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22 Covert St 8 Unit Apartment Building $2,700,000 ($337,500/Unit) 6.50% Cap Rate Brooklyn, NY 11207
Investment Highlights
- Located along Covert St between Bushwick Ave and Broadway
Executive Summary
Inquire for additional details.
Property Facts
| Price | $2,700,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $337,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 6.50% | Building Size | 9,846 SF |
| No. Units | 8 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1906 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R6 - Predominatnly residential | ||
| Price | $2,700,000 |
| Price Per Unit | $337,500 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 9,846 SF |
| No. Stories | 4 |
| Year Built | 1906 |
| Opportunity Zone |
Yes |
| Zoning | R6 - Predominatnly residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 8 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $627,750 | |
| Land Assessment | $17,100 | Total Assessment | $644,850 |
Property Taxes
Parcel Numbers
Land Assessment
$17,100
Improvements Assessment
$627,750
Total Assessment
$644,850
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