Co-Listed With The Golan Team at Compass
Discover Modern Bushwick Luxury in this 2-Family TH w/Income-Generating Potential
Stunning finishes and abundant outdoor space define this gut-renovated two-family townhome nestled on a quiet tree-lined street in trendy Bushwick.
Comprised of a 3-bedroom, 2. 5-bathroom owner's duplex and a 2-bedroom, 1-bathroom garden unit, 166 Covert Street offers tantalizing possibilities for those seeking a primary residence, an income-generating live-and-rent property, or a whole-home investment.
Residents are welcomed by a gated front patio and contemporary stucco fa ade. The owner's duplex begins with a discreet entry vestibule that reveals a floor-through open-plan living room, dining room, and kitchen flowing out to a huge deck with access to the backyard. Both outdoor spaces are perfect for grilling, alfresco dining, and more.
The kitchen boasts an eat-in island, custom European cabinetry, sleek quartz countertops, and high-end stainless steel appliances. One level up is a trio of bright bedrooms and a laundry closet with a stacked washer and dryer. The primary suite has two closets and a stylish en-suite bathroom with a walk-in shower. The second and third bedrooms have deep closets and share a pristine second bathroom. Completing the duplex is an expansive rooftop deck with open neighborhood views.
The garden rental has a private entrance and open-plan living room, dining room, and kitchen. The kitchen has an eat-in peninsula and similar finishes, while the bedrooms have reach-in closets and easy access to a full bathroom with a deep tub. One of the bedrooms has direct access to the massive backyard.
Additional features include beautiful hardwood floors, central heating and cooling, tall sash windows, and a finished cellar with a storage closet and powder room.
166 Covert Street is seconds from Irving Square Park and numerous restaurants, bars, and cafes, including Caffeine Underground, Purgatory, Father Knows Best, Witching Hour, xoco-latte, Evil Twin Brewing, and Caf Pri. There are several grocery stores nearby, and accessible subway lines include the L and J.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,750,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,400,000 | $1,400,000 | $1,400,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,840 | $8,620 | $11,626 |
Total Monthly Payment | $7,965 | $8,745 | $11,751 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.