550 Metropolitan Avenue, Unit COMM

$481,000
Price
Studio
Beds
1
Bath
481 Sq. Ft.
$1,000 / Sq. Ft.
481
Sq. Ft.
$1,000
per Sq. Ft.

Description

Commercial condo for sale. Very rare opportunity to own a commercial condo in Williamsburg. Presently designed as a wine bar, this street-level space could accommodate many successful uses. It boasts high ceilings, an ADA bathroom, a fully functional bar with dishwasher, glass racks, sinks, reach-in refrigerator, and a storage room with an ice machine and freezer. The 16 feet of frontage along Metropolitan Avenue is less than a block from the extremely popular Lorimer stop on the L. This format could...Commercial condo for sale. Very rare opportunity to own a commercial condo in Williamsburg. Presently designed as a wine bar, this street-level space could accommodate many successful uses. It boasts high ceilings, an ADA bathroom, a fully functional bar with dishwasher, glass racks, sinks, reach-in refrigerator, and a storage room with an ice machine and freezer. The 16 feet of frontage along Metropolitan Avenue is less than a block from the extremely popular Lorimer stop on the L. This format could be easily adapted into a coffee bar, a speakeasy, or using the installed plumbing to create a hair salon. As an investor, this commercial condo offers the opportunity to reap rewards. The wine bar paid market rent plus the low common charges and RE taxes, which is standard, providing a return on investment of over 10%. New tenants will be attracted to the prime location, the excellent condition of the space, the lack of key money required, and the opportunity to start a new lease with new terms. For an end-user, the location is ideal to begin a new business for the price many establishments charge for key money. Ready to show any time.

Property Details for 550 Metropolitan Avenue, Unit COMM

Zoning
R7A
LISTING UPDATED: 10/18/2024 10:36 AM

Property Details for 550 Metropolitan Avenue, Unit COMM

StatusActive
MLS IDRPLU-33423229901
Days on MarketListed Today
Taxes$515 / month
Common Charges$177 / month
Min. Down Pymt-
Total Rooms2.0
Compass TypeCondo
MLS TypeCondo
Year Built2021
CountyKings County

Building

550 Metropolitan Ave

9 Units6 StoriesBuilt in 2021

Building Information for 550 Metropolitan Avenue, Unit COMM

Building/Complex550 Metropolitan AveFloor-Stories6Residences9Pet Policy-Year Built2021Building AgeNew DevelopmentBuilding TypeLowrise

Property Information for 550 Metropolitan Avenue, Unit COMM

Summary
Location and General Information
  • Subdivision Name: Williamsburg,North
  • Stories Total: 3
  • Exposures: North
  • Garage Spaces: 0.0
  • View: No
Taxes and HOA
  • Tax Lot: 1001
  • Tax Deduction Percent: .00%
  • Tax Block: 02761
  • Association Fee Frequency: Monthly
  • Flip Tax: $0
  • Building Tax Lot: 0019
  • Tax Monthly Amount: 515.0
  • Tax Abatement YN: false
Parking
  • Garage: No
  • Garage Spaces Assigned YN: false
Property
Lot Information
  • Living Area: 481.0
  • Living Area Units: SquareFeet
Building Information
  • Landmark Status YN: false
  • Building Laundry Features: None
  • Building Pets Allowed: BuildingNo
  • Capital Reserves YN: false
  • Green Building YN: false
Property and Assessments
  • New Development: No
  • Sponsor Unit: No
  • Certificate Of Occupancy: Yes
  • Percent Of Common Elements: .00%
  • Common Interest: Condominium
  • Number Of Shares: 0
  • Current Use: Investment
  • New Construction: No
  • Structure Type: WalkUp
  • Property Condition: Excellent
Interior and Exterior Features
Exterior Features
  • Basement: Other
  • Exterior Features: None
  • Patio And Porch Features: None
Interior Features
  • Entry Level: 1
  • Fireplace: No
  • Floor Number: 1
  • Basement: No
  • Cooling: No
  • ElevatorsTotal: 0
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
Rental
Rental Information
  • Pets Allowed: UnitNo
  • Attendance Type: None
  • Land Lease: No

Property History for 550 Metropolitan Avenue, Unit COMM

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 550 Metropolitan Avenue, Unit COMM

Taxable ValueLand-Additions-Total-
Home Facts
Total Finished SqFt12,114 SqFtLot Size3,000 SqFtYear Built2020ZoningR7AAPN3027617501

Schools near 550 Metropolitan Avenue, Unit COMM

This home is within Nyc Geog District #14 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
P.S. 17 Henry D Woodworth
PublicPK to 5

Conselyea Preparatory School
Public6 to 8

Brooklyn Preparatory High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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550 Metropolitan Avenue, Unit COMM is a condo for sale in Williamsburg. This listing's school district is Nyc Geog District #14 - Brooklyn. Nearby schools include P.S. 17 Henry D Woodworth, Conselyea Preparatory School and Brooklyn Preparatory High School. 550 Metropolitan Avenue, Unit COMM is a 0-bed, 1-bath, 481 sqft condo built in 2021.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Corcoran Group

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.