−$2.0K −$1.13/SF
EGI
$95.8K $55.51/SF
− OpEx
−$43.1K −$24.98/SF
NOI
$52.7K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,053,860
Cap Rate 7%
$752,757
Cap Rate 9%
$585,478
Alternative Uses
Best Use
Apartment 5plus
$752.8K
$658.7K – $878.2K
NOI $52,693 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.43M
$1.25M – $1.67M
NOI $100,039 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,577
Businesses Nearby
Explore this area
Business Placement
Demographics for 11207, NY
100,330
Population
38,030
Households
2.6
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
2.7 sq mi
ZIP Area
37,159
Density / Sq Mi
$55,419
Median Household Income
$41,008
Median Earnings
$1,443
Median Rent
$657,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A multi-level residence combines an open main floor with rear bedrooms and a spacious lower-level bonus room.
Where is this residential income property located?
The property is located at 220 Schaefer Street 1 Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms across approximately 1,726 square feet; Private backyard with direct access from both bedrooms; Lower‑level bonus room offers space for multiple uses
