32 SCHAEFER Street #PHA
About This Property
Introducing 32 Schaefer, an intimate new condominium of just eight homes crafted from the ground up for modern Brooklyn living. Defined by its striking architectural facade, oversized windows, and abundant outdoor space, the building is designed to perfectly frame every view-whether overlooking the leafy treetops or capturing the dramatic sweep of the New York City skyline from most residences. Inside, expansive layouts, calacatta gold kitchens with integrated appliances, spa-inspired baths, and abundant closet space create homes that are as functional as they are beautiful.
The crown jewel of 32 Schaefer , PHA is a two-bedroom, one and a half-bath penthouse offering 913 square feet of interiors and an extraordinary 479 square feet with a balcony and a private rooftop space. This residence is designed for those who value both scale and connection to the outdoors. The expansive living and dining area is framed by oversized windows and anchored by a striking Calacatta Gold kitchen with fully integrated appliances. Sunlight pours in, accentuating the clean lines and spacious feel of the home.
Two bedrooms are thoughtfully arranged for privacy and balance, including a king size primary suite with its own spa-inspired en-suite bath featuring double vanity, oversized shower, and warm modern finishes. Secondary bedrooms are flexible in use, ideal for family, guests, or office space, each with ample storage.
What sets this home apart is its multiple private outdoor spaces, including balconies and roof terraces totaling 755 square feet. From sunrise coffee to evening entertaining, these outdoor retreats transform daily living and offer panoramic views of Irving Square Park and the Manhattan skyline.
Positioned on a tree-lined residential street where Bedford-Stuyvesant meets Bushwick, 32 Schaefer enjoys one of Bushwick's most coveted addresses. Bushwick thrives with a dynamic mix of cafes, acclaimed restaurants, art galleries, and nightlife that define its creative spirit. Just moments from five train lines, residents enjoy seamless access to Manhattan and the rest of Brooklyn, blending neighborhood charm with true urban connectivity.
At 32 Schaefer , boutique scale meets elevated design-delivering a rare opportunity to own a home that is intimate yet expansive, with every detail crafted for modern city living.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 20, 2026 | Listed by Douglas Elliman Real Estate | $900,000 | |
| Listed by Douglas Elliman Real Estate | |||
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| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
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Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017