Get new listings emailed daily! JOIN SIGN IN
Erin Tims
Licensed Real Estate Salesperson
REALTOR®
(631) 404-7593 Cell
Facebook Icon Instagram Icon GoogleBusiness Icon VCard Icon 

556 Driggs Avenue , Brooklyn, NY 11211

New - 2 Hours Ago
View Full Photo Gallery

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 ftLot: 25 ft x 100 ftZoning: R6BFAR: 2; Max FAR: 2Taxes: $10,392/YrSeize the opportunity to transform this property into a standout investment.

556 Driggs Avenue | MLS# 995304

This multi-family property located at 556 Driggs Avenue , Brooklyn, NY 11211 is currently listed for sale with an asking price of $4,899,000. Driggs Avenue is located within the Brooklyn 14 school district. Search Brooklyn real estate on erin-tims.coldwellbankerprime.com today.

Gallery

Property Features

Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Cooling: Wall/Window Unit(s)
Heating: Natural Gas
Lot Size: 0.06 Acres
Taxes: $10,392
Year Built: 1910

Amenities

High Ceilings
Storage

Feature Descriptions

Building Area Total: 5000
Exterior: Brick
Flooring: Hardwood
Lot Dimensions: 25 x 100 ft
On Market Date: 2026-05-05
Parcel Number: 02328-0018
Parking Features: On Street
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Units: 5
Utilities: Electricity Available, Natural Gas Available, Water Available
Water: Public

Local Schools

High School: Williamsburg High School For Architecture And Des
Middle School: Conselyea Prep School
Elementary School: Ps 17 Henry D Woodworth
School District: Brooklyn 14

Estimate Your Payment

Estimated Payment

$ 13,197.93 per month $10,903.05 Principal & Interest $866.00 Property Tax $1,428.88 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: Capri Jet Realty Corp
Agency Contact: 718-388-2188

Shown By

Agent Name: Erin Tims
Agent Phone: (631) 404-7593 Cell
Agency Title: Coldwell Banker Prime Properties

IDX logo

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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 on this site was last updated 05/05/2026. The listing information on this page last changed on 05/05/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 05/05/2026 10:21:39 AM EST) or Global MLS (last updated Tue 05/05/2026 10:09:01 AM EST) or New York State Alliance MLS (last updated Tue 05/05/2026 10:19:25 AM EST) or Hudson Valley Catskill Region MLS (last updated Tue 05/05/2026 10:12:10 AM EST) or OneKey MLS (last updated Tue 05/05/2026 10:14:16 AM EST). Real estate listings held by brokerage firms other than Coldwell Banker Prime Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

Listing data and photos distributed by MLSGRID
Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.



C.B. Prime Properties, Inc. fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated.

Homestead Funding Corp. Company NMLS# 3232. Equal Housing Lender. State Licensing Information

Coldwell Banker®. All rights reserved. The Coldwell Banker System is comprised of company owned offices which are owned by a subsidiary of Anywhere Advisors LLC and franchised offices. Coldwell Banker Real Estate LLC, fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with, or related to Coldwell Banker Real Estate LLC nor any of its affiliated companies.


Privacy Policy / DMCA Notice / ADA Accessibility

Login to My Homefinder

Pixel