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$495,000
List Price: $500,000
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550 Metropolitan Avenue #COMMERCIAL
Condop in Williamsburg •  building info
studio • 0.5ba • 481ft² $1,040 per ft²
Buy with Yoreevo

$495,000

List Price

$500,000

Key Details
Days on market
42
Last price change
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Estimated payment
$2,705/mo
Taxes
N/A
Maintenance
$177/mo
Description
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.

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Important Stuff
Virtual Doorman
Building amenities
Services and facilities
Bike Room
Fios Available
Package Room
Shared outdoor space
Roof Deck
Building info

History
What it'll cost
Purchase price
$500,000
Asking Price: $500,000
Term
30 Years
Down Payment
$100,000 (20%)
Min: 20% (100,000)
Rate
6.5 %
Mortgage Amount
$400,000
Mortgage Payment
$2,528
Maintenance
$177
Estimated Yoreevo rebate
$5,000
Estimated closing cost
$7,000
Total monthly cost $2,705
Buy your dream home with us and get an estimated $5,000 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of Corcoran Group

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