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$1,473,750
List Price: $1,500,000
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255 Covert Street
Townhouse in Bushwick •  building info
9bd • 3ba • 2,844ft² $527 per ft²
Buy with Yoreevo

$1,473,750

List Price

$1,500,000

Key Details
Listed today
Last price change
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Estimated payment
$8,359/mo
Taxes
$265/mo
Maintenance
N/A
Description
255 Covert Street presents a compelling opportunity to invest in a versatile, income-producing townhouse in the heart of Brooklyn. Configured as a multi-level property with approximately 2,500+ square feet across the garden, first, and second floors, the layout lends itself seamlessly to both end-user living with rental income or full investor optimization. The home also features an unfinished cellar level, offering additional square footage with significant potential to be built out for storage, recreational use, or further value-add improvements. The property is currently arranged with a garden-level unit featuring a spacious living room, kitchen, full bath, and two bedroomsideal as a rental or guest suite. Above, the parlor and second floors function as a duplex with a classic layout: a generous living room at the front, a separate dining area, and a full kitchen at the rear on the first level, with direct access to multiple bedrooms. Upstairs, youll find an additional three-bedroom configuration with another full bath and flexible room sizes, allowing for strong rental potential or reconfiguration into higher-yield layouts. The clear separation of spaces, multiple kitchens, and ample bedroom count make this an attractive setup for investors seeking steady cash flow or value-add potential. Positioned on a quiet residential block in Bushwick, the home is surrounded by one of Brooklyns most dynamic and rapidly evolving neighborhoods. Just moments away, youll find local favorites like Robertas, known for its nationally acclaimed pizza, and Ops, a neighborhood staple for wood-fired dining. Coffee lovers will appreciate nearby spots such as Sey Coffee, while nightlife and entertainment options abound with venues like House of Yes and Elsewhere. For outdoor space, residents can enjoy Irving Square Park and Maria Hernandez Park, both offering green space, recreation, and community events. Transportation is convenient with access to the L train at Halsey Street Station and the J/Z trains at Chauncey Street Station, providing a straightforward commute into Manhattan. Whether youre looking to renovate and maximize rental income, create a live-plus-income residence, or hold as a long-term investment in a high-growth neighborhood, 255 Covert Street offers the scale, flexibility, and location to deliver strong upside potential.

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Home features
Dishwasher
Hardwood floors
Fireplace

Decorative

Private outdoor space

Private Garden

Building amenities
Services and facilities
Fios Available
Building info

History
What it'll cost
Purchase price
$1,500,000
Asking Price: $1,500,000
Term
30 Years
Down Payment
$150,000 (10%)
Min: 10% (150,000)
Rate
6.0 %
Mortgage Amount
$1,350,000
Mortgage Payment
$8,094
Taxes
$265
Estimated Yoreevo rebate
$26,250
Estimated closing cost
$54,000
Total monthly cost $8,359
Buy your dream home with us and get an estimated $26,250 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Compass

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