Williamsburg,North

Address: ‎550 METROPOLITAN Avenue COMM #COMM

Zip Code: 11211

bed (STUDIO), 481ft2

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$481,000

ID # RLS11016506

English

Broker Contact

Corcoran Group Office: ‍212-355-3550

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ID #‎ RLS11016506
Detailsbed (STUDIO), Interior: 481 ft2, 45m2, 5 Units in the building, Building has 3 floors
(DOM): 26 days
Construction Year1930
Maintenance Fees$177
Taxes
(per year)
$6,180
Bus1 min: B24, B48, Q59
4 min: Q54
6 min: B43
8 min: B60, B62
10 min: B46
Subway0 min: L
2 min: G
10 min: J, M
LIRR1.9 miles: "Long Island City"
2 miles: "Hunterspoint Avenue"

Home price

$481,000

Loan amt (per month)

$2,432

Down payment

$96,200

Interest Rate
Length of Loan

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房屋英文概況 English 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.

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.

Courtesy of Corcoran Group

公司: ‍212-355-3550




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$481,000

ID # RLS11016506
‎550 METROPOLITAN Avenue COMM
New York City, NY 11211
bed (STUDIO), 481ft2


Listing Agent(s):‎
Are you the listing agent? Sign up to add your name and cell #‎

Office: ‍212-355-3550

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