705 Driggs Avenue
705–713 Driggs Avenue, between Grand and South 1st Streets, Williamsburg
Williamsburg, Brooklyn
BBL 3023940001 · BIN 3335770
- Year built
- 1920
- Type
- Cooperative
- Amenities
- Elevator, video entry, basement storage and bicycle storage; parking within the property
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Flip tax
- Tiered or formula; see fees
Every recorded sale at this building, 2004–2025
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf, 2023
- $1,358
- 1 sale
- Listing discount
- 0.4%
- Recorded sales
- 18
- On record
- 2004–2025
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 705 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.
705 Driggs Avenue is a cooperative of substantial loft residences in a former commercial building. Exposed timber, masonry walls and broad living spaces give the apartments a recognizable industrial character. The low-rise property occupies the Driggs Avenue frontage immediately south of Grand Street, with city records carrying the address range through 713 Driggs Avenue.
The residential conversion has continued in stages. A DOB alteration permitted in July 2017 converted three former artist spaces on the second floor into Class A apartments, with related work in the lower floors. The job was signed off in April 2026 and carried a total of twelve dwellings.
Architecture and unit composition
The lofts include open plans and enclosed two- and three-bedroom arrangements, with interior areas commonly extending from approximately 1,400 to nearly 2,000 square feet. Existing columns and exposed beams form part of the room layouts, while broad window openings illuminate the principal living spaces. Some residences retain original wide-board wood floors and pressed-tin ceilings.
Upper-floor homes can have ceiling heights approaching fifteen feet, skylights and multiple exposures. Selected larger layouts occupy a substantial portion of a floor and have private elevator access. Renovations have added enclosed bedrooms and work areas within the original loft volumes, producing homes with different proportions even where their floor areas are similar.
Building operations
An elevator supplements the original low-rise circulation. Storage and bicycle facilities occupy basement space, and parking is available within the property; those facilities have their own allocation among the residences. The cooperative owns the building and common infrastructure through LC Driggs Corp.
Application and transaction fees
Fees below are from building management's published schedule, as of September 2026. They are shown as published, item by item; no total is added because the total depends on the transaction. Deposits are listed apart from nonrefundable charges.
- Terms
- The flip tax will be calculated per the duration of ownership: a) Two (2%) percent of the gross sales price or other consideration for shareholders who have owned (the shares allocated to and have been the proprietary lessees of) their apartments for less than five (5) years; b) One and One-half (1.5%) percent of the gross sales price or other consideration for shareholders who have owned their apartment for more than five (5) years, but less than ten (10) years; or c) One (1%) percent of the gross sales price or other consideration for shareholders who have owned their apartment for more than ten (10) years
- Paid by
- Buyer
Source: building management's published schedule, as of September 2026
Purchase
6 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Buyer | When With the application | Amount $750 | Refundable Non-refundable |
| Credit Check FeePer applicant | Paid by Buyer | When With the application | Amount $175 per person (e.g., spouse, partner, adult child or other relative of prospective subtenant) | Refundable Non-refundable |
| Closing Fee | Paid by Buyer | When At closing | Amount $500 | Refundable Not stated |
| Recognition Agreement FeeConditional | Paid by Buyer | When At closing | Amount $250 if financing | Refundable Not stated |
| Transfer Fee | Paid by Shareholder | When At closing | Amount $950 | Refundable Not stated |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Moving Deposit | Paid by Buyer | When With the application | Amount $500 | Refundable Refundable |
Ownership transfer
2 items
Transfer: trust
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Trust Transfer Application Fee | Paid by Buyer | When With the application | Amount $500 | Refundable Non-refundable |
| Coop Attorney Review Fee | Paid by Buyer | When Upon approval | Amount To be determined | Refundable Not stated |
Management updates its schedule without a public filing. The date is when management last updated the page, not when a rule changed. Confirm the current schedule with management before you apply.
Considering an apartment here? Send Corey the listing to discuss the building's costs and purchase requirements.
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Building staffing and amenities
- Elevator
- YesSource: NYC Department of Buildings elevator records
- Amenities noted
- Bike storage, storageSource: The Roebling Team's building profile
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Local Law 97
This building is below the 25,000 sq ft threshold at which LL97 limits apply to a building on its own. It is still covered if it shares a tax lot or condominium board with buildings totaling over 50,000 sq ft; confirm on DOB’s covered-buildings list.
See full Local Law 97 analysis →Recent sales
Recent transfers 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.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Oct 7, 2025 | 13 | 1 BR · 1 BA | $2,615,000 | -12.7% | |
| Sep 13, 2023 | 10 | 1 BR · 1 BA · 1,650 sf | $2,240,000 | $1,358/sf | -2.6% |
| Jun 8, 2022 | 16 | 3 BR · 2 BA · 1,853 sf | $3,454,000 | $1,864/sf | +15.3% |
| Sep 28, 2021 | 14 | 2 BR · 1 BA · 1,975 sf | $2,200,000 | $1,114/sf | -8.1% |
| Oct 7, 2020 | 13 | 1 BR · 1 BA · 1,558 sf | $2,343,500 | $1,504/sf | -2.2% |
| Mar 6, 2020 | 20 | 2 BR · 1 BA · 1,677 sf | $1,883,000 | $1,123/sf | -0.8% |
| Sep 27, 2019 | 23 | 2 BR · 1 BA · 1,853 sf | $2,100,000 | $1,133/sf | +0.0% |
| Sep 27, 2019 | 22 | 1 BR · 1 BA · 1,390 sf | $2,138,325 | $1,538/sf | +33.6% |
Market read. $/sf is measured on the latest sales with reliable square footage (2023): a median $1,358/sf (recorded) across 1 sale. The building has traded as recently as 2025. Median listing discount 0.4% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
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 3-02394-0001). 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 on co-ops is not officially recorded, figures shown are approximate.
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Buying here? Co-op closing costs typically run 2 to 3% of the price. See NYC co-op and condo closing costs, line by line.
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Comparable buildings
- 143 South 8th Street — A small cooperative conversion of a former school, matching the unusual inherited building form and loft scale.
- 180 South 4th Street — A small prewar condominium conversion, providing a different tenure comparison nearby.
- Lofts1 — A manufacturing-building conversion with substantial loft interiors and added rooftop space.
- 172 North 10th Street — An industrial conversion with a vertical enlargement and a small condominium inventory.
- The Rialto — A former furniture plant converted to condominiums, retaining broad industrial floor plates.
More Williamsburg buildings
- 661 Driggs Avenue — 2022 condominium
- 70 Berry Street — 2008 condominium
- 70 Throop Avenue — 2013 condominium
- 711 Grand Street — condominium by Isaac & Stern Architects
- 738 Grand Street — condominium
- 74 Heyward Street — condominium
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Williamsburg.
The full playbook — what goes in the package, how boards read your financials, the interview, and the timeline — plus sample cover, reference, and personal letters you can adapt.
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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646.939.7375 · c.cohen@compass.com