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Type:
Multifamily
Units:
Property Description
Investment Property Realty Group (IPRG) has been exclusively retained to sell 723 Metropolitan Avenue. The subject property is situated in a prime location, just steps from the Graham Avenue L train station and a short walk to the Lorimer Street G/L subway lines. Public transportation is easily accessible, including nearby Citibike stations and multiple bus routes. The neighborhood is vibrant, offering a variety of dining, shopping, and entertainment options such as Fortunato Brother Bakery, Bernie’s, Carmine’s, Settebello Pizzabar, and Lorimer Market.
The property currently features a brick, three story pre-war building offering 5 apartments all of which will be delivered vacant. The building is built 27 ft x 40 ft, offering approximately 3,240 square feet. 723 Metropolitan Avenue sits on a 27 ft x 86 ft lot and offers a total of 9,288 buildable SF as-of- right providing massive opportunity for upside.
723 Metropolitan Avenue offers prospective investors the incredibly rare opportunity to purchase a building in the heart of Williamsburg with significant redevelopment potential, robust cash flow and future increases in property market values.
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Block & Lot:
02759-0032
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Neighborhood:
Williamsburg
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Cross Streets:
Graham Ave & Manhattan Ave
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Building Dimensions:
27 ft x 40 ft
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Lot Dimensions:
27 ft x 86 ft
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Units:
5
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Zoning:
R7A, C2-4
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FAR:
4.0
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Tax Class:
2A
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