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30892816
24146640

42 Driggs Avenue, New York, NY 11222

ZP
NY 10351218852
Plexus Brokerage
Listed by Plexus Brokerage
$4,100,000
353 days on market
Updated 39 days ago

42 DRIGGS AVE

Details
APN 02689-0049
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 6
Cap Rate 6.76%
NOI $276,956
Pro-Forma Cap Rate 8.32%
Pro-Forma NOI $340,940
Year Built 1931
Buildings 1
Stories 3
Acreage 0.048
Zoning R6B
Investment Type Value Add

Multifamily | 6.76% CAP | 6 Units

Marketing description

Prime Greenpoint 6-Family Investment Opportunity. This fully renovated building offers modern, high-end finishes and strong in-place income in one of Brooklyn’s most desirable rental markets. Each apartment features spacious layouts, queen-sized bedrooms, stainless steel kitchens, in-unit washer/dryers, each room Seprete heat & A/C, hardwood floors, and high ceilings. Units include two stylish bathrooms with contemporary tile work, including a standing shower and deep soaking tub, while primary bedrooms feature en-suite baths and generous closet space. The property is fully occupied and free-market, providing excellent cash flow with long-term upside. Located in the heart of vibrant Greenpoint, moments from popular restaurants, cafes, parks, boutique shopping, and convenient transportation. A rare opportunity to acquire a turnkey, income-producing asset in one of Brooklyn’s most sought-after neighborhoods.
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Listing Contacts

ZP
NY 10351218852
Plexus Brokerage
Listed by Plexus Brokerage

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$276,956.00
$23,079.67/mo

Valuation Metrics

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DSCR
6.76%
Cap Rate
6.76%
ROI

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Additional Information

Name
Zalman Pavel
License
10351218852
Brokerage
PLEXUS BROKERAGE
Title
Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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