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30 Covert St

4 Unit Block of Flats £1,823,753 (£455,938/Unit) 5.83% Net Initial Yield Brooklyn, NY 11207

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Investment Highlights

Property has room for upgrades.

Produces $14,000 per month in rental income.

Executive Summary

Legal 4 Family
Welcome to 30 Covert St .
Spanning 25 ft wide and 65 ft deep !
Almost 5,000 sqft *
This unique income property features beautiful and large four renovated apartments !
Generating over $14k in monthly income with room to grow easily to 15K+ monthly. Minimal expenses and significant upside potential.
30 Covert is a rare opportunity for real estate investors and also for regular buyers that would like to have enough income to cover mortgage expenses and still have a large apartment to live in !
Don’t miss out on this chance to own a piece of Brooklyn’s booming real estate market. Contact us for more details.
Square feet 4,875
Building dimensions 25 ft x 65 ft
Very large apartments, 4 bedrooms, 4 bathrooms. And two 2 bedrooms apartments.
Full open basement.

Situated just a couple blocks away from the L and J subway stops , Manhattan is a mere 30-minute commute away! Within a few short blocks, immerse yourself in local favorites such as BK Pizza, All night skate ! The Steel Mill, General Irving Coffee Shop, Maya Fusion Cafe , Halsey Ale House, House Party Cafe , Sunrise/Sunset cafe , and much more. For those craving the great outdoors, the beautiful Irving Square Park is just few blocks north.

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	£132,408	£27.16
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£132,408	£27.16
Taxes	-	-
Operating Expenses	-	-
Total Expenses	£21,179	£4.34
Net Operating Income	£111,229	£22.82

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	£132,408
Annual Per SF	£27.16

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£132,408
Annual Per SF	£27.16

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	£21,179
Annual Per SF	£4.34

Net Operating Income
Annual	£111,229
Annual Per SF	£22.82

Property Facts

Price	£1,823,753	Apartment Style	Low Rise
Price Per Unit	£455,938	Building Class	C
Sale Type	Investment	Lot Size	0.06 AC
Net Initial Yield	5.83%	Building Size	4,875 SF
No. Units	4	Number of Floors	3
Property Type	Residential	Year Built	1912
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£1,823,753
Price Per Unit	£455,938
Sale Type	Investment
Net Initial Yield	5.83%
No. Units	4
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.06 AC
Building Size	4,875 SF
Number of Floors	3
Year Built	1912
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.