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265 Covert St #Bld, Brooklyn, NY, 11207

9beds
7baths
0sqft
$2,600,000
--price/sqft
$15,622/moest. monthly cost
$624,880/yrincome needed

About This Home

We're pleased to introduce 265 Covert Street. A rare opportunity to acquire a fully occupied, turnkey three-family townhouse in the heart of Bushwick, Brooklyn. This classic Brooklyn property was thoughtfully renovated, offering investors immediate income with long-term upside. The building comprises three spacious residences. Each unit has been recently updated with contemporary finishes, including wide-plank hardwood flooring, recessed lighting, and sleek kitchens outfitted with stainless steel appliances and generous counter space. Each unit has expansive layouts with multiple bedrooms and bathrooms, in-unit washer/dryers-amenities, and the first floor unit offers a private outdoor area, all highly sought after in today's rental market. The property is fully leased with strong, reliable tenants in place, providing immediate and consistent cash flow from day one. With market-rate rents achieved across all units and continued demand in the area, this asset presents an ideal balance of stability and growth potential. Located on a quiet residential block, 265 Covert Street sits in one of Brooklyn's most dynamic and rapidly evolving neighborhoods. Bushwick has transformed into a cultural and creative hub, attracting artists, professionals, and entrepreneurs alike. Known for its vibrant street art, eclectic dining scene, and energetic nightlife, the neighborhood continues to see rising demand and investment activity. Convenient access to multiple subway lines-including the L, J, M, and Z trains-provides a seamless commute to Manhattan and beyond, further enhancing the property's appeal to tenants. Whether you're looking to expand your portfolio with a stabilized asset or secure a foothold in one of New York City's most sought-after rental markets, 265 Covert Street represents a compelling investment opportunity in prime Bushwick. Turnkey. Income-producing. Perfectly positioned.

Getting Around

89
WalkingVery Walkable
0
TransitVery Limited Transit
73
BikeVery Bikeable

Schools

4/10
2/10
Academy Of Urban PlanningGrades 9-120.4 mi

Construction

Condition

  • Year built: 1899

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Dishwasher,Washer/Dryer
  • Laundry features: Inside

Bedrooms & Bathrooms

  • Bedrooms: 9
  • Bathrooms: 7
  • Full bathrooms: 6
  • 1/2 bathrooms: 1

Features

  • Flooring: Hardwood

Interior Area

  • Total structure area: 0

Property

Details

  • Special condition: Resale

Features

  • Patio & porch: Other
  • Exterior features: Balcony,Garden
  • Has view: Yes
  • View description: City,Garden

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Cold Wave
    Cold WaveModerate
  • Earthquake
    EarthquakeModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Cold Wave
Earthquake
Inland Flooding
Strong Wind
Winter Weather
Tsunami

FEMA Declared Disasters in Kings County and New York

Flood
Severe Storm
Snowstorm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $13,147$157,764
Home Insurance *$1,016$12,192
Property Taxes $1,213$14,556
Electricity $246$2,954
Total$15,622$187,464
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$535,611/yr
40% on housing$468,660/yr
45% on housing$416,586/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 4.2%
4.2%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.2%
1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 11207$488
Kings County$697

vs Homes Sold Last Month

Median $/sqft

ZIP 11207$530
Kings County$623

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-28Listed for sale$2,600,000

For Sale by Agent

AgentGiovanni Castro
BrokerageCorcoran

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