57 Driggs Ave
Brooklyn, NY 11222
Retail Property For Sale

All viewings will be done through FaceTime or Zoom as a precautionary measure. For more viewings please visit our Youtube Channel @Caprijettheo - - - - -- - - - - -- - - - - - - - - - -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -- - - - - - - - - - - - - - 57 Driggs Ave, Brooklyn NY 11222 Mixed-use 4 Family Corner Building in Prime Greenpoint! Asking Price $3,800,000 ***Or buy 2 Buildings (55 & 57 Driggs Ave for $6.7M). Call for details*** 4 Family mixed use corner building offered for sale in sprawling Greenpoint, Brooklyn. This solid 3 story corner GEM offers 4000 residential SF, 2500 SF of retail space and a semi finished 1750 SF basement. This is a legal 4 family with store. Income: Store: Vacant (projected rent $10,000/mo) Apt 2R 2 Bed 2 Bath - $3200 Apt 2F 1 Bed 1 Bath - $2200 Apt 3R 2 Bed 2 Bath - $4000 Apt 3F 1 bed 1 Bath - $2000 = $11,400/ mo *All apartments have been renovated.* **Building can be delivered vacant.** Expenses (Yr.): Taxes: $16,000 Insurance: $3000 Electric: $600 Heat & Water: Tenants pay all utilities. Each unit has it’s own boiler and furnace. Projected NOI: $237,200K Retail per SF rents around $35 - $50 per foot Larger than one thinks, Greenpoint is actually three or four different neighborhoods, all of which have distinct differences and commonalities. Near McCarren Park, the professional quotient runs high. So do the new restaurants, outdoor cafes, and bars. Closer to the water, new developments take over. But so does chic retail. All along Franklin Street, eateries draw artists, writers, and musicians as well as many of the architects and graphic designers who call the Greenpoint home. Clothing and furniture boutiques are most prevalent here. High-tech companies are coming to the waterfront, purchasing or renting former industrial warehouses for their New York or global headquarters. The ferry shuttles residents back and forth from Manhattan and up and down the East River. This is a GREAT INVESTMENT! Call TODAY to schedule a viewing! Theo 718-536-7787