556 Driggs Avenue • Brooklyn, NY 11211

$4,899,000 Beds: 4 • Baths: 4 full • Sq. Feet: 0 • MLS ID: 995304 • Subdivision:School Dist: Brooklyn 14
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. View this listing at: http://abrahammathew.laffey.com/mls=995304

Property Features

  • Taxes: $10,392
  • Basement: Yes
  • Exterior: Brick
  • Lot Size: 0.06 Acres
  • Lot Dimensions: 25 x 100 ft
  • Heating: Natural Gas
  • Cooling: Wall/Window Unit(s)
  • Year Built: 1910
  • Water: Public
  • Sewer: Public Sewer
  • Units: 5
  • On Market Date: 2026-05-05
  • Basement: Full
  • Building Area Total: 5000
  • Flooring: Hardwood
  • Interior Features: High Ceilings,Storage
  • Parcel Number: 02328-0018
  • Parking Features: On Street
  • Property Attached Y/N: 1
  • Rental Term: Monthly
  • Utilities: Electricity Available,Natural Gas Available,Water Available

School Information

  • 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
Printed May 07, 2026


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