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Listed price in listed location currency (USD).
$4,899,000

440

MLS® 995304

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size -
Garage 
Taxes $10,392
Days Active 0
Lot Size 
Approx. Age 1910
MLS® Number 995304

Property Address: 556 Driggs Avenue, New York, NY, 11211

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number995304
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1910
BasementFull
DrivewayOn Street
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 5, 2026List Date
$4,899,000List Price
  • Commute

Commute

Starting Address
Destination Address
556 Driggs Avenue, New York, NY

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