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550 Metropolitan Avenue 550 Metropolitan Avenue, COMM

$481,000

For Sale
Common Charges: $177/month

About This Listing | 550 Metropolitan Avenue, COMM

Listing Courtesy of: Corcoran Group

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.

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Key Details

  • 481 Square ft
  • Year Built: 1930
  • Building Type: Condo
  • 1 Bathrooms
  • Neighborhood: East Williamsburg

About 550 Metropolitan Avenue

List of Amenities

  • Courtyard
  • Garden
  • Roof Deck
  • Spa
  • Laundry
  • Parking
  • Bike Storage
  • Package Room
  • Gated

Schools Near 550 Metropolitan Avenue

Elementary
  • P.s. 132 The Conselyea School 0.26 miles
  • P.s. 018 Edward Bush 0.32 miles
  • P.s. 017 Henry D. Woodworth 0.33 miles
  • P.s. 319 0.35 miles
  • P.s. 019 Roberto Clemente 0.36 miles
High school
  • Williamsburg High School For Architecture And Design 0.21 miles
  • Williamsburg Preparatory School 0.21 miles
  • Brooklyn Preparatory High School 0.21 miles
  • Williamsburg Charter High School 0.42 miles
  • Green School: An Academy For Environmental Careers 0.49 miles
Junior High-Intermediate-Middle
  • Conselyea Preparatory School 0.33 miles
  • John Ericsson Middle School 126 0.42 miles
  • J.h.s. 050 John D. Wells 0.51 miles
Secondary School
  • Lyons Community School 0.49 miles
  • Young Women's Leadership School Of Brooklyn 0.49 miles
School information provided by Marketproof. Please reach out to schools directly to verify all information and enrollment eligibility.

Transportation Near 550 Metropolitan Avenue

Subway
  • lorimer st (0.02 miles) L
  • metropolitan ave (0.1 miles) G
  • graham ave (0.35 miles) L
  • bedford ave (0.38 miles) L
  • hewes st (0.52 miles) J M
  • marcy ave (0.55 miles) J M Z
  • broadway (0.55 miles) G
  • grand st (0.56 miles) L
Transportation information provided by Marketproof.

About East Williamsburg

Hugged by Greenpoint, Bushwick, and (naturally) Williamsburg, East Williamsburg is a hybrid of these three hip, adventurous, and creative communities. Isolated from multiple MTA lines, East Williamsburg enjoys its seclusion…

The East Williamsburg Condo Market

Sale Values For Neighborhoods Near East Williamsburg, NY

bedford stuyvesant homes for sale $896,095
greenpoint homes for sale $1,479,961
bushwick homes for sale $746,821

Rent Values For Neighborhoods Near East Williamsburg, NY

bushwick homes for rent $3,466
bedford stuyvesant homes for rent $4,172
greenpoint homes for rent $15,000
Data by Marketproof

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.

Information is provided exclusively for users personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties users may be interested in purchasing.

550 Metropolitan Avenue, COMM
550 Metropolitan Avenue, COMM
550 Metropolitan Avenue, COMM
550 Metropolitan Avenue, COMM
550 Metropolitan Avenue, COMM
550 Metropolitan Avenue, COMM
550 Metropolitan Avenue, COMM
550 Metropolitan Avenue, COMM
550 Metropolitan Avenue, COMM
550 Metropolitan Avenue, COMM
550 Metropolitan Avenue, COMM
550 Metropolitan Avenue, COMM
550 Metropolitan Avenue, COMM
550 Metropolitan Avenue, COMM
550 Metropolitan Avenue, COMM
550 Metropolitan Avenue, COMM

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