50
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$1,500,000
Est. payment /mo
4,522 SqFt
Active
248 Avenue P Brooklyn, NY 11204
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Key Details
Property Type Other Rentals
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,522 sqft
Price per Sqft $331
MLS Listing ID 496302
Year Built 1935
Annual Tax Amount $37,000
Lot Dimensions 30x54
Property Sub-Type Mixed Use
Property Description
Fully renovated, and structurally exceptional mixed-use brick corner property located on vibrant Avenue P between W 5th and W 6th Streets in the Gravesend/Bensonhurst section of Brooklyn.
This high-income producing property encompasses 4,522 sq ft and was fully rebuilt with a new CO in 2005. Recent capital improvements in 2021 include new flat roof with skylights, new Sewer and Water line, new garage door with quiet motor, limestone steps, concrete landing and stucco painting. The House features two medical offices and one spacious residential apartment with potential to be split into two apartments, finished indoor one-car garage with attic storage, wheelchair-accessible lift, separate utilities and private entrances for each unit. Each commercial unit has independent central air and heating systems.
Property Features: Cellar/Street Level is occupied by an established podiatry office with a direct entrance, reception area, five exam rooms, 1.5 baths, and ample storage.
First Floor: Currently vacant, fully renovated, turn-key medical/ commercial office has large reception area, five exam rooms with en-suite bathroom, handicap bathroom, kitchen, attic storage—ready to accommodate any specialty or business.
Second floor Residential Unit is Currently Vacant, 2025 renovated, 1,500 sq ft 3-bedroom, 1-bath apartment featuring hardwood floor, new kitchen and bathroom, new stainless-steel appliances, kitchen cabinets and countertop. Sold AS IS
Projected NOI is $112,350, delivering a solid 7.5% cap rate plus—making this a smart, income-driven investment.
Nearby transportation: N and F train, B4, B6 and B82 busses.
This high-income producing property encompasses 4,522 sq ft and was fully rebuilt with a new CO in 2005. Recent capital improvements in 2021 include new flat roof with skylights, new Sewer and Water line, new garage door with quiet motor, limestone steps, concrete landing and stucco painting. The House features two medical offices and one spacious residential apartment with potential to be split into two apartments, finished indoor one-car garage with attic storage, wheelchair-accessible lift, separate utilities and private entrances for each unit. Each commercial unit has independent central air and heating systems.
Property Features: Cellar/Street Level is occupied by an established podiatry office with a direct entrance, reception area, five exam rooms, 1.5 baths, and ample storage.
First Floor: Currently vacant, fully renovated, turn-key medical/ commercial office has large reception area, five exam rooms with en-suite bathroom, handicap bathroom, kitchen, attic storage—ready to accommodate any specialty or business.
Second floor Residential Unit is Currently Vacant, 2025 renovated, 1,500 sq ft 3-bedroom, 1-bath apartment featuring hardwood floor, new kitchen and bathroom, new stainless-steel appliances, kitchen cabinets and countertop. Sold AS IS
Projected NOI is $112,350, delivering a solid 7.5% cap rate plus—making this a smart, income-driven investment.
Nearby transportation: N and F train, B4, B6 and B82 busses.
Location
State NY
County Kings (brooklyn)
Area Gravesend
Zoning R5B
Rooms
Basement Cellar, Finished, Full
Interior
Interior Features Elevator - Private, Fire - Smoke Alarm, Handicap Design, Kitchen, Living Space Available, Lobby, Restrooms - Public, Restrooms - Staff
Hot Water Gas
Heating Gas
Flooring Ceramic, Hardwood, Tile
Heat Source Gas
Exterior
Exterior Feature Brick
Roof Type Flat,Rubber
Handicap Access Yes
Building
Story 2
Foundation Poured Concrete
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by RE/MAX Edge
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