1 month on rocket

550 Metropolitan Ave Comm, Unit Comm, New York City, NY, 11211

$481,000

Home List Price

$5,712*

Closing Credit

1 Full Bath
481 SqFt
$1,000/SqFt
Condo

Location

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550 Metropolitan Ave Comm, New York$481,000

Buyer Closing Credits

$5,712*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Year Built1930
MLS #RPLU-33423229901
StatusActive

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.

Property Details

Property Features

Property Information:

  • Architectural Style: Walk-Up
  • Year Built: 1930
  • Living Area: 481 SqFt

Listing Office:

  • Office Name: Corcoran Group
  • Office Phone: (212) 355-3550
  • Listing Agent: Dan Brady
  • Agent Phone: (917) 202-5609

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 1

Exterior Features

Exterior Information:

  • Exterior: None

Price Information

Listing Price Info

Price Summary:

  • List Price: $481,000
  • Price Per SqFt: $1,000/SqFt

HOA Fees:

  • Amount: $177
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in New York, NY.

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New York, NY

City

Med. Sold Price

$850.1K

Med. Price/SqFt

$667

Avg. Days On Market

85

# of Sold Homes

1747

550 Metropolitan Ave Comm vs New York

47 DAYS ON ROCKET

-38 Days

$481,000

-$369.1K Less

$1,000/SqFt

+$332 More

KEY TAKEAWAY

This property is $369.1K less than the Median Sold Price and $332/SqFt more than other homes in New York, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: REBNY
  • MLS Number: #RPLU-33423229901

Listing Office:

  • Office Name: Corcoran Group
  • Office Phone: (212) 355-3550
  • Listing Agent: Dan Brady
  • Agent Phone: (917) 202-5609

IDX ©2024 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services.

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: 12/17/2024, 11:55:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$2,645

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,509

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4293474
6
/10

  • P.S. 132 The Conselyea School

  • 320 Manhattan Ave

  • 0.26 miles

  • Public District Grades KG-5

school-card-donut-4293475
1
/10

  • P.S. 18 Edward Bush School

  • 101 Maujer St

  • 0.29 miles

  • Public Magnet Grades PK-5

school-card-donut-4293476
6
/10

  • Brooklyn Arbor Elementary School

  • 325 S 3rd St

  • 0.34 miles

  • Public Magnet Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $70,455. The majority of New York, NY residents have income between $35k-100k annually. Most families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 550 Metropolitan Ave Comm

What is the listing price of this property?

The listing price of 550 Metropolitan Ave Comm property is $481,000.

What type of property is this?

The property 550 Metropolitan Ave Comm is a condo located in Unit Comm, New York City, New York, 11211.

Is this property for sale now?

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

How many bedrooms and bathrooms does this property have?

The property at 550 Metropolitan Ave Comm has 1 bathroom..

What is the square footage of this property?

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

Which year was this property built?

The year of construction for 550 Metropolitan Ave Comm is 1930.

Rocket Homes›New York›Kings County›New York›11211›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: 1 bathroom. It has been listed on Rocket Homes since October 31, 2024 and is currently priced at $481,000.

Over 220 listings were sold over their listed price in November 2024 in New York, NY. In the same period over 758 listings were sold below the listed price and 769 listings were sold for the listed price. The inventory of homes for sale in New York, NY between October 2024 and November 2024 decreased by 7.2%. The median list price of listings available in November 2024 was $850,115, while the average time on the real estate market was 85 days.

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

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