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550 Metropolitan Ave
481 SF Office/Retail Condo Unit Offered at $481,000 in Brooklyn, NY 11211
Property Facts
1 Unit Available
Unit COMM
| Unit Size | 481 SF | Condo Use | Office/Retail |
| Price | $481,000 | Sale Type | Investment or Owner User |
| Price Per SF | $1,000.00 |
| Unit Size | 481 SF |
| Price | $481,000 |
| Price Per SF | $1,000.00 |
| Condo Use | Office/Retail |
| Sale Type | Investment or Owner User |
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.
Sale Notes
Prime Location in East Williamsburg Near L Train
Excellent Buildout
ADA Bathroom
High Ceilings
16 feet of Frontage
High Traffic Area
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | 773 |
| 2+2 | 2 | - | 1,648 |
| 3+3 | 2 | - | 1,816 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- Doorman
- Roof Terrace
zoning
| Zoning Code | R7A,C2-4 |
| R7A,C2-4 |
-
Dan Brady -
The Corcoran Group
Presented by
550 Metropolitan Ave
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