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Property Address

340 Metropolitan Avenue, Brooklyn (Williamsburg), NY  11211

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Property Details

Status
Active
Town
Brooklyn
Type
Multi-family
Year Built
1899
BuildingType
Townhouse
Cooling
Unknown Type
Lot Size
16'3"x90'
Est. Taxes
$1,892
Days on Market
42 days
Building Access
Walk-up
Service Level
Voice Intercom
Built Size
16'3"x40'
OLR#
CORC5749519

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$8,700,000

Estimated PMT - $32,729 / Mo.*

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340 Metropolitan Avenue, Brooklyn, NY, New York 11211. Introducing 340 Metropolitan Avenue, Prime Flagship Residential Mixed Use Development Site with approved plans located in one of North Williamsburgs Highest Priced Residential & Retail Corridors.Designed by MORTAR ARCH+DEV 340 Metropolitan Ave is Shovel Ready development opportunity with 10x Residential Units and 1 Ground Floor Retail Space. Tailored for Luxury Condos where sales on Metropolitan have exceeded $1600-1800/SF, retail rents eclipse $125/SF & residential units rent well over to $60/SF making this a top choice for a Mixed Use Boutique Development. The Lot is irregular measuring approximately +/- 408 x +/-92 and the DOB Approved Gross SF for the building is 14,633 with an estimated 12,499 Saleable SF. Potential to amend the plans for more retail and residential layouts change is feasible.****Approved Plans will be provided upon request.Located on bustling Metropolitan Avenue in the core of Williamsburg Northside. There are numerous new developments including hotel, residential, and commercial rising on a daily basis. A central location which is proximate to the L subway line on Bedford Ave & L/G subway lines on Lorimer St, Marcy Ave. JMZ, multiple Parks, the East River & Waterfront. Sandwiched between North Williamsburgs Bedford Ave & Grand Street shopping district it is located in one of the Cities Top Residential & Retail Corridors. Easy access to the Brooklyn-Queens expressway. Some of your neighbors include The Pod Hotel, Apple Store, Whole Foods, WeWork, Citibank, Flywheel, Equinox & soon to come Trader Joes.

 
 

Listing courtesy of The Corcoran Group