550 Metropolitan Avenue #PHA, New York City, NY 11211
Listing Courtesy of Sothebys International Realty
$2,395,000
Potential Rebate: $35,925
Overview
Stand out design and luxury are uniquely combined in this stunning 2-bedroom plus home office, three-bathroom, full floor, key-locked elevator penthouse in one of the most exclusive boutique buildings in Williamsburg. The exceptional residence is bathed with sunlight throughout, and exemplifies contemporary Brooklyn style living. Designed by Veronica Mishaan with beautiful features such as GRATO engineered hardwood floors, high ceilings, oversized windows with skyline views, an in-unit washer/dryer, a private refuse room and central air conditioning.
The layout is graced with an intuitive flow and an open concept kitchen with an eat-in peninsula, sleek white quartz countertops and backsplashes, custom soft-close ash veneer cabinets, and a suite of fully integrated high-end Bosch appliances. The open and airy living/dining spaces are connected to a hallway leading to the bedroom wing of the home. Equally impressive is the primary bedroom with a dressing room area, wall of custom fitted closets and a spa-like ensuite bath with a walk-in shower, a deep soaking tub, and a custom dark ash veneer double vanity with honed travertine countertops and a brushed nickel Kohler faucet. All three bathrooms are designed with sophisticated earthy tones and a calming neutral color palette.
550 Metropolitan Avenue is a boutique condominium with only 6 stories and 9 units. The building offers the convenience and lifestyle of Brooklyn’s trendiest neighborhood as well as core amenities a fully furnished common rooftop deck with outdoor kitchen great for hosting parties with its exceptional skyline views, bicycle storage, and a virtual doorman system. It is surrounded by a wide range of trendy restaurants, bars, cafés, and shops, and it is a short walk to McCarren Park. Greenpoint and East Williamsburg are also close by. The L subway line is down the block, and the G line is around the corner.
Home Features
- •Central Air
- •In Unit
- •Dryer
- •Dishwasher
- •Washer
- •City
Estimated Monthly Payment
$15,547 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$35,925
Monthly savings impact
$100/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
Similar Homes
980 METROPOLITAN Avenue, New York City, NY 11211
Listing Courtesy of Corcoran Group
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Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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 and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Sothebys International Realty
Data Source: TRESTLE #RLS20049642
Price Analysis
Compare average listing prices and value metrics for 550 Metropolitan Avenue against the surrounding Williamsburg market.
Average List Price
Price Per SqFt
27.47% Lower
than the Williamsburg price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Williamsburg
Overview of Williamsburg
Williamsburg is the global poster child for urban cool. Located just across the East River from Manhattan, it is a cultural powerhouse known for its nightlife, art scene, and trendsetting style. For buyers seeking Williamsburg Brooklyn real estate, it offers the city's most dynamic and energetic living environment.
Living in Williamsburg is fast-paced. The neighborhood is divided into the ultra-modern waterfront (Northside), the grittier Southside, and the quieter Italian/hipster mix to the east. As a premier Brooklyn NYC neighborhood, it rivals downtown Manhattan for influence and price.
Real Estate & Housing Market
The market for homes for sale in Williamsburg is premium. The waterfront is lined with "glass castles" like The Edge and Domino Sugar Factory. Inland, you find converted lofts and renovated tenements.
Demand is insatiable, driven by a young, affluent demographic that prioritizes amenities, views, and proximity to the L train.
Lifestyle & Community
The lifestyle in Williamsburg is 24/7. Bedford Avenue is the main drag, packed with tourists and shoppers. The dining scene is world-class, featuring institutions like Peter Luger alongside new hotspots.
The community is a mix of creative professionals, young families (the "stroller brigade" on the waterfront), and long-time residents, though gentrification has shifted the balance heavily toward the wealthy.
Transportation & Accessibility
Williamsburg is served by the L, G, J, M, and Z trains. The L train at Bedford Ave is one stop from Manhattan, making the commute incredibly fast.
The Williamsburg Bridge offers a bike path that sees thousands of cyclists commuting daily. The ferry terminals at North and South Williamsburg provide a relaxed alternative.
Parks, Schools & Amenities
Domino Park and Marsha P. Johnson State Park (East River State Park) are the jewels of the waterfront. McCarren Park is the active center for sports and picnics.
Amenities are unmatched: Whole Foods, Apple Store, Equinox, and hermès. Williamsburg has effectively become a self-sufficient city.
Who This Neighborhood Is Best For
Williamsburg is best for socialites, trendsetters, and young families who want the excitement of Manhattan with the fresh air and views of Brooklyn.
