556 Driggs Avenue, Brooklyn, NY 11211
Local realty services provided by:CENTURY 21 Elite Realty
556 Driggs Avenue,Brooklyn, NY 11211
$4,899,000
- 4 Beds
- 4 Baths
- 5,000 sq. ft.
- Multi-family
- Active
Listed by: robert napolitano
Office: capri jet realty corp
MLS#:995304
Source:OneKey MLS
Price summary
- Price:$4,899,000
- Price per sq. ft.:$979.8
About this home
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....
Contact an agent
Home facts
- Year built:1910
- Listing ID #:995304
- Added:1 day(s) ago
- Updated:May 05, 2026 at 06:47 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Full bathrooms:4
- Flooring:Hardwood
- Basement:Yes
- Basement Description:Full
- Living area:5,000 sq. ft.
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Year built:1910
- Building area:5,000 sq. ft.
- Lot area:0.06 Acres
- Construction Materials:Brick
Schools
- High school:Williamsburg High School For Architecture And Des
- Middle school:Conselyea Prep School
- Elementary school:Ps 17 Henry D Woodworth
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer
Finances and disclosures
- Price:$4,899,000
- Price per sq. ft.:$979.8
- Tax amount:$10,392 (2026)
Features and amenities
- Amenities:High Ceilings, Storage
Parking
- Parking description:On Street
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