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318 Covert St
Brooklyn, NY 11237
Multifamily Property For Sale
·
6 Units
PROPERTY FACTS
| No. Units | 6 | Lot Size | 0.06 AC |
| Property Type | Multifamily | Building Size | 4,680 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1906 |
| Building Class | C | ||
| Zoning | R6,Brooklyn,(C2) | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,680 SF |
| No. Stories | 3 |
| Year Built | 1906 |
| Zoning | R6,Brooklyn,(C2) |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Storage Space
- Kitchen
- Hardwood Floors
- Refrigerator
- Stainless Steel Appliances
- Dining Room
SITE AMENITIES
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
ABOUT 318 COVERT ST , BROOKLYN, NY 11237
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.
PROPERTY TAXES
| Parcel Number | 03425-0022 | Improvements Assessment | $371,700 |
| Land Assessment | $5,400 | Total Assessment | $377,100 |
PROPERTY TAXES
