510 Driggs Avenue
510 Driggs Avenue, Brooklyn, NY 11211
BBL 3023127501 · BIN 3426626
- Year built
- 2022
- Type
- Condominium
- Units
- 44
- Floors
- 6
- Landmark
- No
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 510 Driggs Avenue would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
The number that matters most at 510 Driggs is the tax bill, and it is the opposite of what a buyer might expect from a 2022 Brooklyn condominium. There is no 421-a benefit and no other exemption on any of the 73 lots, on any Department of Finance roll from fiscal 2021 through fiscal 2027, and the offering plan projects taxes at full assessment. Many Williamsburg condominiums of the previous generation carried 15- or 25-year exemptions. This one pays full class 2 taxes from the start, so its carrying cost needs to be compared against buildings that still have a benefit.
The building is a six-story, 44-residence condominium on the Northside at the corner of Driggs Avenue and North 8th Street, a block and a half from the Bedford Avenue L station and about four blocks south of McCarren Park. It filled a lot that stood empty for more than a decade. Press reporting identifies the previous building as a food-company warehouse, demolished in 2006. An earlier new-building application for 49 apartments, filed by a previous owner that year, was never carried out. The site sold in 2014 and again in 2017, when the current sponsor bought it.
The first design, by ODA Architecture, was a stacked-box scheme that gave every apartment outdoor space. In 2018 the sponsor switched to Woods Bagot. Per architectural records, the built design holds a continuous brick street wall at the lower floors and uses a gray brick facade organized on a 25-foot module, the width of the neighboring row buildings. The residences have floor-to-ceiling curtain-wall windows, per the sponsor's materials. The sponsor closed its first apartment in October 2022 and its last residence in September 2023.
Architecture and unit composition
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.
Building operations
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
510 Driggs trades as recent Northside new construction, priced in dollars per square foot, and it competes with the buildings delivered on and near the Bedford Avenue spine since 2020. Floor, exposure and outdoor space separate one apartment from another; the penthouses and the apartments with terraces sit at the top of the building's range. The first resales recorded in 2026. With only a handful of trades, the sponsor's 2022–23 closings still set most of the reference points.
Because the building has no abatement, buyers will compare it on monthly cost against older Williamsburg condominiums that still carry one. Indexed to 2025 as the last complete year, recent boutique new development near Bedford Avenue trades in the upper part of the Williamsburg condominium market, below the waterfront towers.
Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Recent closings at this building, sourced from NYC Department of Finance records. Apartment-level detail (line, condition, asking-price context) verified upon consultation request.
| Date | Unit | Price |
|---|---|---|
| Jul 23, 2026 | 2C | $830,000 |
| Jun 26, 2026 | 2A | $1,780,000 |
| Mar 24, 2026 | 5H | $1,350,000 |
| Sep 21, 2023 | 2H | $814,600 |
| Sep 21, 2023 | 2G | $2,400,000 |
| Jul 5, 2023 | PHC | $3,350,000 |
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 3-02312-7501) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price.
At the recent median sale of $1.35M (3 sales since 2024), a buyer putting 25% down would pay about $58,538 to close, or 4.3% of the price.
- Mansion tax: $13,500
- Mortgage recording tax: $19,491
- Title insurance: $6,075
- Attorneys, lender, building fees, reserves and filings: $19,473
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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What to know if you’re buying
Price the full tax bill. There is no 421-a to burn off and no step-up coming. The current bill is the tax, and it is higher than at abated buildings of similar price. 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.
What to know if you’re selling
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.
Comparable buildings
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
More Williamsburg buildings
- 46 South 2nd Street — 2011 condominium
- 49 North 8th Street (North8) — 2006 condominium
- 505–515 Flushing Avenue, 505 and 515 Flushing Avenue — 2010 condominium by Karl Fischer Architects
- 526 Union Avenue — 2023 condominium
- 535 Kent Avenue (525–535 Park Plaza Condominium) — 2001 condominium
- 55 Berry Street (Berry Street Lofts) — 1900 condominium by Karl Fischer Architects
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Williamsburg.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
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