318 Covert Street

Bushwick, NY 11237
$3,250,000
11 beds | 7 baths | 0.06 acres | #3579068

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 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!

  • Interior Details
    • Heating & Cooling
      • Cooling:Window Unit(s)
      • Heating:Natural Gas, Hot Water
    • Beds & Baths
      • Bedrooms:11
      • Bathrooms:7
      • Full Baths:7
  • Property Details
    • Property
      • Lot description:Near Public Transit, Private
    • Measurements
      • Acres:0.06
    • Parking
      • Parking features:Shared Driveway, None, On Street
      • Parking type:Driveway
  • Construction Details
    • Type & Style
      • Property type:Purchase
      • Basement:1
    • Condition
      • Year built:1906
  • Utilities / Energy Details
    • Utility
      • Sewer information:Public Sewer
      • Utility source:Public
  • Community and Neighborhood Details
    • Community
      • Community features:Park
    • Location
      • School district:Brooklyn 32
      • Middle School:Evergreen Ms-Urban Exploration
      • High School:Brooklyn School For Math And Researc
      • County:Brooklyn
  • Financial Details
    • Pricing Details
      • Original List Price:$3, 250, 000
      • Taxes annual:$14, 607
  • Other
    • Source
      • MLS #:3579068

Location

Keller Williams LandmarkAsk Vinny Thompson team
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years

Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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