57 Driggs Avenue
57 Driggs Avenue
Sold 6/29/22
Sold 6/29/22
Description
This rare, value-added opportunity is ideally located in one of the most vibrant and fast-growing sections of Brooklyn, on the border of Williamsburg and Greenpoint. It's within walking distance to...Compass Commercial is pleased to present 57 Driggs Avenue. 57 Driggs is a 5750 SF, fully free-market brick 4 family over 2,500 SF of SouthEastern facing commercial corner frontage. The property is tax class protected, and has significant upside potential rarely available in this area of North Brooklyn.
This rare, value-added opportunity is ideally located in one of the most vibrant and fast-growing sections of Brooklyn, on the border of Williamsburg and Greenpoint. It's within walking distance to both the L and G trains, and located only 1 block from beautiful McGolrick Park. Each unit is individually metered so tenants pay for their own utility usage, and there is a separate water meter for the commercial space. This property represents a tremendous repositioning opportunity, especially with current commercial rent comps at nearly four dollars per foot. This is a quality asset, ready for new generational ownership, and presents a realistic 7.5% Pro Forma Cap Rate.
Metrics:
-4 residential units
-2,500 SF of corner Commercial/retail with full basement that has 9 ft ceilings
-All units individually metered for utilities.
-Protected tax class 2A
-Nearby Trains: L & G
Listing Agent
![Jeff Valcourt]()
jeff.valcourt@compass.comP: 917.244.5321
Amenities
- Corner Unit
- Park Views
- City Views
- Private Roof Deck
- Common Outdoor Space
- Exposed Brick
- Hardwood Floors
- High Ceilings
Location
Property Details for 57 Driggs Avenue
| Status | Sold |
|---|---|
| Days on Market | - |
| Taxes | $1,663 / month |
| Maintenance | - |
| Min. Down Pymt | - |
| Total Rooms | 12.0 |
| Compass Type | Townhouse |
| MLS Type | Mixed Use |
| Year Built | 1928 |
| Lot Size | 2,500 SF / 25' x 100' |
| County | Kings County |
Building
57 Driggs Ave
Location
Building Information for 57 Driggs Avenue
Payment Calculator
$19,127 per month
30 year fixed, 7.25% Interest
$17,464
$1,663
$0
Property History for 57 Driggs Avenue
| Date | Event & Source | Price | Appreciation | Link |
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| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 57 Driggs Avenue
Schools near 57 Driggs Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | K to 2 |
Rating | School | Distance |
|---|---|---|
P.S. 110 The Monitor PublicPK to 5 | ||
John Ericsson Middle School 126 Public6 to 8 | ||
A-Tech High School Public9 to 12 | ||
Citizens of the World Charter School 1 CharterK to 2 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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