556 Driggs AVE Brooklyn, NY 11211
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 995304
Bedrooms 4
Full Baths 4
Rental Info No
Year Built 1910
Annual Tax Amount $10,392
Lot Size 2,500 Sqft
Acres 0.0574
Lot Dimensions 25 x 100 ft
Property Sub-Type Quadruplex
Source onekey2
Property Description
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.
Location
State NY
County Kings (brooklyn)
Rooms
Basement Full
Interior
Interior Features High Ceilings, Storage
Heating Natural Gas
Cooling Wall/Window Unit(s)
Flooring Hardwood
Fireplace No
Exterior
Parking Features On Street
Utilities Available Electricity Available, Natural Gas Available, Water Available
Garage false
Private Pool No
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Ps 17 Henry D Woodworth
Middle Schools Conselyea Prep School
High Schools Brooklyn 14
School District Brooklyn 14
Others
Senior Community No
Special Listing Condition None
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