
Plexus Brokerage
Listed by Plexus Brokerage
$4,100,000
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.
Listing Contacts

Plexus Brokerage
Listed by Plexus Brokerage
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$276,956.00
$23,079.67/mo
Valuation Metrics
0
DSCR
6.76%
Cap Rate
6.76%
ROI
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