Property

Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Pets: Pets No
Lot Size: 0.06 Acres

Financials

Price:$1,800,000
Annual Taxes:$11,467.96
578 Driggs Avenue Brooklyn, NY 11211
Listing Courtesy of Exit Realty Premium

Description

Unlock the potential of this shovel-ready site in the heart of Williamsburg, Brooklyn! This rare 25 x 100 ft. lot comes with approved architectural plans for a 4-story, 7-unit residential building, maximizing the full buildable potential under R6B zoning. Unit Breakdown: – 5 spacious 2-bedroom units – 2 thoughtfully designed 1-bedroom units Benefit from 421-a tax abatement, significantly enhancing the investment's long-term value. Situated on a quiet tree-lined block just minutes from the L and G trains, this location offers easy access to transportation, trendy restaurants, cafes, shopping, and the waterfront. Whether you're a developer or investor looking to capitalize on the continued demand in Williamsburg, this property is a golden opportunity to build and own in one of NYC’s most sought-after neighborhoods. All plans and permits are in place – break ground immediately!

Amenities

  • Electricity Available
  • Natural Gas Available
  • Sewer Connected
  • Water Connected

Unlock the potential of this shovel ready site in the heart of Williamsburg, Brooklyn !


    Long Island MLS

    All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

    All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.