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574 Metropolitan AvenueBrooklyn, NY 11211

For Sale

$3,500,000

Smart Buyer Rebate $43,750

The Forray Team at The Corcoran Group is pleased to exclusively present 574 Metropolitan Avenue, a
distinguished mixed-use frame building offering exceptional scale, income potential, and long-term upside in
the heart of prime Williamsburg. Positioned along one of the neighborhood's most active commercial
corridors and moments from McCarren Park, this property presents a compelling opportunity for investors,
developers, and end-users seeking a trophy asset in one of Brooklyn's most dynamic markets.

The property spans approximately 3,840 gross building square feet and sits on a 24.75 ft 75.08 ft lot. Zoned
R7A with a C2-4 commercial overlay, the asset benefits from a 4.0 FAR and approximately 3,592 square feet
of remaining buildable area, allowing for a total buildable of 7,432 square feet. This zoning profile provides
meaningful expansion, repositioning, or redevelopment potential. With annual real estate taxes of
approximately $8,616 under favorable Tax Class 1 status, the property offers attractive carrying costs relative
to its scale and location. Currently offered at a 5% Cap Rate.

The building is configured as three residential rental units over a ground-floor & lower level retail space,
consisting of a 4-bedroom, 1-bathroom unit over a 4-bedroom, 1-bathroom unit over a studio apartment,
with a commercial retail storefront. This layout provides strong income-producing capability while offering
flexibility for an owner-occupant seeking supplemental rental income, a long-term investor targeting
Williamsburg's resilient rental market, or a buyer exploring repositioning and value-add strategies.

Generous ceiling heights, multiple exposures, and prominent frontage along Metropolitan Avenue create an
adaptable foundation for renovation, modernization, or vertical expansion. The mixed-use configuration
further enhances revenue diversification and long-term appreciation potential.

Ideally situated near the intersection of Metropolitan Avenue and Lorimer Street and just moments from
McCarren Park's expansive green space, recreational amenities, and year-round farmers market, 574
Metropolitan Avenue places occupants within immediate reach of Williamsburg's renowned dining, retail,
nightlife, and cultural destinations. Convenient access to the L and G subway lines provides seamless
connectivity to Manhattan and throughout Brooklyn.

Whether pursuing a cash-flowing mixed-use investment, an owner-occupied opportunity with income offset,
or a development play leveraging significant unused FAR, 574 Metropolitan Avenue offers a rare combination
of scale, zoning flexibility, and premier Williamsburg positioning.

Listed by Christopher V Cavorti

·

Corcoran Group

·

(914) 804-7091

Listed by Marvin Chu

·

Corcoran Group

Last updated April 01, 2026

·

Source: REBNY #RLS20080754

RLS Data display by Prevu Real Estate LLC

Listing Facts

  • TypeSingle-family
  • NeighborhoodEast Williamsburg
  • Bedrooms8
  • Bathrooms5.5
  • Days on Prevu3
  • Taxes$8,616/year
  • Size3,380 sqft
  • Price per sqft$1,036

Amenities

  • Private Outdoor Space

Location

Mortgage Calculator

Listing History

04/01/2026
Listed by Corcoran Group
$3,500,000

Estimated Closing Costs

Total
$131,650
Attorney Fees
$4,000
NYC Mansion Tax
$52,500
Title Insurance
$15,750
Bank Attorney
$1,500
Mortgage Recording Tax
$53,900
Other Closing Costs
$4,000

Estimated closing costs are based on the list price of $3,500,000 and a 20% 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 574 Metropolitan Avenue

Association

Amenities

  • Pets Allowed: Building Yes, No

Exterior

Construction

  • Number Of Units Total: 4
  • Stories Total: 3
  • Structure Type: Mixed Use
  • Year Built: 1901
  • Entry Level: 1

Measurements

  • Building Area Total: 3,380
  • Building Area Units: SquareFeet
  • Lot Size Area: 1,858
  • Lot Size Dimensions: 75
  • Lot Size Units: SquareFeet

Financial

Taxes

  • Parcel Number: 02761-0028
  • Tax Annual Amount: $8,616.00

Interior

Features

  • Interior Features: Smoke Free

Measurements

  • Living Area: 3,380
  • Living Area Units: SquareFeet

Rooms

  • Bathrooms Full: 5
  • Bathrooms Half: 1
  • Bathrooms Total Integer: 6
  • Bedrooms Total: 8
  • Rooms Total: 16

Other

Location

  • City Region: Brooklyn
  • Subdivision Name: Williamsburg
  • Tax Block: 02761
  • Tax Lot: 0028

Utilities

Equipment

  • Laundry Features: In Unit

Frequently Asked Questions

How many bedrooms and bathrooms does this single-family home have?

There are 8 bedrooms and 5.5 bathrooms in this single-family home at 574 Metropolitan Avenue.

What are the annual taxes for 574 Metropolitan Avenue?

Annual taxes for this single-family home are estimated at $8,616.

How does 574 Metropolitan Avenue compare to other single-family homes in East Williamsburg?

This single-family home is listed 20% above the average price for single-family homes in East Williamsburg and has been on the market for 78 less days than the typical home in this area.

What is the square footage on this single-family home?

According to the MLS, this listing is 3,380 sqft.

574 Metropolitan Avenue is a 8-bedroom, 5.5-bath single-family home for sale in Brooklyn NY 11211. Available on Prevu for 3 days at $3,500,000. This home features 3,380 square feet of living space, located in East Williamsburg. The median listing price for single-family homes in this area is $1,122,500. The home offers private outdoor space. Explore more single-family home listings in Brooklyn.

RLS Data display by Prevu Real Estate LLC The Registrant acknowledges each other RLS Broker's ownership of, and the validity of their respective copyright in, the Exclusive Listings that are transmitted over the RLS. The information is being provided by RLS at REBNY Listing Service, Inc. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. 2026 RLS at REBNY Listing Service, Inc. All rights reserved. Based on information from the 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. 2026 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.