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  • 574 Metropolitan Avenue
  • $ 3,500,000
574 Metropolitan Avenue East Williamsburg Brooklyn NY 11211
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574 Metropolitan Avenue

East Williamsburg   |   Union Avenue & Lorimer Street
Listing ID: 94325TH

  • $ 3,500,000
  • Bedrooms
  • Bathrooms
  • HouseBuilding Type
  • 3,380/314 Approx. SF/SM

  • Details
    • Multi-FamilyOwnership
    • $ 8,616Anual RE Taxes
    • 20'x40'Building Size
    • 24'x75'Lot Size
    • 1901Year Built
    • ActiveStatus

574 Metropolitan Avenue East Williamsburg Brooklyn NY 11211
  • Description
  • 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.

    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.

    Listing Courtesy of Corcoran Group
  • Contact
  • Matthew Coleman

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    Licensed Broker - President

    W: 212-677-4040
    M: 917-494-7209
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  • Matthew Coleman

    License

    Licensed Broker - President

    W: 212-677-4040
    M: 917-494-7209
    • Email Me
    • Download Contact

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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 REBNY Listing Service, Inc. All rights reserved. Additional building data provided by On-Line Residential [OLR].
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
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31 East 12th Street, New York, NY 10003
Tel: 212.677.4040 | Fax: 212.677.4041 | info@colemanrealestate.com
© 2026 by Coleman Real Estate.  All Rights Reserved
31 East 12th Street, New York, NY 10003
Tel: 212.677.4040
Fax: 212.677.4041
info@colemanrealestate.com

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31 East 12th Street, New York, NY 10003
T:   212.677.4040   |   Email:   info@colemanrealestate.com
T01.50.0.0 | Core: 50.0.0