342 Metropolitan Avenue: Currently configured as a 3 Family Home with basement which is perfect for User & Investor alike. Walk in and create a beautiful Single Family Home, a Mixed Use Property with prime retail with multi-unit residential or go full commercial. Features: Masonry & Framed Building, 3 Stories and Full Height basement , All units are rent ready, sitting on a 25x90 lot with a building size of approximately 2,530SF. The M1-2/R6A, MX-8 Zoning allows all uses coupled with an FAR of 2.7 and available air rights of approximately $3,567 SF you can build the property to approximately 6,094 Gross SF. Located on bustling Metropolitan Avenue which is the bridge of Prime Williamsburg Northside & Super Hot Up-Trending Southside. There are numerous new developments including hotel, residential, and commercial rising on a daily basis. It's central location is proximate to the L subway line on Bedford Ave & L/G subway lines on Lorimer St, Marcy Ave. JMZ, multiple Parks, the East River & Waterfront. Sandwiched between North Williamsburgs Bedford Ave & Grand Street shopping district it is located in one of the Cities Top Residential & Retail Corridors. Easy access to the Brooklyn-Queens expressway. Some of your neighbors include The Pod Hotel, Apple Store, Whole Foods, WeWork, Citibank, Flywheel, Equinox & soon to come Trader Joes. Please email for a full set up Please Note: The property can be sold with 340 & 346 Metropolitan Avenue.
Williamsburg, located in the borough of Brooklyn, borders Greenpoint to the north, Bedford-Stuyvesant to the south, Bushwick, East Williamsburg, and Ridgewood (Queens) to the east, and Fort Greene to the West. Williamsburg has rapidly evolved from a manufacturing neighborhood in the mid-1990s to the gentrified and highly sought-after real estate destination it’s known for today. Known for its vibrant nightlife, art scene, and its ever-expanding food scene, Williamsburg is an ideal fit for the artistically inclined (not to mention the hipster generation). With its proximity to Lower Manhattan, Williamsburg has emerged as the preferred home base for many young workers in New York City.
With the recent unprecedented rate cut by the Federal Reserve, banks have been inundated with people looking to take advantage of lower interest rates. Because of the overwhelming demand, we have not yet seen a huge reduction in mortgage rates. While we aren’t there yet, it is likely that we will see a dramatic shift in the upcoming months, which raises the question, “What does a 1 point difference in interest rate do for my bottom line?”Read more