--- title: "116 Covert Street #3B, New York City, NY 11207" description: "116 Covert Street #3B, New York City, NY 11207 — Bushwick, New York City, NY. Listing Price $529,000. 1 bed, 1 bath Illustrative Buyer Commission Share of $7,935 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11207/116-covert-street-3b-ny-11207" source: "Real Estate Rebate Team" status: "Active" --- # 116 Covert Street #3B, New York City, NY 11207 Bushwick, New York City, NY Courtesy of Compass ## At a Glance - **Listing Price**: $529,000 - **Beds**: 1 - **Baths**: 1 - **Common Charges**: $535 / mo - **Monthly Taxes**: $670 / mo - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $529,000 - **Illustrative Buyer Commission Share**: -$7,935* - **Illustrative Net Cost**: $521,065 *Illustrative Buyer Savings of $7,935 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (6) ![116 Covert Street #3B, New York City, NY 11207 — photo 1 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f3388ee6-e72e-4c6d-abb0-dfdda86108e7.jpg) ![116 Covert Street #3B, New York City, NY 11207 — photo 2 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/60d462b8-85cf-4e9f-a104-f34af1c0cfac.jpg) ![116 Covert Street #3B, New York City, NY 11207 — photo 3 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/18814a7d-db5a-4117-9ece-0fb13ba7debb.jpg) ![116 Covert Street #3B, New York City, NY 11207 — photo 4 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1f31e39a-ea47-4b9b-a3b3-70782c5c9d06.jpg) ![116 Covert Street #3B, New York City, NY 11207 — photo 5 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/7a8ad8ae-397b-4283-8b64-8bb5b045d954.jpg) ![116 Covert Street #3B, New York City, NY 11207 — photo 6 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/04a8f9ae-2e48-40cc-a99b-87e072d5d922.webp) ## Property Overview Modern Condo Living with Private Outdoor Space in the Heart of Bushwick. Flooded with natural light and tucked away at the rear of the building for exceptional peace and privacy, this loft-inspired one-bedroom condominium offers the perfect blend of modern design, smart functionality, and everyday comfort. The open-concept living and dining area is anchored by a beautifully upgraded chef's kitchen featuring stainless steel appliances, abundant cabinetry, and a custom-built peninsula that provides additional storage, generous prep space, and casual seating—ideal for entertaining or working from home. Just off the living room, nearly 100 square feet of private outdoor space creates a true extension of the home, offering the perfect setting for morning coffee, outdoor dining, or relaxing after a busy day. The spacious bedroom easily accommodates a king-size bed while oversized windows fill the room with natural light. Double closets provide excellent storage, a rare luxury in Brooklyn. Additional highlights include: Central heating and air conditioning Wide-plank 5" red oak hardwood floors Floor-to-ceiling windows In-unit washer and dryer Low-maintenance condominium living Completed in 2016, 116 Covert Street Condominium is a boutique nine-residence elevator building offering amenities typically found in larger developments, including a fitness center and a shared rooftop terrace with skyline views. Perfectly positioned near both the Wilson Avenue L and Halsey Street J trains, the location provides easy access to Williamsburg, Downtown Brooklyn, and Manhattan while placing you in one of Brooklyn's most vibrant neighborhoods, surrounded by acclaimed restaurants, cafés, breweries, parks, and local boutiques. Whether you're searching for your first Brooklyn home or looking to add a strong long-term asset to your investment portfolio, this move-in-ready condominium offers the combination of location, lifestyle, and modern conveniences that today's buyers are looking for. ## Property Details - **Property Type**: Condominium - **Beds**: 1 - **Baths**: 1 - **Rooms**: 3 - **Stories**: 1 - **Year Built**: 2016 - **Common Charges**: $535 / Monthly - **Monthly Taxes**: $670 / mo - **Listed On**: Jul 17, 2026 - **Days on Market**: 51 Days ### Residence Features - Central - In Unit - See Remarks - Balcony - Private Outdoor Space Over 60 Sqft - His and Hers Closets - Stainless Steel Appliance(s) - Hardwood - City ## Sales Evidence ### Recent closed sales 3 apartments at 116 COVERT Street have recorded sales since September 2021, the most recent for $1,870,000 in May 2024. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source | | --- | --- | --- | --- | --- | --- | --- | | Entire property (Multi Family) | 5 | 2,820 | $1,870,000 | $663/ft² | May 15, 2024 | MLS | | 3A (Apartment) | 2 | — | $730,000 | — | February 2, 2024 | City record · MLS | | 2A (Apartment) | 2 | 740 | $720,000 | $973/ft² | May 11, 2022 | City record · MLS | Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below. ### How this price compares The median closed price for comparable condo one-bedroom sales in Bushwick is $590,000, based on 27 sales between January 2025 and June 2026. This home is asking $529,000, $61,000 below that median. The middle half of those sales closed between $547,500 and $665,886. - **Median closed price**: $590,000 - **Middle half**: $547,500 – $665,886 - **Based on**: 27 condo one-bedroom sales in Bushwick - **Period**: January 2025 – June 2026 - **Median $/ft²**: $1,050/ft² Across the 23 of these sales with a published asking price, the median closed at 100% of what it originally asked. 