556 Driggs Ave - Apartments FOR SALE


Brooklyn, NY 11211- Williamsburg
$4,899,000 USD
347-450-3577
556 Driggs Ave, Brooklyn, NY for Sale
$4,899,000 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

556 Driggs Ave
Brooklyn, NY 11211
Williamsburg


HIGHLIGHTS

  • Value-Add Corner Brick Mixed-Use 4 Family w/ Store in Prime Williamsburg!
  • 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
  • Right next to Bedford Ave L train station

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,899,000 USD

PRICE/SF

$1,361 USD /SF

# OF UNITS

4

PRICE/UNIT

$1,224,750

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,500 SF

ZONING

R6B

APN/PARCEL ID

02328-0018

ASK ABOUT THIS PROPERTY

Robert NapolitanoCapri Jet RealtyMore Info
347-450-3577

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Robert NapolitanoCapri Jet RealtyMore Info
347-450-3577

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