New York, NY 11207

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 14 BR
Bathrooms: 6
Lot Size: 0.1 Acres

Financials

Price:$1,199,000
Annual Taxes:$11,161.40
578 Driggs Avenue Brooklyn, NY 11211
Listing Courtesy of Douglas Elliman Real Estate

Oversized six family building offering approximately 6, 150 square feet of living space with spacious apartment layouts throughout.

Description

Oversized six-family building offering approximately 6,150 square feet of living space with spacious apartment layouts throughout. The property consists of four large 2-bedroom units and two 3-bedroom units, providing strong rental appeal and stable income potential. The building is configured with 7 electric meters and 6 gas meters, allowing for separate utilities. Recent improvements include a new boiler and hot water heater, and the roof was replaced approximately six years ago. Conveniently located near public transportation, neighborhood shopping, and local amenities, making it attractive for long-term tenants. Currently generating approximately $88,000 in Net Operating Income (NOI) and offered at approximately a 7% cap rate at the asking price. Excellent opportunity for investors seeking a well-sized multifamily property with solid cash flow in Brooklyn.

Amenities

  • Cable Connected
  • Electricity Connected
  • Natural Gas Connected
  • Other
  • Sewer Connected
  • 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.