116 Covert St, Brooklyn, NY 11207

1 bd · 1 ba · built 2016 · Brooklyn · CONDOS·source listing ↗

$529,000

$749,000 first listed

seller intel

Price cut

−29.4%

from $749,000

Motivation score

50/100

OnePercent model (vv1)$3,577/mo

p10–p90 confidence band

HUD Fair Market Rent · 11207 · 1BR$2,340/mo

Area comps median (last 90d)—

FMR from HUD SAFMR FY2026. Never a naked estimate.

County

Kings

Flood risk indexRelatively Low FEMA NRI

Median household income$56,523

Median area rent$1,482/mo

Median home value$656,600

the verdict

0.68%vs 0.8% target

financing: 20% down · — (FRED, live) · 30yr

$529,000

0.68% · rent $3,577

Intrinsic value · income approach

$757,934

30% below intrinsic value

Value = net operating income ÷ market cap rate. Not investment advice.

Ten-year owner return

Equity multiple, per-year cash flow, and appreciation modeling are a Pro feature.