One-Bedroom Condominium
For Sale
$465,000
220 Schaefer Street 2B, Brooklyn, NY 11207
A private bedroom, in-unit laundry room, and open kitchen distinguish this newly completed Bushwick condominium.
Property Size496 SF
Price / SF$937.50
Days on Market11
Property Features for 220 Schaefer Street 2B
General Information
Standard status
Active
Size
496 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,508
Building Details
Building Size
496 SF
Year Built
2026
Listing Agency:
Compass
Listed By:
JOSHUA GOLAN
(718) 415-4410
Source:
Carlinwright
Added: Sep 29
Changed: Oct 6
Last Checked: Oct 7 at 4:41PM
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.
This 496-square-foot condominium has one bedroom and one bathroom, with an open living and dining area and wood flooring. The kitchen features quartz counters, two-tone cabinetry, stainless steel appliances, and a peninsula with seating. Two closets serve the rear-positioned bedroom, while the bathroom has a glass-enclosed shower. A separate laundry room contains an in-unit washer and dryer. The building was completed in 2026.
The residence is in Bushwick, approximately 0.15 miles from the Wilson Avenue L station. Other nearby train access includes the L at Halsey Street and the J/Z at Chauncey Street. Maria Hernandez Park, the Bushwick Collective, and neighborhood dining and coffee destinations are also nearby. The unit is eligible for Fannie Mae financing.
The residence is in Bushwick, approximately 0.15 miles from the Wilson Avenue L station. Other nearby train access includes the L at Halsey Street and the J/Z at Chauncey Street. Maria Hernandez Park, the Bushwick Collective, and neighborhood dining and coffee destinations are also nearby. The unit is eligible for Fannie Mae financing.
Key Highlights
- 496‑square‑foot residence with one bedroom and one bathroom
- Open kitchen with quartz counters, stainless steel appliances, and a seating peninsula
- Separate laundry room with in‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,142
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,840
$302.8K
Cap Rate 7%
$216,314
$216.3K
Cap Rate 9%
$168,244
$168.2K
Market Conditions
NOI Build-Up for 496 SF
Gross rent
$28.1K $56.64/SF
− Vacancy
−$562 −$1.13/SF
EGI
$27.5K $55.51/SF
− OpEx
−$12.4K −$24.98/SF
NOI
$15.1K $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%
$302,840
Cap Rate 7%
$216,314
Cap Rate 9%
$168,244
Alternative Uses
Best Use
Apartment 5plus
$216.3K
$189.3K – $252.4K
NOI $15,142 @ 7.0% cap · market cap 3.26%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$410.7K
$359.4K – $479.1K
NOI $28,748 @ 7.0% cap · market cap 6.18%
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 private bedroom, in-unit laundry room, and open kitchen distinguish this newly completed Bushwick condominium.
Where is this residential income property located?
The property is located at 220 Schaefer Street 2B Brooklyn, NY.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: 496‑square‑foot residence with one bedroom and one bathroom; Open kitchen with quartz counters, stainless steel appliances, and a seating peninsula; Separate laundry room with in‑unit washer and dryer
