NY
Kings (Brooklyn)
Brooklyn
11211
556 Driggs Avenue
556 Driggs Avenue, Brooklyn, NY 11211
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Listing Type
Multi Family
Listing Status
Active
3
$4,899,000

Home Details for 556 Driggs Avenue

Price
$4,899,000
Type
Residential Income
Bedrooms
4
Total Bathrooms
4
Full Bathrooms
4
Year built
1910
Lot size acres
0.0574
County
Kings (Brooklyn)
Basement
Full
MLS Listing#
995304
Property Description

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.

Property Features
  • Utilities
    • Natural Gas Available
    • Electricity Available
    • Water Available
  • House Interior
    • High Ceilings
    • Storage
  • Cooling Information
    • Wall/Window Unit(s)
  • Heating Information
    • Natural Gas
  • Water Features
    • Public
  • Parking
    • On Street
  • Basement
    • Full
School Information
School Information for 556 Driggs Avenue, Brooklyn, NY 11211
Elementary School
Ps 17 Henry D Woodworth
Middle School
Conselyea Prep School
High School
Williamsburg High School For Architecture And Des
Listing Courtesy: Capri Jet Realty Corp - 718-388-2188
Presented by: Robert Napolitano
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EXIT REALTY DKC
3825 East Tremont Ave, Bronx, NY 10465
Justin Simmons
Associate Broker
Office
718 676 1371
Agent
917 254 2103
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