New York, NY 11207

Property

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

Financials

Price:$850,000
Annual Taxes:$10,362.28
578 Driggs Avenue Brooklyn, NY 11211
Listing Courtesy of YourHomeSold Guaranteed Realty

Exceptional Investment Opportunity.

Description

Exceptional Investment Opportunity. This solid, R6 ZONED six-unit building, featuring six one-bedroom apartments, delivers a strong 7% cap rate and reliable year-round income. All units are well-maintained and fully rented, making this a turnkey acquisition for investors seeking immediate cash flow. Convenient location, stable tenancy, and consistent performance make this property an ideal long-term hold. Property Overview -Well-maintained structure and systems -Turnkey, income-producing asset from day one Investment Highlights -Reliable Cash Flow: Fully rented with consistent year-round income. -Low Vacancy Risk: One-bedroom units remain in high demand, supporting strong occupancy stability. -Operational Efficiency: Straightforward management with predictable operating expenses. -Value Stability: Multifamily assets in this category historically provide long-term appreciation and income durability. -Location Advantages: Proximity to transportation, employment centers, and local amenities supports tenant retention and rent resilience.

Amenities

  • Trash Collection Public
  • Water Connected

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.