510 Driggs Avenue

The residences. Floors two through six hold the 44 apartments: eight on the second floor, twelve on the third, ten on the fourth, nine on the fifth and five penthouses on the sixth. Department of Finance unit areas run from about 450 square feet for the smallest studios to about 1,930 for the largest apartment. Many units have a private balcony or terrace; press coverage of the 2018 design counted 25 with balconies over the street. The sponsor's materials describe white oak floors, marble bathrooms and Miele kitchen appliances.

The terrace and storage units. Five rooftop terrace units and 21 cellar storage units are separately deeded condominium units that carry their own common interest, per the offering plan. They were sold with apartments. For voting purposes the plan treats a storage or terrace owner as a residential owner. Check the deed for exactly which lots a resale conveys.

The garage and retail. The garage is a single commercial unit with car elevators and stackers, which the offering plan conveyed to a commercial operator. Parking is therefore rented from the operator, not owned. The two non-residential units, on the ground floor and in the cellar, may be used for any purpose the certificate of occupancy and the by-laws allow.

Taxes. On the fiscal 2027 roll the residences carry taxable assessed values of roughly $60,000 to $287,000, with a median of about $143,000. At a class 2 tax rate in the 12 percent range, that implies annual taxes of roughly $7,000 to $35,000 per residence, before the co-op and condo abatement that a qualifying primary-residence owner may receive. The offering plan warned that taxes would rise materially once the finished building was assessed. They have. Model the current bill, not the plan's first-year figure.

Certificate of occupancy. The building is still operating on temporary certificates of occupancy. DOB records show the first issued in October 2022 and renewals through August 2026, all for 44 dwelling units. No final certificate is on record. Ask the board and managing agent what remains open. Some lenders and insurers ask about this at resale.

Sponsor position. All 44 residences sold between October 2022 and September 2023, to separate buyers, per ACRIS. The sponsor still holds 9 of the 21 storage units. In April 2025 the garage and both retail units were deeded to a successor entity with a similar name and financed separately. No sponsor-held residences remain.

Governance. The board holds a right of first refusal on sales and leases, which is standard for a condominium and is normally waived.

Recent sales

Recent closings at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.

Market read. Most recent trades (2026 to date) cleared a median $1,617/sf (floor-adjusted) across 4 sales. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount -1.8% over ask.

Sales sourced from NYC Department of Finance recorded transfers (BBL 3-02312-7501; each condominium apartment is its own tax lot). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.

Price the actual tax bill. There is no 421-a phase-out ahead, but the bill still changes with assessments, rates and other benefits. Run True Monthly Carrying Cost on the actual bill.

Ask about the final certificate of occupancy. The building is still on renewed temporary certificates. Find out what is outstanding and whether your lender will require anything.

Parking is rented, not owned. The garage belongs to a commercial operator. If a space matters, get the operator's current terms before contract.

Check the accessory lots. Storage and terrace units are separate tax lots. Confirm which ones the contract conveys.

Get the pet and leasing terms in writing. The offering plan allows dogs and cats up to two per unit and gives the board a right of first refusal on leases. Confirm the current house rules and any minimum lease term with the managing agent.

Show the tax bill up front. Buyers comparing against abated buildings will ask. A seller who presents the actual bill, and the abatement status of the comparable buildings, controls that conversation.

Market the design and the corner. The Woods Bagot facade, the curtain-wall windows and the North 8th Street corner are what separate this building from the Northside's other recent condominiums.

Price the storage or terrace lot separately. A deeded storage or rooftop terrace unit has its own value. Showing it separately makes the apartment price easier to defend.

If you're considering 510 Driggs Avenue, also evaluate:

• 144 North 8th Street — a Northside condominium on the same street, closer to the waterfront
• 215 North 10th Street (NX) — a recent Northside condominium two blocks north
• 110 North 1st Street — recent new construction at the south end of the Northside
• 127 Kent Avenue (The Sixth) — a 43-residence condominium delivered in 2025 near the waterfront
• 65 Eckford Street — a small new condominium near McCarren Park, where Greenpoint meets Williamsburg
• 88 Withers Street (Element 88) — a small 2019 condominium in northern Williamsburg
• 50 Greenpoint Avenue — a 44-residence Greenpoint condominium of similar size
• 14 Hope Street — a 2009 Williamsburg condominium still on a 25-year 421-a; the other side of the tax comparison