Williamsburg Four-Family Brick
744 Driggs Ave Brooklyn, NY 11211
744 Driggs Ave, Brooklyn, NY, 11211
$2,700,000
For Sale
$2,700,000
Well-maintained, four-unit building in prime Williamsburg location.
Property Size2,600 SF
Lot Size0.03 Acres
Price / SF$1,038
Days on Market93
Property Features for 744 Driggs Ave
General Information
- Standard status
- Active
- Size
- 2,600 SF
- Lot size
- 0.03 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1920
Listing Agency
Womcore LLC dba Remax Edge
(718) 612-3088
Listed by
Ruslan Mingazov · License #10301211175
(718) 612-3088
Source
Elliman
Added: Apr 15 Checked: Jul 15 at 10:20 pm
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 Womcore LLC dba Remax Edge
Investment Insights
Based on property information with market context.
This well-maintained, semi-detached, four-family brick building is located in prime Williamsburg. Constructed in 1920, the property spans approximately 2,600 square feet and includes 6 bedrooms and 4 full bathrooms across its four units. The building sits on a 19.17 x 78.5 lot within an R6 zoning district, offering long-term upside potential. Each unit features practical layouts with strong rental appeal, making it suitable for investors seeking stable income and end users looking to offset ownership costs. A full unfinished basement provides valuable storage and utility space. The property is located near Bedford Avenue’s dining, shopping, and nightlife, with convenient access to the L train at Bedford Ave, the G train at Metropolitan Ave, and the J, M, Z lines at Marcy Ave, facilitating commutes throughout Brooklyn and Manhattan. The location has a bike score of 92, a walk score of 98, and a transit score of 100.
Key Highlights
- Prime Williamsburg location with exceptional walk, bike, and transit scores (98, 92, and 100 respectively) providing unparalleled access to amenities and transportation.
- Four‑unit building offering income potential for investors or cost offset for owner‑occupiers.
- R6 zoning provides long‑term upside potential for future development.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $132.6k | $51.00 |
| − Vacancy | −$2.5k | −$0.97 |
| EGI | $130.1k | $50.03 |
| − OpEx | −$39.0k | −$15.01 |
| NOI | $91.1k | $35.02 |
2,600 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.30M
$1.14M – $1.52M
NOI $91,056 @ 7.0% cap · market cap 3.37%
Second Best
Apartment 5plus
$1.13M
$992.2K – $1.32M
NOI $79,375 @ 7.0% cap · market cap 2.94%
Theoretical Best
Specialty Retail
$2.15M
$1.88M – $2.51M
NOI $150,696 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Well-maintained, four-unit building in prime Williamsburg location.
Where is this quadplex located?
The property is located at 744 Driggs Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Prime Williamsburg location with exceptional walk, bike, and transit scores (98, 92, and 100 respectively) providing unparalleled access to amenities and transportation.; Four‑unit building offering income potential for investors or cost offset for owner‑occupiers.; R6 zoning provides long‑term upside potential for future development.
