57 Driggs Avenue #Building, NewYorkCity, NY 11222

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