Mixed-Use Brick Building with
For Sale
Contact for pricing
Pending
524 Metropolitan Avenue, Brooklyn, NY 11211
Fully occupied, recently renovated 22-unit mixed-use brick building with residential apartments above a leased restaurant.
Days on Market10
Property Features for 524 Metropolitan Avenue
General Information
Standard status
Pending
Property subtype
Multifamily, Mixed Use
Occupancy
100%
Additional Details
Multifamily Units
20
Building Details
Tenancy
Multi
Listing Agency:
JLL - New York City, New York
(212) 376-5449
Listed By:
Brendan Maddigan · License #NY 10301206472
Source:
Crexi
Added: Jul 21
Changed: Jul 22
Last Checked: Jul 26 at 8:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL - New York City, New York
Investment Insights
Based on property information with market context.
This fully occupied, recently renovated 22-unit brick mixed-use building is offered for sale. The residential component includes fifteen (15) two-bedroom apartments and five (5) one-bedroom apartments. The ground-floor commercial space is leased to restaurant Yola’s Café, and additional income is generated through sign space leased to Colossal Media.
The property is located within 100 feet of the L and G train station at Metropolitan Avenue / Lorimer Street. The surrounding area is home to neighborhood hotspots including Union Pool, Barcade, Sugarburg, Suzume, and the Blind Barber. Across the street, Chetrit Group’s 500Metro hotel development further supports activity in the corridor.
The building currently generates nearly $757,000 in gross annual revenue.
The property is located within 100 feet of the L and G train station at Metropolitan Avenue / Lorimer Street. The surrounding area is home to neighborhood hotspots including Union Pool, Barcade, Sugarburg, Suzume, and the Blind Barber. Across the street, Chetrit Group’s 500Metro hotel development further supports activity in the corridor.
The building currently generates nearly $757,000 in gross annual revenue.
Key Highlights
- Fully occupied 22‑unit brick mixed‑use building at 524 Metropolitan Avenue in Williamsburg, Brooklyn
- Residential mix: 15 two‑bedroom apartments and 5 one‑bedroom apartments above a leased restaurant
- Leased restaurant space: Yola’s Café; additional sign space leased to Colossal Media
Property Analytics
Current Use
Lease Details
20
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
8,468
Businesses Nearby
Explore this area
Business Placement
Demographics for 11211, NY
68,540
Population
29,068
Households
2.4
Avg Household Size
31
Median Age
55%
College-Educated
86%
High-School Grad
1.5 sq mi
ZIP Area
45,693
Density / Sq Mi
$105,183
Median Household Income
$67,533
Median Earnings
$2,357
Median Rent
$1,118,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied, recently renovated 22-unit mixed-use brick building with residential apartments above a leased restaurant.
Where is this apartment building located?
The property is located at 524 Metropolitan Avenue Brooklyn, NY.
What are key features of this property?
This property features: Fully occupied 22‑unit brick mixed‑use building at 524 Metropolitan Avenue in Williamsburg, Brooklyn; Residential mix: 15 two‑bedroom apartments and 5 one‑bedroom apartments above a leased restaurant; Leased restaurant space: Yola’s Café; additional sign space leased to Colossal Media
