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: 10/31/2024 03:24 PM

Property Details for 550 Metropolitan Avenue, Unit COMM

StatusActive
MLS IDRPLU-33423229901
Days on Market63
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 property was listed for sale on October 18, 2024 by Corcoran Group, it's currently listed at $481,000. It has been on the market for a total of 63 days and was last sold on June 15, 2022. 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.

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Listing Courtesy of Corcoran Group

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