Welcome to 441 Metropolitan Ave Brooklyn NY 11211. This 3-story mixed-use asset is located on Metropolitan Ave between N 5th Street and Meeker Ave in prime Williamsburg. 441 Metropolitan Ave is a three-story mixed-use building with three units total, consisting of one commercial component and two residential units. The property is fully occupied with existing cash flows that can be substantially increased with light value-add cosmetic lipstick and makeup improvements in the residential units. We compiled the most recent rental comps in the immediate area and found that newly renovated 2-bedroom 1-bathroom apartments in this area should rent at 3,900 per month. "We Got Company" cocktail bar leased the ground floor retail space until 2028 with 3.0% annual escalations. Brooklyn is ubiquitously known for being the 4th largest city in all of America. Williamsburg has been growing at a rapid pace and has become an influential hub for fashion, music, art, food and hipster culture. The blend of energy and tranquility contributes largely to the neighborhood's character. Reach out to coordinate property tours. You don't want to miss out on this opportunity.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
