116 Covert Street
About this property
Welcome to this bright and spacious two-bedroom, two-bathroom luxury condo in the heart of Bushwick. Located in a well-managed, amenity-rich building, this home features a contemporary galley kitchen with abundant cabinets, an eat-in island, and large windows that bring in beautiful natural sunlight. The layout offers hardwood floors throughout, central air with Nest climate control, and generous storage space. The primary bedroom includes its own en-suite bathroom with a deep-soaking tub and custom vanity, while the second full bathroom adds everyday convenience. Residents also enjoy access to a private fitness room and secure building amenities. Perfectly situated near the L, J, and Z subway lines, this location puts you moments away from Bushwick’s vibrant cafes, boutiques, art spaces, and community-driven culture. **This is a short sale and is subject to third-party approval.**
Listing details
- Property Type
- Residential
- Sub-Type
- Condominium
- Year Built
- 2015
- Living Area
- 737 sqft
- Lot Size
- 3,600 sqft
- County
- Kings (Brooklyn)
- MLS #
- KEY937103
- Status
- Pending
Street view & aerial
Imagery © Google. Street View and satellite data may not reflect current property condition.
FMR for Brooklyn, NY 11210
FY2025 · Nassau-Suffolk HUD Metro FMR Area
All bedroom sizes — ZIP 11210
| Unit Size | Monthly FMR | Annual Gross |
|---|---|---|
| Studio | $1,900 | $22,800 |
| 1 Bedroom | $2,156 | $25,872 |
| 2 BedroomSubject | $2,640 | $31,680 |
| 3 Bedroom | $3,324 | $39,888 |
| 4 Bedroom | $3,683 | $44,196 |
Source: U.S. Department of Housing & Urban Development — Nassau-Suffolk HUD Metro FMR Area, FY2025. FMR represents the 40th-percentile gross rent under the Section 8 Housing Choice Voucher program. Market rents in stable Long Island submarkets typically run 110–130% of FMR.
Mortgage calculator
Principal & interest plus taxes, insurance, and HOA. Edit any field below.
Estimate only — actual payment depends on credit, loan program, escrow, PMI/MIP, and lender fees. Not a loan offer or commitment.
Where this property sits in the foreclosure process
New York is a judicial-foreclosure state. The full process typically runs 2.5–4+ years from first missed payment to recorded deed.
- Day 0 – Day 90Pre-foreclosure (RPAPL §1304 notice)
Lender sends the 90-day pre-foreclosure notice required by NY RPAPL §1304. Homeowners may request a workout, modification, or short sale during this window.
- Month 4 – Month 6Lis pendens & summons filed
Lender files a lis pendens and complaint in Nassau or Suffolk Supreme Court. Homeowner has 20–30 days to answer (or 60 if served outside NY).
- Month 6 – Month 18+Mandatory CPLR §3408 settlement conference
NY requires a settlement conference where various resolution paths — such as a repayment plan, deed in lieu, or short sale — may be discussed.
- Month 18 – Month 36+Judgment of foreclosure & sale
If unresolved, the court issues a Judgment of Foreclosure and Sale. A referee is appointed and an auction date is set (usually 60–90 days out).
- Month 24 – Month 48+Auction & post-sale eviction
Property is auctioned on the courthouse steps. After the deed transfers, the new owner must commence a separate RPAPL Article 7 holdover proceeding to recover possession.
Ask a question about this home
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Questions about this listing
Is 116 Covert Street in Brooklyn still available?
Inventory changes daily. 116 Covert Street is currently listed as Pending in OneKey® MLS. Contact East End Luxury Ltd. at (516) 449-2783 for the most up-to-date status, including any pending offers, auction date, or short-sale lender response.
Can I tour a foreclosure or short sale on Long Island?
Yes. Most distressed properties on Long Island, the Hamptons, and East End are available for showings by appointment. We coordinate access with the listing brokerage, asset manager, or seller's attorney and can typically schedule a tour within 24–72 hours.
How do offers work on a short sale or REO listing?
Short sales require lender approval and typically take 60–120 days from accepted offer to closing. REO/bank-owned listings follow asset-manager addenda and usually close in 30–45 days. Cash offers and pre-approved buyers receive priority. We guide you through every step.
Listings courtesy of OneKey® MLS as distributed by MLS GRID.
Listing last updated: 06/22/2026, 08:36 AM ET
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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