APP Real Estate
For sale

📍 556 Driggs AVE, Brooklyn, NY 11211, New York, USA

4 Bedroom Home for Sale in Brooklyn - New York - USA

$4,899,000

Overview
  • Bedrooms: 4
  • Bathrooms: 4
  • Price: $4,899,000
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Description

Value-Add Opportunity:

4-Family Brick Corner Mixed-Use Building with Storefront in Prime Williamsburg!

Unlock the full potential of this mixed-use property at 556 Driggs Avenue, ideal for developers and investors seeking a high-upside renovation project. This building currently comprises four one-bedroom residential units and a ground-floor commercial space, offering a solid 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 current tenant expectations, while the commercial space benefits from excellent street frontage and visibility – perfect 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 (require renovation)
  • One commercial space with strong street presence
  • Ideal for developers or value-add investors
  • Significant upside potential through renovation and repositioning
  • Located in a high-demand, high-growth area: steps from the L Bedford Ave subway station
  • Corner location, at the intersection of N 7th St and Driggs Ave

Building:

25 ft x 100 ft (approx. 2,500 sq ft)

Lot:

25 ft x 100 ft (approx. 2,500 sq ft)

Zoning:

R6B

FAR:

2; Max FAR: 2

Taxes:

$10,392/Year

Seize the opportunity to transform this property into a standout investment.

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