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    Bushwick Three-Family Townhouse Title is generated by Realmo AI

    186 COVERT St, Brooklyn, NY 11207

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    Claim this Listing
    For Sale
    $1,750,000

    Spacious 3-unit property in prime Bushwick location.

    Type:Multi Family
    Property size:
    2,900 SF
    Price / SF:
    $603/SF
    Added:
    Apr 21, 2026
    Days on Market:
    52
    Last Refresh:
    Apr 21 at 12:37 am

    Property Features for 186 COVERT St

    General Information

    Standard status
    Active
    Size
    2,900 SF
    Property subtype
    Multi Family

    Building Details

    Year Built
    1925

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    Listing Contact
    Mark Joseph Berchin

    Listing agent Mark Joseph Berchin

    Listing office

    Listing date Apr 21, 2026

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Mark Joseph Berchin

    HighLights

    • Excellent Transit: Rider's Paradise with a transit score of 100, near subway lines and bus routes for easy commuting to Brooklyn and Manhattan.
    • Three‑Family Townhouse: Versatile property suitable for investors or owner‑occupiers seeking rental income.
    • Spacious Layout: Approximately 2,900 sq ft with seven bedrooms and five full bathrooms.
    • Owner's Duplex with Private Outdoor Space: Includes access to a private outdoor area and finished lower‑level space.
    • Prime Bushwick Location: Close to cafes, restaurants, parks, and local hotspots.
    • Updated and Well‑Maintained: Features updated kitchens, exposed brick, and recent improvements.

    Overview

    Located in the heart of Bushwick, 186 Covert Street is a three-family townhouse spanning approximately 2,900 square feet. The property features seven bedrooms and five full bathrooms, configured across three units. The owner's duplex includes a flexible layout with access to a private outdoor area and additional finished lower-level space. The two upper residences feature updated kitchens and generous proportions with strong natural light. Exposed brick elements are present throughout the property. Recent improvements and careful upkeep enhance functionality and long-term value. The property is centrally positioned just off Wilson Avenue, a few blocks from nearby subway lines, with a bus route located down the block. Nearby parks offer green space and walking paths. The location provides access to cafes, restaurants, and local hotspots.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $147.9k $51.00
    − Vacancy −$2.8k −$0.97
    EGI $145.1k $50.03
    − OpEx −$43.5k −$15.01
    NOI $101.6k $35.02
    2,900 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $1.45M
    $1.27M – $1.69M (±1% cap)
    NOI $101,563 @ 7.0% cap · market cap 5.80%
    Second Best
    Apartment 5plus
    $1.26M
    $1.11M – $1.48M (±1% cap)
    NOI $88,534 @ 7.0% cap · market cap 5.06%
    Theoretical Best
    Specialty Retail
    $2.40M
    $2.10M – $2.80M (±1% cap)
    NOI $168,084 @ 7.0% cap · market cap 9.60%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.90849
    Latitude
    40.689827

    FAQs

    What type of property is this?
    Triplex - Spacious 3-unit property in prime Bushwick location.
    Where is this triplex located?
    The property is located at 186 COVERT St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Excellent Transit: Rider's Paradise with a transit score of 100, near subway lines and bus routes for easy commuting to Brooklyn and Manhattan.; Three‑Family Townhouse: Versatile property suitable for investors or owner‑occupiers seeking rental income.; Spacious Layout: Approximately 2,900 sq ft with seven bedrooms and five full bathrooms.
    More about this property
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