$1,199,000
Updated 7 years ago
Off Market

96 Covert Street

Bushwick, Brooklyn | Bushwick Ave & Evergreen Ave

14 Rooms8 Beds4.5 Baths3,000 Square FeetMulti-Family

$1,199,000
floors / apts3 / 2
Lot Size17'x100'
Built Size17'x48'
ZoneR6
Building TypeHouse
RE Taxes$7,820
Price Per SF
$400

Outdoor space and views

  • Backyard

Building Amenities

  • Garden

Property Description for 96 Covert Street

Still Availble: INVESTOR MONEY MAKER! Currently fully rented for $ 6,100 monthly, this multi-family provides a 5.2% cap rate including expenses! 2 of the units are below market rent (still free market), the projected rent roll is $ 7,500 with a cap rate of 6.6%.

This house consists of 2 duplexes over a floor-thru unit. Built in 2012, the house is 17' x 53.5' (per survey) on a 100' deep lot, and also comes with a legal parking spot! Available air rights of 1,139 sq ft.
Apt 2: rented for $ 2,700 through March 2020. 3 bedroom 1.5 bath.
Apt 1 rented for $ 2,100 through Feb 2019, 2 bedroom 2 bath with back garden. This is a lease from 2012, the unit would rent for $ 2,700 today.
Garden unit rented for $ 1,300 (free market), month-to-month. This unit could rent for $ 1,800.

Great location just a 7 minute walk to Wilson Ave L train stop, or 7 minute walk to Halsey St. J train (great for when L train closes for 15 months in April 2019). Easy sale with leases already in place! Tenants pay for heat, electric, and gas separately, landlord only pays water of $ 120 per month. SET UP available upon request, email or call Bryan Tomczuk today.

Listing History for 96 Covert Street

Now
03/24/2019
POM by Bryan Tomczuk
Brown Harris Stevens Residential Sales LLC
2019

Building Details for 96 Covert Street

OwnershipMulti-Family
Building TypeHouse
AgePost-War
AccessWalk-up
Year Built2007
Floors/Apts3/2
Learn More About the Building

Transit and Citi Bike

Subway

Halsey St
0.3 miles
Chauncey St
0.3 miles
Wilson Av
0.38 miles
Bushwick Av-Aberdeen St
0.43 miles

Citi Bike

Halsey St & Evergreen Ave
0.11 miles
Eldert St & Bushwick Ave
0.13 miles

Contact Agent

Contact Agent

Bryan Tomczuk
Brown Harris Stevens

Bushwick | Brooklyn

Quick Profile

As one of the most diverse neighborhoods in New York, Bushwick offers a perfect snapshot of just how multicultural the city is. Long-established as an amalgam of cultures and ethnicities, a wave of varying types of immigrants trickled in from the seventeenth to twentieth centuries, with Bushwick largely becoming a home to Hispanics of Puerto Rican and Dominican backgrounds by the latter part of the twentieth century. 

With the Bushwick Initiative of the mid-00s that aided in revitalization, it became an attractive area to young professionals and artists. And even now, Bushwick has sustained affordable rent prices where other North Brooklyn counterparts, like Williamsburg and Greenpoint, have become more expensive. Priding itself on the weird and the wacky, numerous art collectives thrive in this part of Brooklyn, once famously named the seventh coolest neighborhood in the world by Vogue. 

Though it has drawn in many tourists in recent years (there’s even a graffiti tour you can take from the Bushwick Collective), the neighborhood remains very much community-oriented, and has not been subject to quite the same sort of corporate infiltration phenomenon of its nearby Williamsburg environs. 

But yes, of course, Bushwick has come a very long way from its 80s and 90s reputation as being “The Well,” a nickname given to it for its free-flowing and widely available amount of drugs (quantity over quality being the cliche applied here). 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 72574TH