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556 Driggs Avenue
Brooklyn NY 11211 US

$4,899,000

Active Listing ID 995304
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4 bed
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4.00 Bath (4 Full)
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Lot: 0.06 Acres
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Other

$4,899,000

Active Listing ID 995304
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556 Driggs Avenue 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.

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Property Features

  • Facts
  • Lot Size: 0.06 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 4
  • Cooling System: Window Unit(s), Wall/Window Unit(s)
  • Floor Covering: Hardwood
  • Heating Fuels: Natural Gas
  • Additional Features
  • Basement

School Information

  • School
  • Ps 17 Henry D Woodworth(Elementary)
  • Conselyea Prep School(MiddleSchool)
  • Williamsburg High School For Architecture And Des(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 4899000
  • unparsedaddress: 556 Driggs Avenue
  • postalcity: Brooklyn
  • stateorprovince: NY
  • country: US
  • postalcode: 11211
  • bathroomsfull: 4
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.0574
  • lotsizeunits: Acres
  • lotsizearea: 0.0574
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 40.717087
  • longitude: -73.95676
  • listagentfullname: Robert Napolitano
  • listagentemail: robert@caprijetrealty.com
  • listagentkey: 3yd-MLSLINY-194433
  • listagentmlsid: 194433
  • listagentpreferredphone: 7183882188
  • listagentofficephone: 9172257584
  • listofficekey: 3yd-MLSLINY-CPRI01
  • listofficemlsid: CPRI01
  • disclaimer: Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MLSLINY
  • yearbuilt: 1910
  • listingcontractdate: 2026-05-05
  • listagentfax: 7183882050
  • listagenturl: https://caprijetrealty.com/
  • countyorparish: Kings (Brooklyn)
  • parcelnumber: 02328-0018
  • elementaryschool: Ps 17 Henry D Woodworth
  • highschool: Williamsburg High School For Architecture And Des
  • elementaryschooldistrict: Brooklyn 14
  • middleorjuniorschooldistrict: Brooklyn 14
  • highschooldistrict: Brooklyn 14
  • cooling: Window Unit(s), Wall/Window Unit(s)
  • constructionmaterials: Brick
  • flooring: Hardwood
  • heating: Natural Gas
  • numberofunitstotal: 5
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: On Street
  • waterfrontyn: False
  • franchiseaffiliation: None
  • interiorfeatures: High Ceilings, Storage
  • rooms: Bedroom 3, Bathroom 2, Bathroom 1, Bathroom 3, Basement, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 4
  • otherstructures: Storage
  • utilities: Water Available
  • basement: Full
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -73.95676, 40.717087
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Capri Jet Realty Corp.", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"robert@caprijetrealty.com", "ListBrokerageCity":"Brooklyn", "ListBrokerageCountry":"US", "ListBrokerageEmail":"robert@caprijetrealty.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Capri Jet Realty Corp.", "ListBrokeragePhone":"(347) 450-3577", "ListBrokeragePostalCode":"11211", "ListBrokerageStateOrProvince":null, "ListBrokerageUnitNumber":"Capri Jet Realty", "ListBrokerageUnparsedAddress":"533 Metropolitan Ave", "ListBrokerageWebsiteUrl":"https://caprijetrealty.com/", "ListOfficeAddress1":"533 Metropolitan Ave ", "ListOfficeAddress2":"Capri Jet Realty", "ListOfficeBrokerMlsId":"CPRI01", "ListOfficeCity":"Brooklyn", "ListOfficeCountry":"US", "ListOfficeEmail":"robert@caprijetrealty.com", "ListOfficePostalCode":"11211", "ListOfficeStateOrProvince":"NY", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Brooklyn, NY", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/556-Driggs-Ave_Brooklyn_NY_11211_M48863-09538?f=listhub&s=MLSLINY&m=995304&c=rexren", "MLSModificationTimestamp":"2026-05-06 07:18:37", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":10392, "TaxDescription":null, "TaxYear":"2026"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 5/6/2026 7:44:19 AM GMT
Source Updated Date: 5/10/2026 12:36:50 PM GMT

Courtesy of: Robert Napolitano, Capri Jet Realty Corp, robert@caprijetrealty.com

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.