51 Driggs Avenue

Home » Listings » 51 Driggs Avenue

Featured Listings

51 Driggs Avenue

Prime Greenpoint Multifamily

$2,450,000 Sales price

$377/SF Price per Ft

7.3% Cap Rate

Boutique Residential Asset: An intimately scaled building featuring six well-appointed apartments.
Turnkey Asset Quality: Impeccably maintained property with four of the six units fully gut-renovated, significantly reducing immediate CapEx requirements.
High-Demand In-Unit Amenities: All free-market units feature in-unit washers and dryers alongside modern residential upgrades to command premium market rents.
Protected Tax Class 2A: Provides built-in protection against aggressive real estate tax reassessments, capping annual tax growth and safeguarding Net Operating Income (NOI) against market-wide rate spikes.
Capital Improvements: Extensive recent upgrades including new hot water tanks, renovated gas lines, an electric panel in mint condition, a newly renovated front entrance, fresh hallway paint, new windows installed, a brand-new basement with storage, and an updated security surveillance system.
Optimized Utility Costs: Three of the six tenants pay their own heat and hot water directly.
Storage Income Upside: Includes vacant basement storage space that can be subdivided into six private lockers, generating an estimated additional income of $150/month per locker ($750/month total across all 6 units).
Prime Greenpoint Location: Ideally situated in one of Brooklyn’s most desirable neighborhoods, steps away from premier shopping, dining, vibrant entertainment, and convenient transit options.