1048 FLUSHING Avenue #4L
About This Property
Unit 4L is a spacious 1,071-square-foot duplex featuring three bedrooms, three bathrooms, and an extraordinary five private outdoor spaces. Enjoy two balconies, a covered terrace off the main living area, a generous rear terrace, and a sprawling rooftop with sweeping city views - offering endless possibilities for outdoor living, relaxing, and entertaining.
Inside, the home features wide plank oak flooring, adding warmth and character throughout the open-concept living and dining areas. The kitchen is equipped with a luxurious appliance package, including a paneled refrigerator and dishwasher, combining sleek design with everyday convenience. The natural light pouring through large windows enhances the spacious feel of the home.
To the rear of the home are two queen-sized bedrooms that are bright and serene, offering a perfect retreat, while the primary bedroom includes an en suite bathroom with high-end finishes.
Up a flight of stairs is the third bedroom and second option for primary suite, featuring en suite bathroom and access to both front and rear terraces!
Additional perks include super low monthlies of just $433 in common charges and $792 taxes, making this unit not only luxurious but also a great value.
Residents also have access to a shared rooftop with panoramic views of the Manhattan skyline, ideal for soaking in the beauty of the city.
Located in the heart of Bushwick, you'll have easy access to local hotspots like Roberta's Pizza, Syndicated Bar Theater Kitchen, and Bushwick Bakery. For outdoor activities, Maria Hernandez Park is nearby, and the L train at Morgan Ave and the J/M trains at Flushing Ave offer convenient transportation options into Manhattan.
THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM THE SPONSOR FLUSHING 8 CONDOS LLC AT 330 E 57TH STREET, NEW YORK, NY. FILE NO.CD24-0080.
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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 |
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Apr 23, 2025 | Listed by Corcoran Group | $1,395,000 | |
Listed by Corcoran Group |
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Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
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Building Info
- 1 Unit for Sale
