SOLD FOR $1,249,500
· Sold at asking price · Closed March 6, 2025
$1,249,500
$379 per sq ft
265 Covert Street
MLS® #RLS11018117
Listing by Compass
9
Bedrooms
6
Baths
3,300
Sq. Ft.
1899
Year Built
Sale Details
Property Summary
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.
Property Details
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Listing courtesy of Abdul Sabooni at Compass. Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.