318 Covert Street
318 Covert Street
$2,800,000
11
7
4,680
4,680
$598
Permanently Off Market
Description
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...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.
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
Amenities
- Walk Up
- Back Yard
- Full Basement
- Semi-Detached
- Lowrise
- Security System
Location
LISTING UPDATED: 07/08/2020 07:20 PM
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
Location
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 TypeHouseSenior Community-
Payment Calculator
$16,290 per month
The Payment Calculator is for illustrative purposes only.
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
Taxable ValueLand-Additions-Total-
Home Facts
APN3034250022
Schools near 318 Covert Street
This home is within Nyc Geog District #32 - Brooklyn.
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.
Neighborhood Map and Transit
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