$6,500,000
Updated 3 years ago
Off Market

1198 Metropolitan Ave

East Williamsburg, Brooklyn | Bushwick Ave & Orient Ave

27 Rooms11 Beds8 BathsIncome Property

$6,500,000
floors / apts3 / 8
Building TypeLoft
RE Taxes$84,164

Listing Features

  • Spiral Staircase

Outdoor space and views

  • Backyard
  • Balcony
  • Terrace

Building Amenities

  • Voice Intercom

Property Description for 1198 Metropolitan Ave

Williamsburg Firehouse Lofts. 8 Unique Loft Residences Sold together. 1198 Metropolitan Avenue. Home of former FDNY engine 206 known as "The Brooklyn Gashouse Gang".

One of the most unique and unusual properties in NYC is on the market for the first time ever!

Welcome to Firehouse lofts in Williamsburg. Originally, an active NYC firehouse until 1976, this building was later converted into artists-lofts and is now available for sale with a residential certificate of occupancy. It is currently comprised of 8 totally unique oversized lofts that all feature old world charm and materials, along with modern kitchens and bathrooms. Recently the units have seen a thorough renovation with new appliances, new mini split heating and AC units, fresh paint, and upgrades to the bathrooms. The basement is massive and has washer/dryer hookups, multiple storage units, a bathroom, and over 8' ceilings. The building is mostly vacant (7 of 8 units are vacant), and ready for its new owner to enjoy one or two of the apartments while collecting a handsome income on the others.

Set in an industrial area of Williamsburg, 1198 Metropolitan stands out from the single story warehouses it is surrounded by. This building has been owned by the same family for over 40 years who have taken meticulous care of it and maintain its integrity.

Some local artists have called this property home for over 30 years. Have something else in mind? Bring your vision and plan to this historical mansion and make it your new dream home. Historical details include a spiral staircase to a loft where the firemen would hang the hoses to dry. A few of the kitchens feature backsplash recycled from the original bathrooms of the firehouse. The two penthouses have enormous decks and one has a second deck that is over 2000 s.f. Average vaulted ceiling heights of 16' in all apartments! And the original pole can be found in the ground floor apartment which has parking for two cars.

Serious inquiries only! Proof of funds required for tour of property. If you have an agent, they must be first point of contact. Corcoran does not represent any facts about this property. Buyer must conduct due diligence and own research into all facts including history, zoning, size, legal use, etc. Email us for a set up with projected rent roll, expenses, and NOI.

Property facts:
Units: 8
Property Built: 1900
FAR: 0
Ceiling Height Basement: 8'3"
Ceiling Height 1st Floor: 15'
Ceiling Height 2nd Floor: 15'7"
Ceiling Height Top Floor: 16'6"
Lot Size: 54 by 90

Unit Sizes (as per professional floor planner hired by Corcoran) Total Interior including Basement SF: 14,959 Total Exterior Usable space: 4,647 Total Usable Interior & Exterior: 19,606

Listing History for 1198 Metropolitan Ave

Now
08/16/2023
POM by Roni Dotan
Corcoran
03/27/2023
$6,500,000
Initial Price by Roni Dotan
Corcoran

Building Details for 1198 Metropolitan Ave

OwnershipIncome Property
Building TypeLoft
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1900
Floors/Apts3/8
Learn More About the Building

Transit and Citi Bike

Citi Bike

Metropolitan Ave & Stewart Ave
0.06 miles
Metropolitan Ave & Vandervoort Ave
0.22 miles

Contact Agents

Contact Agents

Roni Dotan
Corcoran

East Williamsburg | Brooklyn

Quick Profile

East Williamsburg is a mixed industrial neighborhood in Brooklyn, with many working factories that make everything from beer and wontons to clothing and concrete. You are likely to hear screeching, pounding and the deep thump of industrial machinery throughout the day. East Williamsburg has become a haven for artists and musicians of every description, who are attracted to the large open loft spaces of the converted industrial buildings. The area has attracted a younger crowd of 20- and 30-somethings that are drawn by affordable rents and a generally lower cost of living.

There is a rich history of immigrants from Puerto Rico and Italy, and oddly enough, they chose to settle on opposite ends of Graham Avenue, with the Italians on the north and the Puerto Ricans on the south.

Housing in the area consists of mid-rise apartment buildings, row houses, and public housing complexes. There are also smaller multi-family apartment buildings available. Lofts are becoming more prevalent as the older, abandoned factory buildings come up for sale and are converted into residential properties. 

East Williamsburgfairly pulses with a creative vibe. There are unique shopping venues, numerous tiny coffee shops, interesting restaurants, and cafes, along with food trucks that frequent the area. The grocery stores are affordable and carry a wide variety of goods that appeal to the eclectic tastes of the neighborhood residents.

There is a vibrant bar scene, where you will find mostly local residents imbibing, so it is easy to make friends among your neighbors if you stop in frequently at your favorite watering hole. There are many interesting shops, bars and restaurants tucked in amongst the warehouses and factories. Many do not invest in elaborate signage, so it can be difficult to find some of the best spots. Keep an eye out for hand-painted signs on the sides of buildings with arrows pointing to nondescript, nearly invisible entrances.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 90318TH