$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
- 35 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 #RPLU-33423229901
Listed
$481,000
Schools & Community
Neighborhood:
Williamsburg
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 11/22/2024 at 11:10 AM
Listing updated: 10/31/2024 at 3:42 PM
Listed by: Dan Brady, Corcoran Group Phone #: (212) 355-3550
MLS: REBNY #RPLU-33423229901
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