tomo logo

$481,000

Beds
Unknown
Baths
1.0
sq ft
481

550 Metropolitan Ave Unit COMM, Brooklyn, NY 11211

550 Metropolitan Ave Unit COMM

New York City, NY 11211

  • 66 days on market
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.

Details

Property type

Apartment

Lot size

Unknown

Price per sq ft

$1,000

Year built

1930

Monthly HOA fee

$177

Price History

10/18/2024
REBNY

REBNY #RPLU-33423229901

Listed
$481,000

Schools & Community

Neighborhood: 

Williamsburg

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 12/22/2024 at 9:20 PM

Listing updated: 10/31/2024 at 3:42 PM

Listed by: Dan Brady, Corcoran Group Phone #: (212) 355-3550

MLS: REBNY #RPLU-33423229901

REBNY logo

Recently listed in New York City

$1,550,000|5 bd|3.0 ba|Townhouse
$1,180,000|2 bd|2.0 ba|Condo
$2,450,000|2 bd|2.0 ba|Condo
$1,695,000|3 bd|2.0 ba|Condo
$2,895,000|3 bd|3.0 ba|Condo