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


