318 Covert Street

4,680 Sq. Ft.
$694 / Sq. Ft.
4,680
Sq. Ft.
$694
per Sq. Ft.

Description

Nestled in the heart of Bushwick, this stunning 6-family brick property offers a rare investment opportunity. Boasting a total of 13 bedrooms and 7 bathrooms, this pre-war gem is filled with unique, classic finishes that stand the test of time. The spacious units feature large, sun-drenched windows, beautiful hardwood floors, and arched hallways that enhance the character of the building. With generously sized bedrooms and a convenient walk-out basement, this property is designed for both comfort...Nestled in the heart of Bushwick, this stunning 6-family brick property offers a rare investment opportunity. Boasting a total of 13 bedrooms and 7 bathrooms, this pre-war gem is filled with unique, classic finishes that stand the test of time. The spacious units feature large, sun-drenched windows, beautiful hardwood floors, and arched hallways that enhance the character of the building. With generously sized bedrooms and a convenient walk-out basement, this property is designed for both comfort and style. Investors will appreciate that the building has an additional 1,400 sq. ft. of air rights and the zoning allows for an additional floor to be added which offers the potential to significantly increase the NOI, making this an ideal purchase. Situated close to the L line, schools, shopping, restaurants, and houses of worship, this prime location offers easy access to all essentials. Don't miss out on this rare chance to own a highly desirable multi-family property in one of Brooklyn's most vibrant neighborhoods!
  1. Listed by Moin Siddiqui • Coldwell Banker American Homes • 718-206-1340
  2. Listed by Randolph A Saa • Coldwell Banker American Homes

Property Details for 318 Covert Street

Township
Brooklyn
City/Township
Bushwick
Architectural Style
Mid-Rise
Community Features
Park
Garage Spaces
.00
Section Area
Knickerbocker
LISTING UPDATED: 09/17/2024 04:15 PM

Property Details for 318 Covert Street

StatusActive
MLS ID3579068
Days on Market526
Taxes$14,607 / year
Maintenance-
Min. Down Pymt-
Total Rooms25.0
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1906
Lot Size2,500 SF / 25' x 100'
CountyKings County

Building

318 Covert St

6 Units3 StoriesBuilt in 1906

Location

Listing Courtesy of Coldwell Banker American Homes
Add your commute

Building Information for 318 Covert Street

Stories3Year Built1906Building Size20' x 78'Building Sq. Ft4,680 SFLot Size2,500 SF / 25' x 100'Building AgePre-warBuilding TypeHouse

Payment Calculator

$17,057 per month

30 year fixed, 6.15% Interest

Principal and Interest

$15,840

Property Taxes

$1,217

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 318 Covert Street

Summary
Location and General Information
  • Senior Community YN: No
  • MLS Area Minor: 13
  • Directions: Google Maps or Waze
  • Property Attached: No
  • Structure Type: false
  • Levels: Three Or More
  • Property Condition: Excellent
  • New Construction YN: No
  • Lot Size Source: Other
  • Country: US
  • State Or Province: NY
School Information
  • School District: Brooklyn 32
  • Elementary School District: Brooklyn 32
  • Middle Or Junior School District: Brooklyn 32
  • Middle Or Junior School: Evergreen Ms-Urban Exploration
  • High School District: Brooklyn 32
  • High School: Brooklyn School For Math And Researc
Rental
Rental
  • Lease Considered: No
Unit Information
Unit Information
  • Building Units Total: 6
Room Information
Room 1 Information
  • Room Level: First
  • Room Type: Bedroom
  • RoomDescription 1: .
Taxes and HOA Information
Taxes and HOA Information
  • Parcel Number: 03425-0022
  • Tax Map Number: 03425-0022
Interior and Exterior Features
Interior Features
  • Amenities: Mid-Rise, Park, Public
  • Total Rooms: 25
  • Living Area Units: Square Feet
  • Basement: Walk-Out Access
  • Fireplaces Total: 0
  • Location Amenities: Walk Out Basement, Privacy
  • Common Walls: No Common Walls
Exterior Features
  • Exterior Property Features: Shared Driveway, None, On Street, Park, Near Public Transit, Private
  • Elevation Certificate: No
  • Construction Materials: Brick
  • Road Responsibility: Public Maintained Road
Lot Information
  • Lot Features: Near Public Transit, Private
  • Lot Size Dimensions: 25X100
  • Site Features: Park, Near Public Transit, Private
  • Building Area Units: Square Feet
Parking
  • Parking Features: Shared Driveway, None, On Street
  • Parking Total: 1.00
  • Attached Garage: No
  • Garage: No
Utilities
  • Cooling: Yes
  • Cooling: Window Unit(s)
  • Heating: Natural Gas, Hot Water
  • Heat Fuel Type: Natural Gas, Hot Water
  • Number Of Separate Gas Meters: 6
  • Sewer: Public Sewer
  • Water Source: Public
  • Number Of Separate Electric Meters: 6
Green Features
  • Green Features: Natural Gas, Hot Water

Property History for 318 Covert Street

DateEvent & SourcePriceAppreciationLink
Jan 27, 2025

Price Change

Manual

$2,000,000——
Jan 17, 2025

Price Change

Manual

$2,500,000——
Dec 5, 2024

Price Change

Manual

$2,700,000——
Sep 16, 2024

Listed (Active)

ONEKEY #3579068

$3,250,000——
Jul 8, 2020

Permanently Off Market

Manual

——
Mar 5, 2020

Listed (Active)

Manual

$2,800,000——
Jun 16, 2005

Sold

BKMLS #309464

$499,000——
Jun 16, 2005

Contract Signed

BKMLS #309464

——
Jun 15, 2005

Sold (Public Record)

ACRIS #2005062100489001

$499,000—
Mar 19, 2005

Listed (Active)

BKMLS #309464

$499,000——
DateEvent & SourcePrice
01/27/2025

Price Change

Manual

$2,000,000
01/17/2025

Price Change

Manual

$2,500,000
12/05/2024

Price Change

Manual

$2,700,000
09/16/2024

Listed (Active)

ONEKEY #3579068

$3,250,000
07/08/2020

Permanently Off Market

Manual

—
03/05/2020

Listed (Active)

Manual

$2,800,000
06/16/2005

Sold

BKMLS #309464

$499,000
06/16/2005

Contract Signed

BKMLS #309464

—
06/15/2005

Sold (Public Record)

ACRIS #2005062100489001

$499,000
03/19/2005

Listed (Active)

BKMLS #309464

$499,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 318 Covert Street

Taxable ValueLand-Additions-Total-
Home Facts
APN3034250022

Schools near 318 Covert Street

This home is within New York City Geographic District #32.
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 Research
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.

Neighborhood Map and Transit

Similar Homes

Similar Sold Homes

318 Covert Street is a multi-family home for sale in Bushwick. This property was listed for sale on September 16, 2024 by Coldwell Banker American Homes, it's currently listed at $3,250,000. It has been on the market for a total of 526 days and was last sold on June 16, 2005. This listing's school district is New York City Geographic District #32. Nearby schools include P.S. Is 384 Frances E Carter, Brooklyn School For Math And Research and Evergreen Middle School-Urban Exploration. 318 Covert Street is a 11-bed, 7-bath, 4,680 sqft multi-family home built in 1906.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker American Homes

Based on information submitted to the MLS GRID as of 09/17/2024 04:15 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.