New York, NY 11209

Property

Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Pets: Pets No
Lot Size: 0.04 Acres

Financials

Price:$2,599,000
Annual Taxes:$26,550.64
578 Driggs Avenue Brooklyn, NY 11211
Listing Courtesy of Coldwell Banker Reliable R E

Description

Exceptional opportunity to acquire a fully leased mixed-use building in the heart of Bay Ridge, one of Brooklyn’s most sought-after neighborhoods. This four-story property sits on a 20 x 89 lot and features a 20 x 75 building footprint, maximizing usable space across all levels. The asset includes a high-visibility retail storefront on the ground level, currently occupied by a long-term commercial tenant, and seven residential apartments above—each with updated leases and strong in-place income. The unit mix offers a range of layouts that appeal to the area’s rental demand, ensuring consistent cash flow and minimal vacancy. Located near public transportation, retail, dining, and everyday conveniences, the building enjoys excellent foot traffic and local amenities. With gross annual income exceeding $206,000, this investment provides immediate returns and long-term growth potential for investors seeking durable income in a prime Bay Ridge location. Prime Bay Ridge location surrounded by shops, restaurants, and easy access to public transportation. High foot traffic and vibrant neighborhood charm.

Amenities

  • Cable - Available
  • Cable Connected
  • Electricity Connected
  • High Speed Internet
  • Microwave
  • Natural Gas Connected
  • Quartz/Quartzite Counter Tops
  • Refrigerator
  • Sewer Connected
  • Stainless Steel Appliance(s)
  • Walk Up
  • Water Connected

Exceptional opportunity to acquire a fully leased mixed use building in the heart of Bay Ridge, one of Brooklyn s most sought after neighborhoods.


    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.