Mixed-Use Development Opportunity in Williamsburg
536, 546, 554 & 558 Metropolitan Avenue
Williamsburg
Closed 11/20/2024 at
$22,000,000
Cross Street Union Ave / Lorimer St
Buildings 4
Existing Building SF 19,630
Zoning R7A, C2-4
Subways
g
l
✕
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Development
536, 546, 554 & 558 Metropolitan Avenue,
Williamsburg
718-489-8333
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Residential Units 10
Opportunity Zone Yes
Commercial Units 6
Overview
TerraCRG has been retained exclusively to represent ownership in the sale of the mixed-use development site at 536, 546, 554 and 558 Metropolitan Avenue in Williamsburg.
The four-property portfolio has a combined total of almost 125 ft of frontage on Metropolitan Avenue between Union Avenue and Lorimer Street. The properties all connect in the rear with a total footprint of 21,120 SF, allowing for air rights to be transferred throughout. The R7A, C2-4 zoning yields a base ZFA of 72,864 SF and up to 97,152 SF with the inclusionary housing bonus FAR.
The properties are situated directly between the Metropolitan Ave G train and Lorimer Street L train subway stops.
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