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500 Driggs Ave

Williamsburg, Brooklyn, NY
Floors
6
Total Size
100,000 sqft
Year Constructed
1900

About 500 Driggs Ave

A converted steam factory building, this mixed-use residential property is located at 500 Driggs Avenue in Williamsburg, New York. There is a mixture rentable office space and high-end residential space within the structure. Approximately 100,000 square feet are housed within this property from 1900.

All of the office space within 500 Driggs Avenue is Class A in designation. The floors plans are sunny and open and feature modern neutral finishes. High baseboards and darker-toned wooden floors give the spaces within a fresh look without taking away from the historic significance of the property.

There is video surveillance in 500 Driggs Avenue 24 hours a day, 7 days a week. A modern intercom system also adds to the security of the structure. Inside the building, all of the corridors and common areas are meticulously maintained.

For tenant convenience, there is an oversized elevator within the structure. A loading dock is attached to the elevator, which aids in move-ins and outs and also makes deliveries more convenient. There are many communal amenities within 500 Driggs Avenue, with one of the most desirable being the landscaped rooftop terrace.

Though updated on the inside, the exterior of 500 Driggs Avenue retains its original look. Red brick covers the facade, and most of the windows and doorways are arched for an inviting look.

Companies at 500 Driggs Ave

Ian Mapes, DDS (Williamsburg Smile Design) Dentist Health

Internet Providers for 500 Driggs Ave

Provider Technology Max Download Speed Max Upload Speed
Cablevision/Optimum Cable
1 Gb/s
25 Mb/s
Time Warner Cable Cable
100 Mb/s
6 Mb/s
MegaPath DSL
25 Mb/s
1.5 Mb/s
Verizon New York DSL
10 Mb/s
1.5 Mb/s

The Neighborhood: Williamsburg

On average, listings lease in the $40's per square foot per year. The Williamsburg region is seeing a decrease in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 12% decline in rent.

Compared to the rest of the New York City market, the Williamsburg submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.

Median Rate Median Size
Williamsburg $49
/sqft/yr
2,300
sqft
Median Rate Median Size
New York City $66
/sqft/yr
3,370
sqft

Median Rate over Time in Williamsburg