- Year built
- 2022
- Type
- Condominium
- Landmark
- Landmark or historic district
Every recorded sale at this building, 2025–2025
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf, 2025
- $1,172
- 7 sales
- Listing discount
- 4.6%
- Recorded sales
- 7
- On record
- 2025–2025
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 1048 Flushing Avenue would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
1048 Flushing Avenue is an eight-residence condominium on a lot of about 55.7 by 72 feet in Bushwick, with 8,214 square feet of building area in PLUTO, or about 1,027 square feet per home before common space (our arithmetic). The plan went effective on February 5, 2025.
The Attorney General's total offering price rose from $7,590,000 to $8,128,800, an increase of $538,800, or 7.1 percent. At $8.13 million the average is $1,016,100 per residence (our arithmetic), right at the $1 million line where the state mansion tax begins.
Recorded sales are thin. The city's 12-month sales file shows one deed, and listing records show a sponsor home still offered.
Architecture and residences
PLUTO shows one building of 8,214 square feet on a 3,130-square-foot lot, zoned R6, with eight residential units, built in 2022, with a recorded condominium (number 6297). Listing records give four stories and a 2024 completion; the year conflicts. The architect of record is not named in the records reviewed.
Listing records describe homes numbered by floor with an L or R suffix (1L, 1R, 3R, 4L, 4R), with common charges that vary by unit: $458 on 4R, $573 on 1L and $581 on 1R. Confirm each home's charges in the plan's budget.
Offering and pricing
Per the offering plan filed with the New York State Attorney General (plan CD240080), the plan was submitted March 13, 2024, accepted July 5, 2024 and declared effective February 5, 2025, with Flushing 8 Condos LLC as sponsor. The record lists eight residential units. Our price file shows an initial price of $7,590,000 and a current price of $8,128,800. The Attorney General's detail page did not load in repeated attempts, so amendments were not reviewed. The record shows three units sold.
| Residence | Price | Date | Source |
|---|---|---|---|
| 3R | $960,000 deed | October 31, 2025 | city sales file |
| 4R | $1,425,000 reported closing | June 18, 2025 | listing record, not checked against ACRIS |
| 4R | $1,495,000 earlier ask | listed September 25, 2024 | listing record |
| 4L | $1,350,000 ask | undated | listing record, shown as a sponsor unit |
| 1L | $1,095,000 ask | undated | listing record |
The 4R figures show a $70,000 drop from the earlier ask to the reported closing, 4.7 percent. The recorded 3R price of $960,000 sits well below the 4R closing; unit sizes were not captured, so no per-foot comparison is possible. These are not matched pairs.
Photographs of 1048 Flushing Avenue
Recent sales
Recent closings at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Oct 31, 2025 | 3R | 2 BR · 2 BA · 819 sf | $960,000 | $1,172/sf | -3.9% |
| Jul 21, 2025 | 3L | 2 BR · 2 BA · 734 sf | $905,000 | $1,233/sf | -4.6% |
| Jul 14, 2025 | 2R | 2 BR · 2 BA · 819 sf | $950,000 | $1,160/sf | -4.9% |
| Jun 27, 2025 | 1R | 2 BR · 2.5 BA · 1,403 sf | $1,050,000 | $748/sf | -4.1% |
| Jun 24, 2025 | 1L | 2 BR · 2.5 BA · 1,499 sf | $998,800 | $666/sf | -8.8% |
| Jun 18, 2025 | 4R | 3 BR · 3 BA · 1,165 sf | $1,425,000 | $1,223/sf | -4.7% |
| Jun 18, 2025 | 2L | 2 BR · 2 BA · 737 sf | $905,000 | $1,228/sf | -2.2% |
Market read. Most recent trades (2025) cleared a median $1,172/sf (recorded) across 7 sales. Median listing discount 4.6% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
Sales sourced from NYC Department of Finance recorded transfers (BBL 3-03155-7502; each condominium apartment is its own tax lot). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.
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At the recent median sale of $960K (7 sales in the past 24 months, since November 12, 2024), a buyer putting 25% down would pay about $34,786 to close, or 3.6% of the price.
- Mansion tax: $0
- Mortgage recording tax: $13,860
- Title insurance: $4,320
- Attorneys, lender, building fees, reserves and filings: $16,606
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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What to know if you’re buying
The plan is effective. Contracts are binding under the plan's terms. Read every amendment, because the total offering rose $538,800 after the initial filing.
Sponsor units. Ask what the sponsor has under contract and what remains, and compare the asks with the recorded 3R price.
Closing costs. In sponsor sales the buyer customarily pays the New York State transfer tax (0.4%) and the New York City real property transfer tax (1% at $500,000 or less and 1.425% above), plus the state mansion tax of 1% at $1 million and above. Several asks here are above that line. Use the calculators below to run your price.
Carrying costs and abatement. The plan's budget projects common charges and real estate taxes. No tax abatement was confirmed in this review.
Sponsor control. The sponsor controls the board until enough units close to turn it over. The by-laws set the threshold.
Comparable buildings
If you're considering 1048 Flushing Avenue, also look at these Bushwick condominiums:
- 32 Schaefer Street — Bushwick condominium with residences listed at $499,000 to $995,000 in 2026
- 107 Schaefer Street — Bushwick sponsor sales under way in 2026
- 1385 DeKalb Avenue — Bushwick condominium that launched sales in spring 2026
- 1226 Decatur Street — Bushwick condominium on Decatur Street
More Bushwick buildings
- 101 Wyckoff Avenue (Wy 101 Lofts) — condominium
- 107 Schaefer Street — condominium
- 1152 Lafayette Avenue — condominium
- 1370 Bushwick Avenue — condominium
- 1385 DeKalb Avenue — condominium
- 1427 Greene Avenue, 1425–1427 Greene Avenue and 404 — condominium
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Bushwick.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
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646.939.7375 · c.cohen@compass.com