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Renovated Six-Unit Apartment Building
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For Sale
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51 Driggs Avenue, Brooklyn, NY 11222

Multifamily property with renovated apartments, in-unit laundry, and recent building-system upgrades.

Property SizeContact for details
Days on Market7

Property Features for 51 Driggs Avenue

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 6

Amenities

in-unit washer/dryer
security surveillance system
storage

Building Details

Buildings 1
Listing Agency: Alpha Realty NY
Listed By: Lev Mavashev · License #NY 10351208812
Source: Crexi
Added: Sep 7 Changed: Sep 11 Last Checked: Sep 12 at 3:47AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Alpha Realty NY

Investment Insights

Based on property information with market context.

This six-apartment multifamily building includes four fully gut-renovated units. Free Market apartments feature in-unit washers and dryers, while additional improvements include an upgraded boiler, renovated gas lines, a well-maintained electric panel, new windows, and a refreshed front entrance. The basement has been newly renovated to provide storage, and the hallways have received fresh paint. An updated security surveillance system is also in place.

The property is located at 51 Driggs Avenue in Greenpoint, Brooklyn, near shopping, dining, entertainment, and transportation options. Protected Tax Class 2A status limits annual real estate tax growth, providing a defined tax framework for the building.

Key Highlights

  • Six‑apartment multifamily building at 51 Driggs Avenue, Brooklyn, NY 11222
  • Four of 6 apartments have been fully gut‑renovated
  • Free Market units include in‑unit washers and dryers

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Nursing Home (Bike/Boat/Book/etc) Store Home Appliance Store Pet Grooming Service Adult Day Care

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

3,503
Businesses Nearby

Demographics for 11222, NY

41,957
Population
21,917
Households
1.9
Avg Household Size
35
Median Age
65%
College-Educated
94%
High-School Grad
1.5 sq mi
ZIP Area
27,971
Density / Sq Mi
$123,963
Median Household Income
$74,237
Median Earnings
$2,595
Median Rent
$1,245,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property with renovated apartments, in-unit laundry, and recent building-system upgrades.
Where is this apartment building located?
The property is located at 51 Driggs Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Six‑apartment multifamily building at 51 Driggs Avenue, Brooklyn, NY 11222; Four of 6 apartments have been fully gut‑renovated; Free Market units include in‑unit washers and dryers
More about this property
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