Building: 483 Driggs Avenue

Perfectly situated in the heart of Williamsburg’s dynamic north side, 483 Driggs Avenue offers opportunities as a high income producing private residence as-is, or as a prime development/conversion site. Built 25 × 50 on a 25 × 100 lot circa 1960, M1-2/R6A zoning affords a multitude of commercial and residential development or owner-occupied expansion options. Currently, the ground floor contains a long-established gallery and performance art space with an appx 50 × 25 garden. A large two bedroom two bath apartment with spacious terrace occupies the second floor. Full basement. With an FAR of 3.0, development to 7500’ is possible. Building is in excellent condition throughout with multiple recent upgrades. One block off Bedford Avenue, two blocks to McCarren Park with its tennis courts and soon to be completed Olympic pool. Three short blocks to the L train, where Union Square is a five minute ride. The newly developed and lively East River waterfront is four blocks away. Ideal situation for owner occupancy with high commercial income potential, or prime development.