51 Driggs Ave - Apartments FOR SALE


Brooklyn, NY 11222- Greenpoint
$2,450,000 USD
212-658-0979
51 Driggs Ave, Brooklyn, NY for Sale
$2,450,000 USD
Apartments - FOR SALE
1/1
null | 7.3% Cap Rate

51 Driggs Ave
Brooklyn, NY 11222
Greenpoint


HIGHLIGHTS

  • Boutique Residential Asset: An intimately scaled building featuring six well-appointed apartments.
  • Turnkey Asset Quality: Impeccably maintained property featuring 4 out of 6 units fully gut-renovated, significantly reducing immediate CapEx
  • High-Demand In-Unit Amenities: All Free Market units feature in-unit washers and dryers alongside modern residential upgrades to drive premium market
  • Optimized Utility Costs: 3 of 6 tenants pay their own heat and hot water directly.
  • Prime Greenpoint Location: Ideally situated in one of Brooklyn's most desirable neighborhoods, steps away from premier shopping, dining

OVERVIEW

51 Driggs Avenue presents an opportunity to acquire a six-unit multifamily asset in the Greenpoint neighborhood of Brooklyn, one of New York City's most established residential markets. The property consists of a mix of free-market and rent-stabilized apartments, offering a combination of current income and long-term asset positioning. Recent capital improvements and renovated residential units help support operational efficiency while reducing near-term improvement requirements. The property benefits from its location along Driggs Avenue, within close proximity to McGolrick Park and the neighborhood's collection of restaurants, cafés, neighborhood retail, and community amenities. Greenpoint continues to attract residents seeking access to both neighborhood-oriented conveniences and the broader employment centers of Brooklyn and Manhattan. Nearby transit connections provide access throughout New York City, while the surrounding residential density supports sustained housing demand. Several units have undergone substantial renovations, including updated building systems and modern interior finishes. The combination of renovated apartments, existing tenancy, and a well-maintained building profile creates an investment opportunity suited for buyers seeking stable multifamily ownership in a supply-constrained Brooklyn submarket. The property's scale allows for hands-on management while benefiting from the strong residential fundamentals that have contributed to Greenpoint's continued desirability among renters and investors.

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$500 USD /SF

# OF UNITS

6

PRICE/UNIT

$408,333

CAP RATE

7.3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime Greenpoint Multifamily | 6 Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,500 SF

ZONING

R6B

APN/PARCEL ID

02706-0014

ASK ABOUT THIS PROPERTY

Lev MavashevAlpha RealtyMore Info
212-658-0979

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Lev MavashevAlpha RealtyMore Info
212-658-0979

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.