Brooklyn, NY 11207,265 Covert Street
Listing Courtesy of Compass

$1,249,500

$1,288,888

3.1%
Est.Price: ?

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Est. payment /mo

9 Beds

6 Baths

3,300 SqFt


SOLD DATE : 03/06/2025

Key Details

Sold Price $1,249,500

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,300 sqft

Price per Sqft $378

Subdivision Bushwick

MLS Listing ID RLS11018117

Sold Date 03/06/25

Style Walk-Up

Bedrooms 9

Full Baths 6

HOA Y/N Yes

Year Built 1899

Annual Tax Amount $3,900

Property Sub-Type Triplex

Property Description

This Bushwick, Brooklyn property offers a prime investment opportunity with its legal 3-family designation and an estimated renovated market value of $2.2 million. Key highlights include:

Lot and Building Dimensions: Set on a 20x100 lot with a building size 20x55.
Zoning: Situated in an R6 zoning area, allowing for development potential.
Interior Layout: Features 3 bedrooms and 2 full bathrooms.
Property Taxes: Benefit from a low tax rate of $3,900.
Location: Ideally located with easy access to dining, supermarkets, and public transportation.
Investment Potential: An all-cash purchase is required, making it ideal for investors. The property is fully gutted and ready for restoration with new plumbing, electrical systems, insulation, and more.
Renovation Plans: Comes with architect-approved renovation plans.
This property is a fantastic opportunity for investors looking to capitalize on the vibrant and growing Bushwick neighborhood.

Location

State NY

County Kings

Rooms

Basement Full

Interior

Furnishings Unfurnished

Fireplace No

Laundry See Remarks

Exterior

Exterior Feature Private Outdoor Space Over 60 Sqft, Private Yard

Parking Features On Street

View Y/N No

Private Pool No

Building

Story 3

New Construction No

Others

Ownership None

Monthly Total Fees $325

Pets Allowed Building No, No

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