348 Metropolitan AveBrooklyn, NY 11211

Property Details for 348 Metropolitan Ave

Year built

1927

Lot size

0.08 AC

Property size (Sq ft)

3,375 SF

Zone code

M12R6A

Property type

Retail properties

Property subtype

Auto shops

APN

02368-0019

APU

23680019

Description

This exceptional 4,400 square foot single-tenant property is ideally situated at 348 Metropolitan Avenue in the vibrant Williamsburg neighborhood of Brooklyn, New York. The property is classified as both retail and industrial, offering versatile usage options for a variety of businesses. Its prime location between Havemeyer Street and Roebling Street provides excellent visibility and accessibility. The building benefits from proximity to the Bedford Avenue L train station, ensuring convenient commuting for employees and customers. Public transportation options also include the Q24, B62, and Q59 bus lines. This thriving area boasts a diverse range of established businesses, creating a dynamic and attractive environment. Nearby establishments include well-known restaurants, bars, retail shops, art galleries, and educational institutions, such as Bar Madonna, Milk Bar, Savory Thai, The Commodore, Knitting Factory Brooklyn, Brother's Dry Cleaners, The MOUTH Kitchen + Bar, Brooklyn Art Haus, Rosa's Pizza, Fette Sau, Oh Boy Brooklyn, No-Space Gallery, Conselyea Preparatory School, The Nonbinarian Bookstore, and Benny's Barber Shop & Salon. The property's location in Kings County, New York, with a zip code of 11211, offers easy access to major transportation arteries and a strong local market. This presents a unique opportunity for a business seeking a high-visibility location in a bustling and rapidly developing area. The property is available for lease.

• CAP approach

  CAP return

  Valuation

  6%

  $820,243

  6.5%

  $757,147

  7%

  $703,065

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,111,263

  Geo Method

  $1,111,263

• Alternative Use

  Use

  Valuation

  Residential

  $638,682

  Hospitality

  $585,029

  Educational

  $486,738

  Medical

  $503,477

  Retail

  $757,147

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.714

Longitude

-73.9566

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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