710 Metropolitan Ave - Retail Condo at The Umbrella Factory
3,885 SF Retail Condo Unit Offered at $6,488,550 CAD in Brooklyn, NY 11211
INVESTMENT HIGHLIGHTS
- Fully-leased, 4-unit retail condominium with 109 FT of frontage at high-traffic Metropolitan Avenue location
- Situated steps from the Graham Avenue L train at Metropolitan Avenue
- Stabilized retail investment features a diverse tenant mix that includes both established and emerging local businesses.
PROPERTY FACTS
1 UNIT AVAILABLE
Unit C
| Unit Size | 3,885 SF |
| Price | $6,488,550 CAD |
| Price Per SF | $1,670.15 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 6.27% |
| NOI | $406,615.80 CAD |
DESCRIPTION
The Condo is located on the ground level of the Umbrella Factory, a recently developed and restored 69-unit, 7-story condominium building. The Condo is fully leased to four tenants, including Casa Ziki, an established home goods company and neighborhood staple; City Chemist, an established local pharmacy currently relocating into the space; Brooklyn House of Movement, a gym studio; and Kinhfolk, a Vietnamese coffee shop.
This Condo is strategically situated on Metropolitan Avenue, a major thoroughfare leading to a neighborhood known for its vibrant cultural scene and evolving retail market. Williamsburg has transformed into a hotspot for national and international brands, attracting a young, affluent demographic that values experiential shopping and unique retail experiences. This cash-flowing investment is ideally suited for long-term appreciation and growth in the surrounding market.
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Tile Floors
- Double Vanities
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Views
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Fitness Center
- Laundry Facilities
- Doorman
- Grill
- Package Service
- Pet Play Area
- Roof Terrace
- Bicycle Storage
- Car Charging Station
- Elevator
- Lounge
- Maintenance on site
- Online Services
- Pet Washing Station
- Sundeck
- Public Transportation
ZONING
| Zoning Code | R7A/C2-4 (R7 - Medium-density apartment house district with lower parking requirements) |
