Fully Leased School Condominium
For Sale
Contact for pricing
717 Driggs Avenue, Brooklyn, NY 11211
Fully built-out school condominium unit in a new 32-unit luxury condominium building, occupied under a lease through October 2033.
Property Size8,670 SF
Days on Market123
Property Features for 717 Driggs Avenue
General Information
Standard status
Active
Size
8,670 SF
Property subtype
Retail, Office
Building Details
Tenancy
Single
Listing Agency:
Ariel Property Advisors
(212) 544-9500
Listed By:
Michael Tortorici · License #NY 401085153
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 22 at 10:58AM
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 Ariel Property Advisors
Investment Insights
Based on property information with market context.
This fully built-out community facility condominium unit is located within a new-construction 32-unit luxury condominium building. The unit totals 8,670 gross square feet, including 2,450 square feet on the ground level and 6,220 square feet on the upper level. It is currently occupied by Guidepost Montessori School.
The property is situated on the southwest corner of South 1st Street and Driggs Avenue in the Williamsburg section of Brooklyn, approximately one block from the Bedford Avenue commercial corridor. The nearby J, M, Z, G, and L subway lines provide transportation access.
The existing lease has a 15-year term through October 2033. Rent escalations are scheduled at 10% every five years, and the lease also includes two additional five-year extension options.
The property is situated on the southwest corner of South 1st Street and Driggs Avenue in the Williamsburg section of Brooklyn, approximately one block from the Bedford Avenue commercial corridor. The nearby J, M, Z, G, and L subway lines provide transportation access.
The existing lease has a 15-year term through October 2033. Rent escalations are scheduled at 10% every five years, and the lease also includes two additional five-year extension options.
Key Highlights
- Community facility condominium unit at 190 South 1st Street / 717 Driggs Avenue in a new 32‑unit luxury condominium building
- 8,670 gross SF total: 2,450 SF on the ground level and 6,220 SF on the upper level
- Fully built out and currently occupied by Guidepost Montessori School
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
8,413
Businesses Nearby
Explore this area
Business Placement
Demographics for 11211, NY
68,540
Population
29,068
Households
2.4
Avg Household Size
31
Median Age
55%
College-Educated
86%
High-School Grad
1.5 sq mi
ZIP Area
45,693
Density / Sq Mi
$105,183
Median Household Income
$67,533
Median Earnings
$2,357
Median Rent
$1,118,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
School - Fully built-out school condominium unit in a new 32-unit luxury condominium building, occupied under a lease through October 2033.
Where is this school located?
The property is located at 717 Driggs Avenue Brooklyn, NY.
What are key features of this property?
This property features: Community facility condominium unit at 190 South 1st Street / 717 Driggs Avenue in a new 32‑unit luxury condominium building; 8,670 gross SF total: 2,450 SF on the ground level and 6,220 SF on the upper level; Fully built out and currently occupied by Guidepost Montessori School
