318 Covert Street
318 Covert Street
Permanently Off Market
Permanently Off Market
Description
318 Covert Street is a 3-story, 6-unit apartment building that’s located between Irving Avenue and Knickerbocker Avenue in the Bushwick neighborhood of Brooklyn. The building is 4,680 square feet and consists of one 1-bedroom and five 2-bedroom free-market apartments.
The sale represents a compelling acquisition opportunity for investors looking for a very well-maintained, free-market apartment building on a quiet residential street in an up-and-coming...Please email me for the full offering memorandum.
318 Covert Street is a 3-story, 6-unit apartment building that’s located between Irving Avenue and Knickerbocker Avenue in the Bushwick neighborhood of Brooklyn. The building is 4,680 square feet and consists of one 1-bedroom and five 2-bedroom free-market apartments.
The sale represents a compelling acquisition opportunity for investors looking for a very well-maintained, free-market apartment building on a quiet residential street in an up-and-coming neighborhood. All capital improvements have already been made (new roof, new plumbing and venting, restored façade, etc.).
In addition to owning a well-maintained asset, a buyer would be able to immediately add value in a few ways.
1. Upgrade the finishes in the apartments to a more modern look with stainless steel appliances.
2. Duplex one of the apartments on the first floor into the already-renovated and finished basement.
3. The building has an additional 1,400 square feet of air rights and the zoning allows for another floor to be added, just like the building next door.
Listing Agent
![Udi Eliasi]()
udi@compass.comP: 646.382.7378
Amenities
- Walk Up
- Back Yard
- Full Basement
- Semi-Detached
- Lowrise
- Security System
Location
Property Details for 318 Covert Street
| Status | Permanently Off Market |
|---|---|
| Days on Market | 31 |
| Taxes | $1,009 / month |
| Maintenance | - |
| Min. Down Pymt | - |
| Total Rooms | 23.0 |
| Compass Type | Townhouse |
| MLS Type | Single Family |
| Year Built | 1906 |
| Lot Size | 2,500 SF / 25' x 100' |
| County | Kings County |
Building
318 Covert St
Location
Building Information for 318 Covert Street
Payment Calculator
$16,290 per month
30 year fixed, 7.25% Interest
$15,281
$1,009
$0
Property History for 318 Covert Street
| Date | Event & Source | Price | Appreciation | Link |
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| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 318 Covert Street
Schools near 318 Covert Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
P.S. Is 384 Frances E Carter PublicPK to 8 | ||
Brooklyn School For Math And Researc Public9 to 12 | ||
Evergreen Middle School-Urban Exploration Public6 to 8 | ||
Academy Of Urban Planning Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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