Pending

556 Driggs Avenue

Brooklyn, NY 11211
Mark as Favorite
Bed 4

Bed

Bath 4

Bath

Acres0.06

Acre(Lot)

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, whil e 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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Detail Ic Property Details

Property Type : Residential Income

Price : $4,899,000

AD Id : 77991330

MLS Id : 995304

Beds : 4

Lot Size : 0.06 Acre

Year Built : 1910

County : Kings (Brooklyn)

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Feature Features

  • Bedroom Information

    Total beds: 4

    Bathroom Information

    Total Baths: 4 Full Baths: 4

    Room Information

    Basement: Full
  • Flooring Information

    Hardwood
  • Interior Features

    High Ceilings, Storage
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas Has Cooling: Yes Cooling: Wall/Window Unit(s)

  • Building Information

    Year Built: 1910 Building Area Total: 5000 Construction Materials: Brick Private Pool: No

  • Lot Information

    Lot Dimensions: 25 x 100 ft Lot Size Acres: 0.0574 Lot Size Square Feet: 2500

  • Listing Price Information

    Listing Price: $4899000

  • Tax Information

    Parcel Number: 02328-0018 Annual Tax: $10392

  • Parking Information

    On Street

  • School Information

    Elementary School: Ps 17 Henry D Woodworth
    Junior High School: Conselyea Prep School
    Senior High School: Williamsburg High School For Architecture And Des
  • Utility Information

    Natural Gas Available, Electricity Available, Water Available
  • Location Information

    Direction: Use Google Maps WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
256 Withers Street, Brooklyn, NY, 11211 $3,500,000 -- 6 5,625 5,625 SqFt
396 Graham Avenue, Brooklyn, NY, 11211 $2,350,000 2 2 --
382 Manhattan Avenue, Brooklyn, NY, 11211 $3,398,000 7 3 --
513 Grand Street, Brooklyn, NY, 11211 $3,399,000 6 2 --
360 S 3rd Street, Brooklyn, NY, 11211 $4,500,000 7 8 --

The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 OneKey MLS. All Rights Reserved

ByOwner last updated this listing 06/08/2026 @ 08:15

MLS: 995304 LISTED BY: Robert Napolitano, Capri Jet Realty Corp 718-388-2188 SOURCE: OneKey MLS

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