292 Leonard Street is a mixed-use townhouse located in the heart of prime Williamsburg, built in 1910. This property features a total of 2,760 Gross SF, including 690 SF of ground floor retail space and 1,380 SF of residential area across two floors. The building is well-maintained, preserving its pre-war charm while incorporating modern upgrades. It benefits from low annual real estate taxes of $5,771 under Tax Class 1 status and is zoned R7A, C2-4, offering significant development potential with an estimated 6,520 Max FAR.
The property includes a ground-floor commercial unit currently occupied by A/C Super, which is approximately 690 square feet and features an open layout with a half bath. Above, there are two spacious three-bedroom, one-bathroom residential apartments that provide consistent cash flow and stable occupancy. Each apartment boasts high ceilings, generous natural light, and modern kitchens with stainless steel appliances and ample counter space, making them ideal for comfortable living.
Situated at the corner of Metropolitan Avenue and Leonard Street, the building is in a prime location with immediate access to Williamsburg's vibrant dining, shopping, and parks. The L and G subway lines are just one block away, ensuring easy commuting. This property presents a unique opportunity for investors seeking a steady income-producing asset or a future development project in one of Brooklyn's most sought-after neighborhoods.