232 Metropolitan AveBrooklyn, NY 11211

Property Details for 232 Metropolitan Ave

Year built

1910

Lot size

0.07 AC

Property size (Sq ft)

12,500 SF

Zone code

M12R6A

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

02366-0013

APU

23660013

Description

This 1,000-square-foot retail space is located at 232 Metropolitan Avenue in the heart of Williamsburg, Brooklyn, NY 11211. Situated on a vibrant, high-traffic street, this single-tenant property boasts an open floor plan ideal for various retail concepts. The space features high ceilings, large front windows providing ample natural light, modern finishes including exposed brick walls and polished concrete floors, and is move-in ready with freshly painted walls and new lighting fixtures. Amenities include a small back office/storage area, a restroom, and an HVAC system. The storefront offers excellent visibility and signage opportunities. The property is conveniently located near multiple subway lines (L, G, J, M, Z) and bus routes, making it easily accessible. Surrounding businesses include high-end boutiques, artisanal shops, cafes, and restaurants. Utilities (electricity, water, internet) are the tenant's responsibility. This space is perfect for fashion boutiques, specialty stores, art galleries, pop-up shops, showrooms, or small-scale production studios seeking a presence in this dynamic Brooklyn neighborhood. The rectangular layout maximizes usable area.

• CAP approach

  CAP return

  Valuation

  6%

  $2,562,613

  6.5%

  $2,365,489

  7%

  $2,196,526

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,531,538

  Geo Method

  $2,531,538

• Alternative Use

  Use

  Valuation

  Residential

  $2,365,489

  Hospitality

  $2,166,775

  Educational

  $1,802,732

  Medical

  $1,864,730

  Retail

  $2,804,249

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.7148

Longitude

-73.9598

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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