48% of them closed below the original ask. This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Bushwick instead. ### How these sales were negotiated - **Sold vs original ask**: 100% of the original ask - **Closed below ask**: 48% of 23 sales - **Listed → in contract**: 40 days (about 6 weeks) - **In contract → closed**: 69 days (about 10 weeks) Across the 23 of these sales with a published asking price, the median closed at 100% of what it originally asked. 48% of them closed below the original ask. Half of these homes were in contract within 40 days (about 6 weeks) of coming to market, based on the 24 with a recorded listing date. Once a deal was agreed, closing took a further 69 days (about 10 weeks), based on the 21 with both dates recorded. These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure. Based on 27 condo one-bedroom sales in Bushwick, January 2025 – June 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ. ### Price trend Median sold price for condo and house one-bedroom sales in Bushwick, 2018 to 2026. The series is held to one bedroom count and one ownership type for the same reason: an unfiltered median tracks which apartments sold, not what they were worth. | Year | Median sold price | Sales | | --- | --- | --- | | 2018 | $503,958 | 18 | | 2021 | $545,000 | 19 | | 2022 | $617,500 | 12 | | 2023 | $612,233 | 10 | | 2025 | $566,250 | 12 | | 2026 | $640,000 | 18 | This building does not have enough sales with a recorded floor area to chart its own price per square foot, which is usual for a co-op. The series above follows comparable homes across Bushwick instead. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. [See every recorded sale at 116 COVERT Street](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/116-covert-street) ## Property Tax History Taxes at 116 Covert Street #3B were $8,084 in 2026. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $93,497 | $9,069 | $84,428 | $64,671 | $8,084 | 12.5% (estimated) | | 2025 (FY 2025/26) | $77,927 | $9,069 | $68,858 | $64,671 | $8,084 | 12.5% (estimated) | | 2024 (FY 2024/25) | $64,927 | $9,069 | $55,858 | $62,667 | $7,833 | 12.5% | | 2023 (FY 2023/24) | $63,291 | $9,069 | $54,222 | $58,025 | $7,254 | 12.502% | | 2022 (FY 2022/23) | $62,203 | $9,070 | $53,133 | $53,727 | $6,591 | 12.267% | | 2021 (FY 2021/22) | $49,747 | $9,070 | $40,677 | $49,747 | $6,087 | 12.235% | | 2020 (FY 2020/21) | $54,612 | $9,070 | $45,542 | $54,612 | $6,699 | 12.267% | | 2019 (FY 2019/20) | $59,571 | $9,070 | $50,501 | $59,571 | $7,430 | 12.473% | | 2018 (FY 2018/19) | $68,052 | — | — | $68,052 | $8,583 | 12.612% | | 2017 (FY 2017/18) | $31,727 | — | — | $31,727 | $4,035 | 12.719% | The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one. Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls. Figures are the New York City Department of Finance assessment roll for tax lot 3034221006. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change. [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 116 COVERT Street 116 COVERT Street, Brooklyn, NY 11207 A building in the neighborhood, currently featuring 2 active listings. - **Year Built**: 2016 - **Total Units**: 2 - **Floors**: 1 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/116-covert-street) ### Available Residences — For Sale (2) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [3B](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11207/116-covert-street-3b-ny-11207) | 1 | 1 | — | — | $529,000 | Compass | Jul 17, 2026 | 51 days | | [4A](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11207/116-covert-street-a-4A-ny-11207) | 2 | 2 | — | — | $699,000 (-6.7%) | Serhant | May 27, 2026 | 102 days | ## Estimated Monthly Payment **$3,880 / month**, assuming a 20% down payment ($105,800), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $2,675 - **Property Taxes**: $670 - **Common Charges**: $535 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Bushwick Overview of Bushwick [Explore Bushwick](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/bushwick) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Bushwick - [Ridgewood real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/ridgewood) - [Williamsburg real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/williamsburg) - [Crown Heights real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/crown-heights) - [Glendale real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/glendale) - [Cypress Hills real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/cypress-hills) ## Related Links - [116 COVERT Street — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/116-covert-street) - [Bushwick neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/bushwick) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.