Updated 10 months ago
Off Market
292 Leonard Street
Williamsburg, Brooklyn | Metropolitan Ave & Leonard Street
11 Rooms6 Beds3.5 Baths2,760 Square FeetMixed Use
$2,900,000
floors / apts3 / 2
Lot Size23'x60'
Built Size23'x30'
ZoneR7A
Building TypeLow-Rise
RE Taxes$5,771
Price Per SF
$1,051
Outdoor space and views
- Backyard
- Patio
- East Exposure
- North Exposure
- West Exposure
- One WTC
Building Amenities
- Voice Intercom
Property Description for 292 Leonard Street
The Forray Team at The Corcoran Group is pleased to present 292 Leonard Street, an exceptional "Corner Turnkey" investment opportunity with Big Development Potential in the heart of prime Williamsburg. This fully occupied, mixed-use townhouse offers immediate income with a strong Existing CAP rate of 5.66% and a projected pro forma CAP rate of 6.16%. For investors with an eye on the future, the property also presents significant development upside with an estimated 6,520 Max FAR.
Built in 1910 with an estimated total of 2,760 Gross SF (2,020 Above Grade): Includes 690 SF of ground floor retail, plus direct access to 690 SF basement & 1,380 SF of residential area across 2 floors. this 23-foot-wide mixed-use townhouse has been well maintained preserving it's exterior pre-war charm with thoughtful modern upgrades, all while benefiting from low annual real estate taxes of ($5,771) under the protection of Tax Class 1 status & zoned R7A, C2-4. The property features a ground-floor commercial unit, two spacious three-bedroom residential apartments, a full basement, and a private backyard with a curb cut exclusive to the retail space.
The commercial unit currently A/C Super is approx. 690 square feet with an open layout, half bath &, and 675 backyard-making it an ideal corner retail space with the ability for full lot coverage in the future. A full basement provides valuable storage space, enhancing the commercial unit's functionality. Above, two 3-bedroom, 1-bathroom residential apartments-both leased deliver consistent cash flow and stable occupancy.
Perfectly positioned on the Corner of Metropolitan Avenue and Leonard Street, a "Premium Retail Corridor" and just one block from the L and G subway lines. The property offers immediate access to Williamsburg's renowned dining, shopping, parks, and conveniences. Whether you're looking for a steady income-producing asset, a future development project, or a mixed-use property with growth potential, 292 Leonard Street delivers a rare combination of space, cash flow, and location in one of Brooklyn's most sought-after neighborhoods.
Built in 1910 with an estimated total of 2,760 Gross SF (2,020 Above Grade): Includes 690 SF of ground floor retail, plus direct access to 690 SF basement & 1,380 SF of residential area across 2 floors. this 23-foot-wide mixed-use townhouse has been well maintained preserving it's exterior pre-war charm with thoughtful modern upgrades, all while benefiting from low annual real estate taxes of ($5,771) under the protection of Tax Class 1 status & zoned R7A, C2-4. The property features a ground-floor commercial unit, two spacious three-bedroom residential apartments, a full basement, and a private backyard with a curb cut exclusive to the retail space.
The commercial unit currently A/C Super is approx. 690 square feet with an open layout, half bath &, and 675 backyard-making it an ideal corner retail space with the ability for full lot coverage in the future. A full basement provides valuable storage space, enhancing the commercial unit's functionality. Above, two 3-bedroom, 1-bathroom residential apartments-both leased deliver consistent cash flow and stable occupancy.
Perfectly positioned on the Corner of Metropolitan Avenue and Leonard Street, a "Premium Retail Corridor" and just one block from the L and G subway lines. The property offers immediate access to Williamsburg's renowned dining, shopping, parks, and conveniences. Whether you're looking for a steady income-producing asset, a future development project, or a mixed-use property with growth potential, 292 Leonard Street delivers a rare combination of space, cash flow, and location in one of Brooklyn's most sought-after neighborhoods.
Listing History for 292 Leonard Street
Now
10/27/2025
TOM by Chris Cavorti
Corcoran
07/26/2025
$2,900,000
Initial Price by Chris Cavorti
Corcoran
Building Details for 292 Leonard Street
OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts3/2
Transit and Citi Bike
Subway
Lorimer St
0.15 miles
Graham Av
0.18 miles
Metropolitan Av
0.22 miles
Grand St
0.39 miles
Citi Bike
Manhattan Ave & Devoe St
0.09 miles
Devoe St & Lorimer St
0.1 miles
Williamsburg | Brooklyn
Quick Profile
Equal parts family-friendly and millennial haven/nightlife destination, Williamsburg offers the best of all worlds. Whether by night or by day, the ‘Burg has endless options for every type of personality and interest--which has only increasingly become the case after the neighborhood was rezoned in 2005. With the floodgate opened for more varied types of businesses, Williamsburg saw one of the highest rates of development in the past decade than any other part of Brooklyn.
Referred to as “Little Berlin” for its late night and club-oriented nature, Williamsburg works as hard as it plays. Apart from the Clubland concentrated around Wythe Avenue, there is also a slew of offices (like 25 Kent Avenue, a sprawling eight-floor, 500,000-square foot waterfront building) and co-working spaces such as WeWork, The Yard and Green Desk that make it an ideal location for the corporate-, startup- and tech-oriented set.
With more offices setting their sights on this part of Brooklyn, it only makes sense that more people want to live close to where they work. Apart from your average walk-up apartment, W-burg has famously become home to numerous condos along the waterfront that continue to grow and expand in concert with the businesses and corporate hubs that have entered the environment.
Even with its many and undeniable changes, however, Williamsburg remains an arts-friendly community, particularly with regard to music and literature. While DIY spaces have come and gone, certain staples have persisted to become institutions that still provide a place for up and coming musicians to perform. On the literary front, long-standing indie bookstores like Spoonbill and Sugartown and Book Thug Nation have paved the way for others to cross the river, namely McNally Jackson Books.
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: 60200TH
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