NOT LISTED FOR SALE

Estimated Value: $1,263,000 - $1,638,000

5 Beds
3.5 Baths
2,508 Sq Ft
$564/Sq Ft Est. Value

Last Sold June 02, 2023

Last sale price $1,550,000 $618 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $7,751/month

61 Days on Market

Highlights

  • Pre War Building
  • Patio
  • 2-minute walk to Tiger Playground
  • Building Patio
  • Garden

About This Home

As of June 2023

Move-ready interiors, gorgeous outdoor space and exceptional updates await you at 124 Covert, a stunning two-family home in the heart of Bushwick. Configured with a sun-splashed three-bedroom, two-and-a-half-bathroom duplex and a two-bedroom, one-bathroom garden unit, this beautifully maintained and loved home is an ideal find for investors, multigenerational households or homebuyers seeking rental income. The expansive duplex welcomes you inside with a sunny open floor plan perfect for lively entertaining or cozy relaxation. Stretch out in the large living room surrounded by huge west-facing casement windows, high ceilings, hardwood floors, painted brick and a decorative fireplace flanked by shelving. Ahead, the chef's kitchen impresses with abundant cabinetry, a large pantry and stainless steel appliances, including a gas range, French door refrigerator and new Miele dishwasher. Enjoy casual meals at the center island breakfast bar/island, plan your next dinner party in the adjacent dining area or dine al fresco on the deck overlooking the lovely patio garden below. A convenient coat closet and powder room complete the main level. Upstairs, discover a king-sized owner's suite with a roomy closet, a built-in bookshelf and an en suite bathroom featuring a large tub/shower and gleaming subway and marble basketweave tile. Two more bedrooms on this level enjoy garden views, a closet with an updated Ikea shelving system and easy access to a full hall bathroom with a new medicine cabinet. A large utility room with an in-unit washer-dryer makes laundry day a breeze. In the charming garden unit, a large living room with the original restored brick fireplace flows to an open kitchen with stainless steel appliances, including a new dishwasher and refrigerator. Two bedrooms look out to the garden, and the full bath boasts an updated vanity and sink. The building's extensive recent upgrades include RockWool fire and soundproof insulation and QuietRock soundproofing drywall, fire retardant spray foam, a new vapor barrier, separate HVAC forced air systems for each unit, Nest thermostats, plumbing stack upgrade for roof exhaust, new Panasonic bathroom exhaust fans, new 12-year Rheem water heater, fireplaces sealed and painted with DryLok waterproof paint, new CB2 mailboxes, a Nest doorbell for the duplex, plus French drain, sump pump and storm drain hatch updates. A large front garden adds wonderful curb appeal to this inviting Brooklyn sanctuary. Located on a tree-lined residential street where Bushwick meets Bedford Stuyvesant, this exceptional home is surrounded by some of Brooklyn's best venues for art, shopping, dining and nightlife. Massive Highland Park and Ridgewood Reservoir are less than a mile away, offering gorgeous views, picnic areas and recreation. Transportation from this vibrant neighborhood is effortless thanks to J/Z, L and A/C trains, excellent bus service and CitiBikes within easy reach.

Last Agent to Sell the Property

Kyle Lewis

Compass License #10401300080 Listed on: 01/26/2023

Compass

Co-Listed By

Paula Manna

Compass License #10301218393

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • Lot Dimensions are 18.0 x 100.0
  • Garden

Home Design

  • Pre War Building

Interior Spaces

  • 2,508 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms

Outdoor Features

  • Patio

Community Details

  • Bushwick Subdivision
  • Building Patio

Listing and Financial Details

  • Legal Lot and Block 21 / 3422

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Cross Street: Evergreen Avenue/Central Avenue
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Bushwick
  • Architectural Style: Prewar
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Living Area: 2508.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bathrooms Integer: 4
  • Bedrooms: 5

Exterior Features

  • Exterior Features: Garden
  • Patio/Porch Features: Building Patio, Patio

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 18.0 x 100.0

Building Info

  • Total Stories: 3
  • Year Built: 1920

Tax Info

  • Tax Block: 3422
  • Tax Lot: 21

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2023
Closed on
May 22, 2023
Sold by
Bhagat Gandharv and Wilson Gillian
Bought by
Shkolnik Alexy
Seller's Agent
Kyle Lewis
Compass
List Price
$1,550,000
Sold Price
$1,550,000
Views
81
Current Estimated Value
$1,415,060

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$134,940
Avg. Annual Appreciation
-3.29%
Original Mortgage
$1,373,625
Outstanding Balance
$1,332,478
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$82,582

Purchase Details

Listed on
Jul 14, 2020
Closed on
Oct 16, 2020
Sold by
Anderson Ramirez Emily and Ramirez Rafael L
Bought by
Bhagat Gandharv and Wilson Gillian
Seller's Agent
Paul Hyun
Compass
List Price
$1,250,000
Sold Price
$1,250,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.52%
Original Mortgage
$1,000,000
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 28, 2015
Sold by
Hatzor Inc
Bought by
Anderson Ramirez Emily and Ramirez Rafael L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$716,000
Interest Rate
3.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 24, 2014
Sold by
El-Mann Jack
Bought by
Hatzor Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
4.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 28, 1997
Sold by
Idlett Toni and Household Finance Realty Corp New York
Bought by
El Mann Jack

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,550
Interest Rate
7.83%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Shkolnik Alexy $1,500,000 --
Bhagat Gandharv $1,250,000 --
Anderson Ramirez Emily $895,000 --
Hatzor Inc $170,000 --
El-Mann Jack -- --
El Mann Jack $129,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shkolnik Alexy $1,373,625
Previous Owner Bhagat Gandharv $1,000,000
Previous Owner Anderson Ramirez Emily $716,000
Previous Owner Hatzor Inc $275,000
Previous Owner El Mann Jack $116,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/02/2023 06/02/23 Sold $1,550,000 0.0% $618 / Sq Ft
03/30/2023 03/30/23 Pending -- -- --
01/27/2023 01/27/23 For Sale $1,550,000 0.0% $618 / Sq Ft
01/26/2023 01/26/23 Off Market $1,550,000 -- --
10/16/2020 10/16/20 Sold $1,250,000 0.0% $498 / Sq Ft View Prior Sale
08/12/2020 08/12/20 Pending -- -- --
09/19/2014 09/19/14 For Sale $1,250,000 -- $498 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,900 $94,200 $11,580 $82,620
2024 $2,900 $90,060 $11,580 $78,480
2023 $2,772 $82,680 $11,580 $71,100
2022 $2,574 $77,700 $11,580 $66,120
2021 $2,564 $67,140 $11,580 $55,560
2020 $1,274 $56,100 $11,580 $44,520
2019 $2,517 $54,120 $11,580 $42,540
2018 $2,318 $11,373 $2,310 $9,063
2017 $2,191 $10,747 $2,346 $8,401
2016 $2,029 $10,152 $2,991 $7,161
2015 $1,223 $10,152 $3,370 $6,782
2014 $1,223 $10,026 $3,261 $6,765
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10852213

Real Estate Board of New York (REBNY)

APN: 03422-0021

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