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$480,500
List Price: $481,000
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550 Metropolitan Avenue #COMM
Condop in Williamsburg •  building info
studio • 1ba • 481ft² $1,000 per ft²
Buy with Yoreevo

$480,500

List Price

$481,000

Key Details
Days on market
76
Last price change
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Estimated payment
$2,609
Monthly taxes
N/A
Monthly maintenance
$177
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.

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Important Stuff
Doorman
Building Amenities
Bike Room
Package Room
Fios Available
Outdoor Space
Roof Deck
Building info

History
What it'll cost
Purchase price
$481,000
Asking Price: $481,000
Term
30 Years
Down Payment
$96,000 (20%)
Min: 20% (96,000)
Rate
6.5 %
Mortgage Amount
$384,800
Mortgage Payment
$2,432
Maintenance
$177
Estimated Yoreevo rebate
$500
Estimated closing cost
$7,000
Total monthly cost $2,609
Buy your dream home with us and get an estimated $500 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of Corcoran Group

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