802 Driggs Ave #BLD, Brooklyn, NY 11211

This well-maintained, four-family building in Williamsburg is a fantastic opportunity to invest in Brooklyn's trendiest and most bustling borough. The building is 3,185 square feet and sits on a lot measuring 22.75' x 87.42. Of the four floor-through units, three are two-bedrooms and one is a three-bedroom. The ground floor unit comes with exclusive backyard access. The building is currently fully occupied and yields a cap rate of 5.5%. With 1,650 square feet of unused air rights, this is also a fantastic opportunity for redevelopment, which would more than double the property's NOI and yield a 11.2% cap rate. This is a rare opportunity to generate significant passive income in prime Williamsburg.