550 Metropolitan Avenue, Unit COMM
$481,000
Studio
1
481
481
$1,000
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
Status | Active |
---|---|
MLS ID | RPLU-33423229901 |
Days on Market | 31 |
Taxes | $515 / month |
Common Charges | $177 / month |
Min. Down Pymt | - |
Total Rooms | 2.0 |
Compass Type | Condo |
MLS Type | Condo |
Year Built | 2021 |
County | Kings County |
Building
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
Property History for 550 Metropolitan Avenue, Unit COMM
Date | Event & Source | Price | Appreciation | Link |
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Date | Event & Source | Price |
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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 | ||
Williamsburg High School for Architecture and Design 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.
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