Log In/Sign Up
Your email has been sent.
556 Driggs Ave 4 Unit Apartment Building $4,899,000 ($1,224,750/Unit) Brooklyn, NY 11211
Investment Highlights
- Value-Add Corner Brick Mixed-Use 4 Family w/ Store in Prime Williamsburg!
- One commercial space with strong street presence
- Significant upside through renovation and repositioning
- Four 1-bedroom residential units (in need of renovation)
- Ideal for developers or value-add investors
- Right next to Bedford Ave L train station
Executive Summary
Value-Add Corner Brick Mixed-Use 4 Family w/ Store in Prime Williamsburg!
Unlock the full potential of this mixed-use property at 556 Driggs Avenue, ideally suited for developers and investors seeking a high-upside renovation project. This building currently consists of four one-bedroom residential units and one ground-floor commercial space, offering a strong foundation for repositioning or redevelopment.
The property requires a comprehensive renovation, presenting a blank canvas for those looking to modernize, reconfigure, or maximize income potential. With the right vision and upgrades, the existing layout can be transformed into a highly desirable asset in a competitive market.
Each residential unit offers the opportunity to be redesigned to meet today’s tenant expectations, while the commercial space benefits from excellent street frontage and visibility—ideal for attracting retail or boutique business tenants post-renovation.
Positioned in a high-demand area, 556 Driggs Avenue is best suited for experienced developers or value-add investors ready to capitalize on the property's untapped potential. Whether you’re looking to renovate and hold for long-term cash flow or reposition for resale, this is a rare chance to create significant value.
Highlights:
- Four 1-bedroom residential units (in need of renovation)
- One commercial space with strong street presence
- Ideal for developers or value-add investors
- Significant upside through renovation and repositioning
- Located in a high-demand, high-growth area: right next to Bedford Ave L train station
- Corner location, the intersection of N 7th St and Driggs Ave
Bld: 25 ft x 100 ft
Lot: 25 ft x 100 ft
Zoning: R6B
FAR: 2; Max FAR: 2
Taxes: $10,392/Yr
Seize the opportunity to transform this property into a standout investment.
Call TODAY for More Details!
Robert Napolitano 917-225-7584
Capri Jet Realty 718-388-2188
*Disclaimer: All Information provided is deemed reliable but is not guaranteed and should be independently verified.
Unlock the full potential of this mixed-use property at 556 Driggs Avenue, ideally suited for developers and investors seeking a high-upside renovation project. This building currently consists of four one-bedroom residential units and one ground-floor commercial space, offering a strong foundation for repositioning or redevelopment.
The property requires a comprehensive renovation, presenting a blank canvas for those looking to modernize, reconfigure, or maximize income potential. With the right vision and upgrades, the existing layout can be transformed into a highly desirable asset in a competitive market.
Each residential unit offers the opportunity to be redesigned to meet today’s tenant expectations, while the commercial space benefits from excellent street frontage and visibility—ideal for attracting retail or boutique business tenants post-renovation.
Positioned in a high-demand area, 556 Driggs Avenue is best suited for experienced developers or value-add investors ready to capitalize on the property's untapped potential. Whether you’re looking to renovate and hold for long-term cash flow or reposition for resale, this is a rare chance to create significant value.
Highlights:
- Four 1-bedroom residential units (in need of renovation)
- One commercial space with strong street presence
- Ideal for developers or value-add investors
- Significant upside through renovation and repositioning
- Located in a high-demand, high-growth area: right next to Bedford Ave L train station
- Corner location, the intersection of N 7th St and Driggs Ave
Bld: 25 ft x 100 ft
Lot: 25 ft x 100 ft
Zoning: R6B
FAR: 2; Max FAR: 2
Taxes: $10,392/Yr
Seize the opportunity to transform this property into a standout investment.
Call TODAY for More Details!
Robert Napolitano 917-225-7584
Capri Jet Realty 718-388-2188
*Disclaimer: All Information provided is deemed reliable but is not guaranteed and should be independently verified.
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Heating
Site Amenities
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 02328-0018 | Improvements Assessment | $1,168,650 |
| Land Assessment | $208,800 | Total Assessment | $1,377,450 |
Property Taxes
Parcel Number
02328-0018
Land Assessment
$208,800
Improvements Assessment
$1,168,650
Total Assessment
$1,377,450
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
556 Driggs Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.