BEDS4
BATHS4 full
MLS#995304
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
SCHOOLBrooklyn 14
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 ftLot: 25 ft x 100 ftZoning: R6BFAR: 2; Max FAR: 2Taxes: $10,392/YrSeize the opportunity to transform this property into a standout investment.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Cooling: Wall/Window Unit(s)
Heating: Natural Gas
Lot Size: 0.06 Acres
Taxes: $10,392
Year Built: 1910
Amenities
High Ceilings
Storage
Feature Descriptions
Building Area Total: 5000
Days on Site: 35
Exterior: Brick
Flooring: Hardwood
Lot Dimensions: 25 x 100 ft
On Market Date: 2026-05-05
Parcel Number: 02328-0018
Parking Features: On Street
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Units: 5
Utilities: Electricity Available, Natural Gas Available, Water Available
Water: Public
Local Schools
High School: Williamsburg High School For Architecture And Des
Middle School: Conselyea Prep School
Elementary School: Ps 17 Henry D Woodworth
School District: Brooklyn 14
Listed By / Shown By
Listing By
Agency Name: Capri Jet Realty Corp
Agency Contact: 718-388-2188
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Estimate Your Payment
Estimated Payment
$ 13,197.93 per month $10,903.05 Principal & Interest $866.00 Property Tax $1,428.88 Homeowner's InsuranceChange Payment Information
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
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556 Driggs Avenue | MLS# 995304
This multi-family property located at 556 Driggs Avenue, Brooklyn, NY 11211 is currently listed for sale with an asking price of $4,899,000. Driggs Avenue is located within the Brooklyn 14 school district. Search Brooklyn real estate on www.coldwellbankerchoice.com today.