Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
574 METROPOLITAN Avenue
Interested in this property?
Active For Sale Mixed Use

$3,500,000

$1,036 per sq ft

574 METROPOLITAN Avenue

Williamsburg, Brooklyn

MLS® #RLS20080754

RLS at REBNY

Listing by Corcoran Group

8

Bedrooms

6.5

Baths

3,380

Sq. Ft.

1901

Year Built

Quick Summary

Bedrooms 8
Bathrooms 6 full, 1 half
Living Area 3,380 sq ft
Lot Size 1,858.23 sq ft
Year Built 1901
Ownership None
Property Taxes $8,616/yr
Neighborhood Williamsburg
Floor 1 of 3

Property Highlights

  • Views: Other
  • Character: Pre-war building (1901)

Property Details

Type Mixed Use
Ownership None
Total Rooms 16
Baths 5 Full, 1 Half
Floor 1 of 3
View Other
Pets Yes
Year Built 1901
Living Area 3,380 sq ft
Structure Type MixedUse
Basement Other
Lot Size 1,858.23 sq ft
Parcel # 02761-0028
Block/Lot 02761/0028

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

Smoke Free In Unit

Exterior Features

Private Outdoor Space Under60 Sqft

Building Amenities

Green Building

Building Information

Total Units 4
Stories 3
Structure MixedUse

Financial Details

RE Taxes $8,616/yr ($718/mo)

Williamsburg 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 Neighborhood

Active 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

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Location

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574 METROPOLITAN Avenue, Williamsburg, Kings County

Floor Plans

Floor Plan
MLS® ID: RLS20080754
First Listed: 4/1/2026
On Market: 4/1/2026
Price Changed: 4/1/2026
Contract Date: 4/1/2026

Listing Courtesy of Corcoran Group - Christopher V Cavorti

Listing Contact: (914) 804-7091

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 4/1/2026 at 11:38 PM UTC

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