New York, NY 11212

Property

Ownership: For Sale
Type: Duplex
Bedrooms: 6 BR
Bathrooms: 3
Lot Size: 0.1 Acres

Financials

Price:$999,999
Annual Taxes:$5,552.68
578 Driggs Avenue Brooklyn, NY 11211
Listing Courtesy of Keller Williams Rlty Landmark

Investment opportunity in Brooklyn POTENTIAL TO BE DELIVERED VACANT.

Description

Investment opportunity in Brooklyn POTENTIAL TO BE DELIVERED VACANT. Strong in-place income with additional upside potential. The property consists of three 2-bedroom residential units and a ground-floor commercial space, all currently occupied with very cooperative tenants in place, providing immediate cash flow from day one. Current income is approximately $105,000 annually, with under-market residential rents offering a clear path to increased returns. Two of the three residential units present the opportunity for rental growth, with comparable renovated units in the area supporting higher market rents. The commercial unit provides stable supplemental income, adding to the overall strength of the asset. An additional income stream is also a possibility further enhancing cash flow. Investors will appreciate the balance of existing income and value-add potential, making this an ideal opportunity for both seasoned and entry-level investors looking to grow their portfolio in a steadily appreciating Brooklyn market. Conveniently located near transportation, shopping, and neighborhood amenities, this property is well-positioned for long-term appreciation and income growth. Whether you’re seeking a stable hold with upside or a value-add play, This property checks all the boxes.

Amenities

  • Cable - Available
  • Electricity Available
  • Entrance Foyer
  • Natural Gas Available
  • Other

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.