Active

550 Metropolitan Avenue COMM

Brooklyn NY, 11211

$481,000


$1,000.00 per sqft

Active

1 Bath

481 sqft

Condos

Built in 1930

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.

RPLU-33423229901

MLS ID

October 18, 2024

Listed

November 4, 2024

Updated

Map

550 Metropolitan Avenue COMM
Brooklyn NY, 11211

Interior Features

Total Stories

3


Total Bathrooms

1


Full Bathrooms

1


Laundry Description

Building None


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Exterior Features

None


Architectual Style

Walk-Up

Other Property Details

Common Charges

$177


Common Charges Frequency

Monthly


Garage

No


View

No


County

Kings


Pool

No


Zoning

R7A

Listed by Dan Brady with Corcoran Group
Listing Contact: (917) 202-5609 

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 advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

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

Data last updated on 11/4/2024 at 4:28 PM UTC

 

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