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550 Metropolitan Avenue COMMERCIALBrooklyn, NY 11211

For Sale

$500,000

Smart Buyer Rebate - Ask

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.

Listed by James Mh Kim

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License #30KI0846587

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Corcoran Group

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(917) 756-9737

Last updated May 09, 2025

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Source: REBNY #RLS20015272

Listing Facts

  • TypeCondo
  • NeighborhoodEast Williamsburg
  • Bathrooms0.5
  • Days on Prevu151
  • HOA/Maint. Fees$177/month
  • Size481 sqft
  • Price per sqft$1,040

Amenities

  • Private Outdoor Space

Location

Mortgage Calculator

Listing History

04/22/2025
Status changed to Active
$500,000
04/20/2025
Status changed to Removed from Feed
$500,000
04/09/2025
Listed by Corcoran Group
$500,000

Estimated Closing Costs

Total
$19,849
Attorney Fees
$4,000
Title Insurance
$2,250
Bank Attorney
$1,500
Mortgage Recording Tax
$8,099
Other Closing Costs
$4,000

Estimated closing costs are based on the list price of $500,000 and a 10% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 550 Metropolitan Avenue COMMERCIAL

Association

Amenities

  • Pets Allowed: Building Yes, No

Fees

  • Association Fee: $177.00 Monthly

Compensation

Commissions

  • Buyer Agency Compensation: 3.0Percent

Exterior

Construction

  • Number Of Units Total: 9
  • Property Condition: Excellent
  • Stories Total: 7
  • Year Built: 2021
  • Entry Level: 1

Features

  • View: City

Interior

Measurements

  • Living Area: 481
  • Living Area Units: SquareFeet

Rooms

  • Bathrooms Half: 1
  • Bathrooms Total Integer: 1
  • Rooms Total: 2

Other

Location

  • City Region: Brooklyn
  • Subdivision Name: Williamsburg,North
  • Tax Block: 02761
  • Tax Lot: 0019

Based on information from Real Estate Board of New York and/or other sources. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.