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  • Price cut: $195K (6/17)
    $2,600,000

    51 Driggs Ave, Brooklyn, NY 11222

    9beds
    4,875sqft
    Loading
    Multi Family
    Built in 1928
    -- sqft lot
    $-- Zestimate®
    $533/sqft
    $-- HOA

    What's special

    Presenting a meticulously maintained six-unit brick rental building in one of Brooklyn's most sought- after and consistently appreciating neighborhoods. Ideally situated on Driggs Avenue in the heart of Greenpoint, this property represents a rare opportunity to acquire a high-income producing asset with a compelling mix of free market and rent stabilized units, low overhead, and significant value already in place. The building comprises three rent stabilized units and three fully gut-renovated free market units, all completed within the last nine years. Each of the free market apartments features a stunning two- bedroom, two full-bath layout with entirely new plumbing, electrical, and HVAC systems, complemented by high-end finishes throughout. These units were thoughtfully redesigned from the studs out, delivering a modern luxury rental product that commands top-of-market rents and attracts quality, long-term tenants. Beyond the individual units, the building itself has been comprehensively upgraded with updated roof, fully renovated hallways with high efficiency LED lighting, plumbing and electrical, ensuring reduced maintenance costs and peace of mind for any investor. The exterior charm of the classic Brooklyn brick facade is matched by equally impressive improvements out back — a beautifully redone backyard provides tenants with coveted outdoor space, a rare amenity in urban Brooklyn. The finished basement adds further utility and appeal, featuring a dedicated bike storage room — a highly desirable amenity in this cycling-friendly neighborhood. With strong rental income, lower operating expenses, and the heavy lifting already done, this is a true turnkey investment ready to perform from day one. The favorable unit mix of free market and rent stabilized apartments provides both immediate cash flow stability and long-term upside as the portfolio continues to season. The location is simply unmatched. Nestled in Greenpoint, Brooklyn's northernmost and most charming neighborhood, 51 Driggs Avenue sits just moments from the beloved McGolrick Park — a neighborhood anchor known for its weekend greenmarkets, dog runs, and community events that make this area so livable and desirable. The building is within easy reach of Williamsburg, putting some of Brooklyn's best dining, nightlife, retail, and culture just minutes away. Commuters will appreciate the convenient access to transportation, with quick connections into Manhattan and throughout the borough making this location as practical as it is appealing. Whether you are a seasoned investor looking to add a polished Brooklyn asset to your portfolio or a first-time buyer seeking a property that blends income, lifestyle, and long-term appreciation, 51 Driggs Avenue delivers on every front.
    104 days
    |
    320
    |
    8
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Greenpoint Properties 347-244-4239,

    Victor Wolski,

    Danuta Diane Wolski

    Source: StreetEasy,MLS#: S1819202

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 9
      • Bathrooms: 10
      • Full bathrooms: 9
      • 1/2 bathrooms: 1
      Rooms
      • Room types: Bike Room
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Washer/Dryer
      • Laundry: Inside
      Features
      • Flooring: Hardwood
      • Has fireplace: No
      Interior area
      • Total structure area: 4,875
      • Total interior livable area: 4,875 sqft

      Property

      Features
      • Patio & porch: Other
      • Exterior features: Garden
      Details
      • Special conditions: Resale

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Condition
      • Year built: 1928

      Community & HOA

      Community
      • Subdivision: Greenpoint
      HOA
      • Has HOA: Yes
      • Amenities included: Laundry
      Location
      • Region: Brooklyn

      Financial & listing details

      • Price per square foot: $533/sqft
      • Date on market: 4/13/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $6,017/mo

        Price history

        DateEventPrice
        6/17/2026Price change$2,600,000-7%$533/sqft
        Source: StreetEasy #S1819202 Report a problem
        5/11/2026Price change$2,795,000-3.2%$573/sqft
        Source: StreetEasy #S1819202 Report a problem
        4/13/2026Listed for sale$2,888,000+27.8%$592/sqft
        Source: StreetEasy #S1819202 Report a problem
        12/6/2017Sold$2,260,000$464/sqft
        Source: StreetEasy #S1294863 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Greenpoint

        Getting around

        91 / 100
        Walker's Paradise
        82 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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