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Single Family House for Sale in Brooklyn, New York, Brooklyn, NY 11211 | Web ID: 995304 | $4,899,000

 
Single Family in New York - Driggs  Brooklyn, NY 11211Single Family Driggs  Brooklyn, NY 11211, MLS-995304-2Single Family Driggs  Brooklyn, NY 11211, MLS-995304-3
 

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 Information

Location/Town New York
Area/County Brooklyn
Post Office/Postal City Brooklyn
Prop. Type Single Family House for Sale
Tax $10,392.00
Bedrooms 4
Total Baths 4
Full Baths 4
Year Built 1910
Basement Full
Construction Brick
Total Units 5
Lot Size 25 x 100 f
Lot SqFt 2,500
Cooling Wall/Window Unit(s)
Heat Source Natural Gas
Util Incl Electricity Available, Natural Gas Available, Water Available
Days On Market 1
Parking Features On Street
Tax Assessed Value 1147950
Units 5
School District Brooklyn 14
Middle School Conselyea Prep School
Elementary School Ps 17 Henry D Woodworth
High School Williamsburg High School For A
Features High ceilings, storage
Listing information courtesy of: Capri Jet Realty Corp

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Tel: 718-896-0777
Cell: 347-219-2037
Fax: 718-896-7020

 

 

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