THE CONDO BOOK PROJECT

Bushwick Avenue Lofts

1411 Bushwick Avenue, Brooklyn, NY 11207

Compare

Overview

Units
12 residential · 6 parking
Subway
4 min walk to Chauncey St J ZBushwick Av-Aberdeen St L, 6 min
Principals
Ilan Bracha
Common charges
$503–$1,043 a monthSponsor's first-year estimate in Schedule A, August 1, 2024 To July 31, 2025
Offering price
$11 million total $8.19 million when first offered

The sponsor of record is 1411 Bushwick Avenue Development LLC, represented by Mavrides Moyal Packman & Sadkin, LLP. The offering plan runs 429 pages. The sponsor has filed 3 amendments, the latest in January 2025. The nearest other condo plan on file is 1404 Bushwick Avenue Condominium, next door.

Plan CD190217 · New · accepted Jun 27, 2024 · AG record ↗

Compare

FigureThis building1Schae210 units · 0.1 miaccepted 2024156 Somers310 units · 0.4 miaccepted 2024
Average Offering PricePer Apartment$667,833Above peers$640,300$618,900

Free Account

See the Full Comp

Unit mix, closings, budgets, finishes and the team, against Schae and 156 Somers, cited to the offering plans. No credit card required.

Create a free account
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 closed33% of the homes in Schedule A4 of 12
Closing prices vs. Schedule A4 homes: $2,585,000 at closing against $2,340,000 in Schedule A (p. 52)+10.5%
Closingsfirst and latest recordedMar 24, 2025 – Mar 3, 2026

Sales recorded with the Department of Finance (ACRIS) through Sep 30, 2026: 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 4 closings
HomeRecordedClosing priceSchedule ADifference
2AMar 24, 2025$625,000$565,000 p. 52+10.6%
2BMay 1, 2025$625,000$565,000 p. 52+10.6%
4AJul 31, 2025$670,000$615,000 p. 52+8.9%
3BMar 3, 2026$665,000$595,000 p. 52+11.8%

Pro

Closings are for subscribers

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

Subscribe to seeAlready a member? Sign in

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
1411 Bushwick Avenue Development LLC
Principals
Ilan Bracha
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
Conventus$5.47 million recorded

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

Nearby