Property Description for 340-346 Metropolitan Ave
The Forray Team @ The Corcoran Group is proud to exclusively represent the Symister Portfolio. An Incredible investment opportunity for ownership of 340, 342 & 346 Metropolitan Avenue in the heart of Williamsburg, one of Brooklyn's strongest growth neighborhoods. There are x3 continuous tax lots offering an extremely rare development opportunity for a Prime Residential, Flagship Retail/Mixed Use or Full Commercial Development. Located in one of North Williamsburgs Highest Priced Retail and Residential Corridors. Each property currently has multi-family/mixed-use buildings and can also be improved for users or investors. Current Tax class is 1. The total size of the x3 adjacent lots are approximately 6,004 SF with a Total Buildable (FAR 2.7) SF of 16,211 SF and can have a higher Far of 3.7 totaling 21,614 with inclusionary housing. The approximate gross frontage on Metropolitan Avenue is 664 wide x 90 deep on average. 340 Metropolitan Avenue has an existing 2 story building and 342 & 346 Metropolitan both have a 3 story buildings on the property. Located on bustling Metropolitan Avenue in the core of Williamsburg Northside. There are numerous new developments including hotel, residential, and commercial rising on a daily basis. It's central location is proximate to the L subway line on Bedford Ave & L/G subway lines on Lorimer St, Marcy Ave. JMZ, multiple Parks, the East River & Waterfront. Sandwiched between North Williamsburgs Bedford Ave & Grand Street shopping district it is located in one of the Cities Top Residential & Retail Corridors. Easy access to the Brooklyn-Queens expressway. Some of your neighbors include The Pod Hotel, Apple Store, Whole Foods, WeWork, Citibank, Flywheel, Equinox & soon to come Trader Joes. Please email for a full set up.