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Description

Located just steps from McCarren Park and the vibrant retail corridor along Manhattan Avenue, this prime Greenpoint property offers immediate access to neighborhood amenities and the G train. Fully free market and recently renovated with luxurious finishes completed in 2023, the building delivers modern, high-end interiors designed to attract strong tenancy. Offering an impressive 7.5% cap rate, this turnkey asset presents a compelling investment opportunity in one of Brooklyn’s most desirable and supply-constrained submarkets.Located just steps from McCarren Park and the vibrant retail corridor along Manhattan Avenue, this prime Greenpoint property offers immediate access to neighborhood amenities and the G train. Fully free market and recently renovated with luxurious finishes completed in 2023, the building delivers modern, high-end interiors designed to attract strong tenancy. Offering an impressive 7.5% cap rate, this turnkey asset presents a compelling investment opportunity in one of Brooklyn’s most desirable and supply-constrained submarkets.

Listing Details

  • Cap Rate

    7.47%

  • Space Type

    multifamily

  • Sub Category

    apartments-building

  • Sale Type

    Investment Sale

  • Date Listed

    2/23/2026

Property Specifics

  • Property Name

    248 Driggs Ave

  • Property Class

    C

  • No of Buildings

    1

  • No of Stories

    3

  • No of Units

    6

  • Year Built

    1931

  • Building Size

    4,650 SF

  • Lot Size

    0.07 Ac

  • APN

    02682-0036

  • Zoning

    R6B

Property Amenities

Location Amenities

Airport
Commuter Rail
Metro/Subway
Public Transportation