THE CONDO BOOK PROJECT

1048 Flushing Avenue Condominium

1048 Flushing Avenue, Brooklyn, NY 11237

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Overview

Units
8 residential
Subway
5 min walk to Morgan Av LJefferson St L, 7 min
Principals
Rotem Victor Moyal
Average $/sf
$1,104Homes in Schedule A, as first offered
Common charges
$225–$581 a monthSponsor's first-year estimate in Schedule A, January 1, 2025 To December 31, 2025
Offering price
$8.13 million total $7.59 million when first offered

The sponsor of record is Flushing 8 Condos LLC, represented by Eial Girtz, PC. The offering plan runs 268 pages. The sponsor has filed 4 amendments, the latest in June 2026. The nearest other condo plan on file is Lumbini Garden 2006, next door.

Plan CD240080 · New · accepted Jul 5, 2024 · AG record ↗

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FigureThis building11019 Hancock28 units · 1.3 miaccepted 2024Josephine310 units · 0.8 miaccepted 2024
Common ChargesPer Square Foot / Month$0.43Lowest$0.51$0.57
Average Offering PricePer Apartment$948,750In line$903,125$970,500
Average PricePer Square Foot$1,104In line$1,154$1,088
Property TaxesPer Square Foot / Month$0.78Above peers$0.32$0.69
Average Unit SizeSquare Feet859 SFIn line783 SF892 SF

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Unit mix, closings, budgets, finishes and the team, against 1019 Hancock and Josephine, cited to the offering plans. No credit card required.

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How We Got This
  • Comps: the closest Brooklyn plans on size, $/SF and launch date, within 2 miles when possible.
  • Figures: each building's own offering plan, filed with the NY Attorney General. Nothing is estimated.
  • Checked: a price list publishes only when its math adds up, and building pages cite the plan pages.
  • Labels: In line is between the comps; Below/Above peers is past both by up to 15%; Lowest/Highest by more.

Closings Pro

Homes closed88% of the homes in Schedule A7 of 8
Closing prices vs. Schedule A7 homes: $7,193,800 at closing against $6,395,000 in Schedule A (p. 38)+12.5%
Average closing price7 homes, on their Schedule A square feet$1,240 / SF
Closingsfirst and latest recordedJun 18, 2025 – Oct 31, 2025

Sales recorded with the Department of Finance (ACRIS) through Nov 30, 2025: deeds, or transfer tax filings for a building on leased land, of $10,000 or more. A home's first sale since the plan was filed is the sponsor's closing; resales aren't counted. Closing prices are compared with the same home's Schedule A price, as first offered; a deed covering more than one home isn't compared. Amendments often change prices before a home closes, and a deed that includes parking or storage counts its full price. ACRIS records a sale weeks after closing, so recent contracts don't appear yet. Every building's sales.

All 7 closings
HomeRecordedClosing priceSchedule ADifference
2LJun 18, 2025$905,000$775,000 p. 38+16.8%
4RJun 18, 2025$1,425,000$1,245,000 p. 38+14.5%
1LJun 24, 2025$998,800$920,000 p. 38+8.6%
1RJun 27, 2025$1,050,000$990,000 p. 38+6.1%
2RJul 14, 2025$950,000$845,000 p. 38+12.4%
3LJul 21, 2025$905,000$775,000 p. 38+16.8%
3ROct 31, 2025$960,000$845,000 p. 38+13.6%

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Closings are for subscribers

Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

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Budget

From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size

Team

Sponsor
Flushing 8 Condos LLC
Principals
Rotem Victor Moyal
Tax estimate
RE Tax Service, LLCPrepared the first-year real estate tax projection
Construction lender
Quanta Finance$4 million loan stated in the plan

From our research: Do NYC Developers Rehire the Same Firms?

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