550 Metropolitan Avenue

550 Metropolitan Avenue is a condo located in East Williamsburg, Brooklyn. The building was first built in 2020 and is 4 years old. The lot that the building was built on is 25 feet wide and 120 feet long. The official lot area is listed as 3,000 square feet. The building itself is 24 feet wide and 79 feet long. In total, 550 Metropolitan Avenue has a total floor area of 11,768 square feet. Of that, 10,976 square feet are used for residential purposes. About 792 square feet of the building are used for commercial purposes. There are a total of 10 units. Of those, 9 are residential units. There are 1 commercial units. 550 Metropolitan Avenue has a total of 6 floors.

Interested in learning more about the building? Great news, subletting is currently allowed, which makes this a great opportunity for folks who just want a secondary home or make some passive rental income. There are many great amenities and features for residents in the building. You can expect to be greeted by a doorman on a daily basis. The same doorman will make sure that your packages are delivered properly and secure! Alternatively, take a stroll around the building's courtyard. Residents who own pets will be happy to hear that the building is pet-friendly. There are 17 closings on record, of which we have matching data for 7 listings. In the past 3 years, a listing in this building will typically remain on the market for about 211 days Meaning, listings tend to sell at a median of $1,357 price per square foot. The transaction that took the longest to complete was unit 2A, listed on May 26, 2021 for $999,000. This particular unit ultimately sold 292 days later for $1,017,230. The most recent transaction was for unit PHA, sold for $2,400,000 on Jun 17, 2022. Fun fact, the oldest transaction we have on record took place on Aug 27, 1970. See the full transaction history for 550 Metropolitan Avenue below.

East Williamsburg, where 550 Metropolitan Avenue is located, has a median asking price of $1,100,000 for condo buildings. Meanwhile, the building itself has a median asking price of $1,050,000. For interested buyers, that means the building's median asking price is around 0.05% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

There is currently one active listing for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. The asking price for the only active sales listing is $1,185,000. It is a 774 sqft 2-bedroom and 1-bathroom unit.