$500,000

550 Metropolitan Avenue Commercial New York City, NY 11211

$5,938
Closing credit¹
0 beds
1 partial
481 sqft
$1,040 / sqft
Condo

Property details

About 550 Metropolitan Avenue Commercial

Opportunity knocks!!! Where else can you start your own business with virtually no key money and in one of Brooklyn's hippest neighborhoods close to all forms of transportation including subway stops on both ends of the block! This is a very rare opportunity to own a commercial condo in the Williamsburg section of the borough. Most recently the space housed a wine bar, but this street-level space could accommodate many different commercial businesses. Think coffee shop, or a fun ice cream parlor, or even a dry goods space! Or how about a beauty salon? The world is your oyster! Boasting high ceilings, an ADA bathroom, and great exposure on Metropolitan Avenue, this space is truly what they mean when they say location, location location! Currently there is 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. If you were to purchase this as an investor, you would reap the rewards of low common charges, and your return on investment would be nonpareil to none. 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.

Highlights

Home typeCondominium
StatusActive
Size481 sqft
Year built2021
MLS #RLS20015272
ViewCity

Summary

  • Partial Bathrooms: 1
  • Basement: No
  • View: City
  • Exterior: Building Courtyard, None, PrivateOutdoorSpaceUnder60Sqft
  • Architectural Style: Walk-Up
  • List Price: $500,000
  • Price/SqFt: $1,039
  • HOA Amount: $177 Monthly
  • Year Built: 2021
  • Living Area: 481 SqFt
  • MLS Number: RLS20015272
  • MLS Name: RLS
  • Office Name: Corcoran Group
  • Office Phone: (212) 355-3550
  • Listing Agent: James Mh Kim
  • Agent Phone: (917) 756-9737

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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.

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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: 6/2/2025, 1:20:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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550 Metropolitan Avenue Commercial, New York City, NY 11211 - view of entrance to property

$500,000

550 Metropolitan Avenue Commercial

$5,938

closing credit¹

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0.5% sale price²

Price information

Property sales

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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.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $70,455. Most New York City, NY residents have annual incomes between $35k-100k. Typical family type 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 ConcertsMusic Concerts
  • Art MuseumsArt Museums
  • Hiking/backpackingHiking/backpacking

Where do the neighbors shop?

  • H&MH&M
  • BloomingdalesBloomingdales
  • Crate & BarrelCrate & Barrel

Where do the neighbors go to eat?

  • ChipotleChipotle
  • StarbucksStarbucks
  • Boston MarketBoston Market

What do the neighbors drive?

  • VolkswagenVolkswagen
  • AudiAudi
  • BMWBMW

What do the neighbors listen to?

  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • NewsNews
  • AlternativeAlternative
All data provided by Home Junction and Claritas

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Frequently asked questions

About 550 Metropolitan Avenue Commercial

The listing price of 550 Metropolitan Avenue Commercial property is $500,000.

The property 550 Metropolitan Avenue Commercial is a condo located in New York City, New York, 11211.

Active Listing: 550 Metropolitan Avenue Commercial is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 550 Metropolitan Avenue Commercial are: P.S. 132 The Conselyea School (GreatSchools Rating 6/10), P.S. 18 Edward Bush School (GreatSchools Rating 1/10), Brooklyn Arbor Elementary School (GreatSchools Rating 6/10), Conselyea Preparatory School (GreatSchools Rating 7/10), John Ericsson Middle School 126 (GreatSchools Rating 5/10), Jr High School 50 John D Wells (GreatSchools Rating 7/10), Williamsburg High School for Architecture and Design (GreatSchools Rating 7/10), Brooklyn Preparatory High School (GreatSchools Rating 5/10), Williamsburg Preparatory School (GreatSchools Rating 7/10).

The property at 550 Metropolitan Avenue Commercial has 0 bedroom and 0 full and 1 half bathrooms.

The property 550 Metropolitan Avenue Commercial is 481 SqFt (source: MLS/tax record).

The year of construction for 550 Metropolitan Avenue Commercial is 2021.

This home is located at 550 Metropolitan Avenue Commercial in New York City, NY and zip code 11211 in the East Williamsburg neighborhood. This 481 square foot home was built in 2021. Features: 0 bedroom, 1 bathroom. It has been listed on Rocket Homes since May 10, 2025 and is currently priced at $500,000.

In May 2025, from all listings sold in New York City, NY there were more than 207 sold above asking price, over 737 sold below and more than 936 were sold right at the asked price. Between April and May 2025, New York City, NY real estate market has seen increase in the number of listings by 0.3%. Listings spent 121 days on the market in May 2025, and had a median list price of $875,081 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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