$4,899,000

556 Driggs Avenue, Brooklyn, NY 11211

  • 4 beds |
  • 4 baths |
  • 5,000 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1910
  • Property Lot Size Icon2,500sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $980/sqft
  • Property List Date Icon Listed 5 days ago

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.

Listing Status:
Active
Data Last Updated:
May 11, 2026 at 3:21AM
Listing Office:
Capri Jet Realty Corp : 718-388-2188
MLS ID:
995304
  • General: High CeilingsStorage
  • Basement: Full
  • Flooring: Hardwood
  • A/C: Wall/Window Unit(s)
  • Heating: Natural Gas
  • Parking: On Street
  • Originating MLS: onekey2
  • School District: Brooklyn 14
  • County: Kings (Brooklyn)
  • Zoning: 02328-0018
  • Utilities: Electricity AvailableNatural Gas AvailableWater Available
  • Water: Public
  • Sewer: Public Sewer
  • Source: onekey2

This listing courtesy of Capri Jet Realty Corp

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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