The Sasoon, 1198 Jefferson Avenue

The building dates to 1931 per PLUTO, and the plan is a rehabilitation, so this is a renovated older building and not new construction. Listing records describe all four homes as floor-through, north- and south-facing, with private outdoor space, most with private storage rooms. They have wide-plank white oak floors, in-unit washers and dryers, high ceilings and city views. The one record opened for this page, a second-floor two-bedroom, two-bath home of 989 square feet, has a Juliet balcony, walk-in closets in both bedrooms and access to a finished roof space.

The unit count conflicts in city data. The offering plan and listing records give 4 residences. PLUTO shows 16 residential units for the lot, and one listing record carries that number as the building's residence count. A four-story building 20 feet wide and 55 feet deep holds about 4,742 square feet per PLUTO, which fits four floor-through homes of roughly 1,000 square feet and not 16 units. Treat 4 as the count.

Per the offering plan filed with the New York State Attorney General (plan CD240147), the plan was submitted May 15, 2024, accepted January 3, 2025 and declared effective July 14, 2025, with 203 Halsey LLC as sponsor. The record lists 4 residential units. The total offering price rose from $3,965,000 to $4,049,000, an increase of $84,000. The Attorney General servlet returned no detail for this plan, so the individual amendments were not reviewed. The database shows 1 unit sold, which is out of date against the deeds below.

Listing records show:

Other listing records show a three-bedroom, apartment A, asked at $1,275,000 and reported closed at $1,199,000 on March 26, 2026. That sale is not matched to a deed here. Building-level listing data shows asks from $950,000 to $1,275,000 and an average of about $886 per square foot. Apartment B's record shows monthly common charges of $489, real estate taxes of $665 a month and no tax abatement. The per-square-foot figure is our arithmetic on the ask.

ACRIS shows deeds on two of the four condominium unit lots, 1001 through 1004:

• Unit lot 1004: $890,968.75, deed dated September 15, 2025
• Unit lot 1003: $920,495, deed dated July 2, 2026

The odd cents on the 2025 deed are consistent with a transfer-tax gross-up (our arithmetic). Square footage is not available for the unit lots, so no per-square-foot figures are given. Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.

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.

Market read. Most recent trades (2026 to date) cleared a median $805/sf (recorded) across 2 sales.

Sales sourced from NYC Department of Finance recorded transfers (BBL 3-03389-7501; 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.

The plan is effective. Contracts are binding under the plan's terms. Read every amendment, since the price rose $84,000 and none were reviewed for this page.

Rehabilitation. Ask what the renovation replaced: roof, windows, mechanical systems, plumbing and electrical. Request the certificate of occupancy and the sponsor's warranty terms.

Walk-up. There is no elevator. Listing records describe the building as a walk-up.

Down payment. One listing record shows a 10% minimum down payment and another shows 20%. The plan and contract state the real terms.

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 (1.425% above $500,000). The state mansion tax of 1% applies at $1 million and above, which reaches only apartment A at the asks seen. Use the calculators below to run your price.

Sponsor control. The sponsor controls the board until enough units close to turn it over. The by-laws set the threshold.

If you're considering The Sasoon, also look at these Bushwick condominiums:

• 831 Knickerbocker Avenue — four-story renovation of a 1931 building
• 68 Eldert Street — five stories, one existing and four added
• 78 Jefferson Street — seven-residence condominium with an accepted plan
• 1226 Decatur Street — eight-residence new building, two homes per floor
• 32 Schaefer Street — eight residences, four stories plus cellar and penthouse
• 17 Dodworth Street — four stories plus cellar and penthouse level