Property

Ownership: For Sale
Type: Unknown
Bedrooms: Studio
Bathrooms: 6
Pets: Pets No
Lot Size: 0.03 Acres

Financials

Price:$1,350,000
Annual Taxes:$8,294.92
578 Driggs Avenue Brooklyn, NY 11211
Listing Courtesy of Best In The Market Realty Inc

Description

Located in the heart of vibrant Crown Heights, this well-maintained three-family property presents a rare opportunity for both investors and end-users. Built just 10 years ago and in excellent condition, the building features three fully renovated units, all offering spacious layouts, modern finishes, and great natural light. Currently, all units are tenant-occupied, generating a strong and stable income stream with an in-place 6.3% cap rate. Each unit has been thoughtfully updated and is separately metered, making this a true turnkey investment with minimal maintenance required. For buyers looking to live in the property while generating rental income, there is the option to deliver one unit vacant at closing, allowing for a seamless transition into an owner-occupied setup. This flexibility makes the property ideal for those seeking a hybrid investment and personal residence in one of Brooklyn’s most desirable neighborhoods.

Amenities

  • Cable - Available
  • Electricity Available
  • Washer/Dryer Hookup
  • Water Available

Located in the heart of vibrant Crown Heights, this well maintained three family property presents a rare opportunity for both investors and end users.


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.