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  • 292 Leonard Street
  • $ 2,900,000
292 Leonard Street Williamsburg Brooklyn NY 11211
292 Leonard Street Williamsburg Brooklyn NY 11211
292 Leonard Street Williamsburg Brooklyn NY 11211
292 Leonard Street Williamsburg Brooklyn NY 11211
292 Leonard Street Williamsburg Brooklyn NY 11211
292 Leonard Street Williamsburg Brooklyn NY 11211
292 Leonard Street Williamsburg Brooklyn NY 11211
292 Leonard Street Williamsburg Brooklyn NY 11211
292 Leonard Street Williamsburg Brooklyn NY 11211
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292 Leonard Street

Williamsburg   |   Metropolitan Avenue & Leonard Street
Listing ID: 60200TH

  • $ 2,900,000
  • 2 Bedrooms
  • 1 Bathrooms
  • Low-RiseBuilding Type
  • 2,760 Approx. SF

  • Details
    • Mixed UseOwnership
    • $ 5,771Anual RE Taxes
    • 23'x30'Building Size
    • 23'x60'Lot Size
    • Year Built
    • ActiveStatus

292 Leonard Street Williamsburg Brooklyn NY 11211
  • Description
  • The Forray Team at The Corcoran Group is pleased to present 292 Leonard Street, an exceptional “Corner Turnkey” investment opportunity with future 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.

    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, this property offers an FAR of 4.0. 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.

    The Forray Team at The Corcoran Group is pleased to present 292 Leonard Street, an exceptional “Corner Turnkey” investment opportunity with future 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.

    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, this property offers an FAR of 4.0. 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 Courtesy of Corcoran Group
  • Contact
  • William Abramson

    License Licensed As: William D. Abramson

    Director of Brokerage, Licensed Associate Real Estate Broker

    W: 646-637-9062
    M: 917-295-7891
    • Email Me
    • Download Contact

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  • Contact
  • William Abramson

    License Licensed As: William D. Abramson

    Director of Brokerage, Licensed Associate Real Estate Broker

    W: 646-637-9062
    M: 917-295-7891
    • Email Me
    • Download Contact

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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 REBNY Listing Service, Inc. All rights reserved. Additional building data provided by On-Line Residential [OLR].
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.