Homes for sale - 550 METROPOLITAN Avenue #COMM, Brooklyn, NY 11211 ...

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DEXTER PHILLIP

dexter.phillip@exprealty.com +1(917) 809-9210

Listing Courtesy of Corcoran Group

$ 481,000

Est. payment | -/mo

1 Bath

481 SqFt

Save

$ 481,000

Est. payment | -/mo

Save

1 Bath

481 SqFt

Key Details

Property Type Condo

Sub Type Condo

Listing Status Active

Purchase Type For Sale

Square Footage 481 sqft

Price per Sqft $1,000

Subdivision Williamsburg,North

MLS Listing ID RPLU-33423229901

Style Walk-Up

HOA Fees $177/mo

HOA Y/N Yes

Year Built 1930

Property 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 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.

Location

State NY

County Kings

Zoning R7A

Building 550 Metropolitan Avenue

Rooms

Basement Other

Interior

Fireplace No

Laundry Building None

Exterior

Exterior Feature None

View Y/N No

Present Use Investment

Porch None

Private Pool No

Building

Story 3

New Construction No

Others

Ownership Condominium

Monthly Total Fees $177

Special Listing Condition Standard

Pets Allowed Building No, No

RLS Data display by eXp Realty

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+1(917) 809-9210

dexter.phillip@exprealty.com

104 West 40th Street 4th Floor, New York, NY, 10018, USA

550 METROPOLITAN Avenue #COMM Brooklyn, NY 11211