Great Development Opportunity in Prime Williamsburg! 550 Metropolitan Avenue a 1930 brick five family home will be delivered vacant. Located in the heart of Williamsburg, only...
Great Development Opportunity in Prime Williamsburg! 550 Metropolitan Avenue a 1930 brick five family home will be delivered vacant. Located in the heart of Williamsburg, only half a block away from the Lorimer St L & G trains and several blocks away from Marcy St M - train stop. The lot is 25 by 120 feet representing an ideal new development opportunity with 12,000 sq. ft. buildable space. Zoning is C2-4/R7A. This property is also only half a block away from new 200 room hotel & condo development by Chetrit at 500 Metropolitan Avenue. Owner has all permits in place to start demolition and excavation. There are architectural plans in place for new development with 5 luxury condo lofts and a commercial unit on the ground floor. Residential condos in the area are selling for $1,250 sq.ft.
Listing Provided Courtesy of
DOUGLAS ELLIMAN LLC
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Data last updated: Friday, February 12, 2016 at 9:53 AM. Properties in listings may have been sold or may no longer be available.