550 Metropolitan Avenue Condominium

Overview

550 Metropolitan Avenue is a 9-unit condo in Brooklyn, with 1 commercial unit.

• Offering plan: Accepted March 2021 · 319 pages · floor plans on page 7
• Finishes: Wood floors, quartzite kitchen countertops, Bosch appliances, a washer and dryer in each apartment, Kohler bathroom fittings and split-system units for heating and cooling
• Prices: $1,331 a square foot on average, as first offered; $13.2 million in all
• Common charges: $422–$1,018 a month, the sponsor's first-year estimate
• Developer: Arch Companies; principals Jared Chassen and Jeffrey Simpson
• Sponsor: 550 Metropolitan Ave Holdings LLC, represented by Marans Newman Tsolis & Nazinitsky LLC
• Neighborhood: Williamsburg, Brooklyn
• Subway: 1-minute walk to Metropolitan Av/Lorimer St (G, L); 7 minutes to Graham Av (L)
• Amendments: 2, the latest in April 2022

Units

9 residential · 1 commercial

Neighborhood

Williamsburg, Brooklyn

Subway

1 min walk to Metropolitan Av/Lorimer St G LGraham Av L, 7 min

Developer

Arch Companies

Principals

Jared Chassen, Jeffrey Simpson

Average $/sf

$1,331Homes in Schedule A, as first offered

Common charges

$422–$1,018 a monthSponsor's first-year estimate in Schedule A, July 1, 2021 - June 30, 2022

Offering price

$13.2 million total

Floor plans

Page 7 of the plan

1. SubmittedOctober 2021
2. AcceptedMarch 2021
3. 2 amendments
4. First sale
5. Latest sale