51 Driggs Ave 6 Unit Apartment Building $3,665,584 CAD ($610,931 CAD/Unit) 7.20% Cap Rate Brooklyn, NY 11222

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.