$5,688 Closing Credit¹
#L3574438, Listing Office: Capri Jet Realty Corp
#RLS11016506·
Listing Office: Corcoran Group·
Listing Agent: Dan Brady·
Listing Agent Phone: (917) 202-5609·
Listing Office Phone: (212) 355-3550
$481,000 List price
550 Metropolitan Ave Comm Unit Comm, New York City, NY 11211
$5,712
Closing credit¹
0 beds
1 full
481 sqft
$1,000 / sqft
Condo
Property details
About 550 Metropolitan Ave Comm
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.
Highlights
Home typeCondominium
StatusActive
Size481 sqft
Year built1930
MLS #RLS11016506
Summary
- MLS Number: RLS11016506
- MLS Name: RLS
- Office Name: Corcoran Group
- Office Phone: (212) 355-3550
- Listing Agent: Dan Brady
- Agent Phone: (917) 202-5609
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Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property.
This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 2/27/2025, 11:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$481,000
550 Metropolitan Ave Comm
$5,712
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
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Nearby schools
6
P.S. 132 The Conselyea School
Public District KG-5
0.3 mi
•320 Manhattan Ave
1
P.S. 18 Edward Bush School
Public Magnet PK-5
0.3 mi
•101 Maujer St
6
Brooklyn Arbor Elementary School
Public Magnet KG-5
0.3 mi
•325 S 3rd St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $70,455. The most common annual income of people living in Unit Comm, New York City, NY is between $35k-100k. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
19%
<35k
59%
35k-100k
19%
100k-200k
3%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
68%
Single, No Kids
4%
Single, with Kids
19%
Married, No Kids
9%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
5%
<11 yrs old
3%
12-17 yrs old
51%
18-34 yrs old
31%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
Music Concerts
Art Museums
Hiking/backpacking
Where do the neighbors shop?
H&M
Bloomingdales
Crate & Barrel
Where do the neighbors go to eat?
Chipotle
Starbucks
Boston Market
What do the neighbors drive?
Volkswagen
Audi
BMW
What do the neighbors listen to?
Rhythmic Contemporary Hits
News- Alternative
All data provided by Home Junction and Claritas
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Frequently asked questions
About 550 Metropolitan Ave Comm
This home is located at 550 Metropolitan Ave Comm in Unit Comm, New York City, NY and zip code 11211 in the East Williamsburg neighborhood. This 481 square foot home was built in 1930. Features: 0 bedroom, 1 bathroom. It has been listed on Rocket Homes since October 31, 2024 and is currently priced at $481,000.
In January 2025 more than 208 listings in Unit Comm, New York City, NY were sold above the asking price. During the same period more than 890 listings were sold at asking price, while more than 759 were sold below. Between December and January 2025, Unit Comm, New York City, NY real estate market has seen decrease in the number of listings by 3.4%. The median list price of listings available in January 2025 was $862,270, while the average time on the real estate market was 79 days.
From Rocket Homes Real Estate and based on county public records data.