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Posted: Monday, March 12, 2018 9:52 AM


57 Driggs Ave, Brooklyn NY 11222
Mixed-use 4 Family Corner Building in Prime Greenpoint!
***Asking Price $3,999,000***

***Or buy 2 Buildings (55 & 57 Driggs Ave for $7M)***
Call for details

4 Family mixed use corner building offered for sale in sprawling Greenpoint, Brooklyn.
This solid 3 story corner GEM offers 3500 residential SF, 2500 SF of retail space and a semi finished 1750 SF basement.
This is a legal 4 family with store.

Store: Vacant (projected rent $10,000/mo)
Apt 2R 2 Bed 2 Bath - $3200
Apt 2F 1 Bed 1 Bath - $2200
Apt 3R 2 Bed 2 Bath - $4000
Apt 3F 1 bed 1 Bath - $2000
= $11,400/ mo
*All apartments have been renovated.*
**Building can be delivered vacant.**

Expenses (Yr.):
Taxes: $16,000
Insurance: $3000
Electric: $600
Heat & Water: Tenants pay all utilities.
Each unit has it’s own boiler and furnace.

Projected NOI: $237,200K
Retail per SF rents around $35 - $50 per foot

Larger than one thinks, Greenpoint is actually three or four different neighborhoods,
all of which have distinct differences and commonalities. Near McCarren Park, the
professional quotient runs high. So do the new restaurants, outdoor cafes, and
bars. Closer to the water, new developments take over. But so does chic retail.
All along Franklin Street, eateries draw artists, writers, and musicians as well as
many of the architects and graphic designers who call the Greenpoint home.
Clothing and furniture boutiques are most prevalent here.

High-tech companies are coming to the waterfront, purchasing or renting former
industrial warehouses for their New York or global headquarters. The ferry shuttles
residents back and forth from Manhattan and up and down the East River.

Call TODAY to schedule a viewing!
Theo Eastwind (718) 536 7787
Capri Jet Realty (718) 388 2188

57 Driggs Ave, Brooklyn NY, 11222    google map | yahoo map

Bedrooms: 6

• Location: 57 Driggs Ave, Brooklyn NY 11222, Brooklyn

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