574 METROPOLITAN Avenue
MLS® #RLS20080754
Listing by Corcoran Group
8
Bedrooms
6.5
Baths
3,380
Sq. Ft.
1901
Year Built
Quick Summary
Property Highlights
- Views: Other
- Character: Pre-war building (1901)
Property Details
Description
The Forray Team at The Corcoran Group is pleased to exclusively present 574 Metropolitan Avenue, a
distinguished mixed-use frame building offering exceptional scale, income potential, and long-term upside in
the heart of prime Williamsburg. Positioned along one of the neighborhood's most active commercial
corridors and moments from McCarren Park, this property presents a compelling opportunity for investors,
developers, and end-users seeking a trophy asset in one of Brooklyn's most dynamic markets.
The property spans approximately 3,840 gross building square feet and sits on a 24.75 ft 75.08 ft lot. Zoned
R7A with a C2-4 commercial overlay, the asset benefits from a 4.0 FAR and approximately 3,592 square feet
of remaining buildable area, allowing for a total buildable of 7,432 square feet. This zoning profile provides
meaningful expansion, repositioning, or redevelopment potential. With annual real estate taxes of
approximately $8,616 under favorable Tax Class 1 status, the property offers attractive carrying costs relative
to its scale and location. Currently offered at a 5% Cap Rate.
The building is configured as three residential rental units over a ground-floor & lower level retail space,
consisting of a 4-bedroom, 1-bathroom unit over a 4-bedroom, 1-bathroom unit over a studio apartment,
with a commercial retail storefront. This layout provides strong income-producing capability while offering
flexibility for an owner-occupant seeking supplemental rental income, a long-term investor targeting
Williamsburg's resilient rental market, or a buyer exploring repositioning and value-add strategies.
Generous ceiling heights, multiple exposures, and prominent frontage along Metropolitan Avenue create an
adaptable foundation for renovation, modernization, or vertical expansion. The mixed-use configuration
further enhances revenue diversification and long-term appreciation potential.
Ideally situated near the intersection of Metropolitan Avenue and Lorimer Street and just moments from
McCarren Park's expansive green space, recreational amenities, and year-round farmers market, 574
Metropolitan Avenue places occupants within immediate reach of Williamsburg's renowned dining, retail,
nightlife, and cultural destinations. Convenient access to the L and G subway lines provides seamless
connectivity to Manhattan and throughout Brooklyn.
Whether pursuing a cash-flowing mixed-use investment, an owner-occupied opportunity with income offset,
or a development play leveraging significant unused FAR, 574 Metropolitan Avenue offers a rare combination
of scale, zoning flexibility, and premier Williamsburg positioning.
Features & Amenities
Interior Features
Exterior Features
Building Amenities
Building Information
Financial Details
About Williamsburg
View All Williamsburg ListingsWilliamsburg is the global face of Brooklyn's cultural and residential renaissance. Defined by its stunning waterfront parks and the iconic L-train connection to Manhattan, the neighborhood offers a high-energy lifestyle. The real estate market is dominated by sleek, glass-walled luxury condominiums along the East River, alongside historic warehouse conversions and boutique new developments that cater to a wide range of buyers and renters.
Williamsburg Live Market Data
View NeighborhoodActive Listings
160
Median Asking Price
$1.99M
Median $/Sqft
$1,668
Avg Days on Market
N/A
New This Week
12
Price Reduced
11%
Sold (30 Days)
31
Median Sale Price
$1.23M
Live data from RLS at REBNY • Updated 4/1/26, 7:38 PM EST
Similar Listings in Williamsburg
View AllLocation
574 METROPOLITAN Avenue, Williamsburg, Kings County
Floor Plans
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Market Data
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Map & Location
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Listing Courtesy of Corcoran Group - Christopher V Cavorti
Listing Contact: (914) 804-7091
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RLS Data display by Keller Williams NYC. Data last updated on 4/1/2026 at 11:38 PM UTC