One-Bedroom Residential Income
For Sale
$650,000
301 COVERT Street 3E, Brooklyn, NY 11237
Condo residence with private outdoor space, covered parking, and access to shared building amenities.
Property Size759 SF
Price / SF$856.39
Days on Market31
Property Features for 301 COVERT Street 3E
General Information
Standard status
Active
Size
759 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$11,928
Building Details
Building Size
759 SF
Year Built
2019
Listing Agency:
Serhant
Listed By:
Starr B Densford
(719) 671-3523
Source:
Howardhannanyc
Added: Sep 9
Changed: Oct 8
Last Checked: Oct 7 at 4:03PM
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 Serhant
Investment Insights
Based on property information with market context.
Residence 3E is a 759sf one-bedroom condo within a 19-unit elevator building. The layout includes an open living and dining area, hardwood floors, natural light from north and south exposures, and a private balcony. The kitchen is equipped with a Bertazzoni gas range, stainless steel appliances, and a dishwasher. An in-unit washer/dryer and ample bedroom closet space add practical functionality, while a covered parking space is included with the sale.
Building amenities include a fitness center, furnished roof deck, and additional storage. The property is located at 301 Covert Street in Brooklyn, with the Halsey Street L train a few blocks away and restaurants, cafés, and nightlife nearby.
Building amenities include a fitness center, furnished roof deck, and additional storage. The property is located at 301 Covert Street in Brooklyn, with the Halsey Street L train a few blocks away and restaurants, cafés, and nightlife nearby.
Key Highlights
- 759sf one‑bedroom residence with north and south exposures
- Private balcony extends the living area
- Covered parking space included with the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,171
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$463,420
$463.4K
Cap Rate 7%
$331,014
$331.0K
Cap Rate 9%
$257,456
$257.5K
Market Conditions
NOI Build-Up for 759 SF
Gross rent
$43.0K $56.64/SF
− Vacancy
−$860 −$1.13/SF
EGI
$42.1K $55.51/SF
− OpEx
−$19.0K −$24.98/SF
NOI
$23.2K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$463,420
Cap Rate 7%
$331,014
Cap Rate 9%
$257,456
Alternative Uses
Best Use
Apartment 5plus
$331.0K
$289.6K – $386.2K
NOI $23,171 @ 7.0% cap · market cap 3.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$628.5K
$549.9K – $733.2K
NOI $43,992 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,794
Businesses Nearby
Explore this area
Business Placement
Demographics for 11237, NY
49,418
Population
18,801
Households
2.6
Avg Household Size
31
Median Age
41%
College-Educated
76%
High-School Grad
1.0 sq mi
ZIP Area
49,418
Density / Sq Mi
$82,570
Median Household Income
$43,421
Median Earnings
$2,109
Median Rent
$1,063,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Condo residence with private outdoor space, covered parking, and access to shared building amenities.
Where is this residential income property located?
The property is located at 301 COVERT Street 3E Brooklyn, NY.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 759sf one‑bedroom residence with north and south exposures; Private balcony extends the living area; Covered parking space included with the sale
