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$1,475,000

0
Beds
0
Baths
4,522
Sqft

248 Ave P, Brooklyn, New York, 11204

By contacting this agent you agree to these Terms and Conditions.
Home New York Brooklyn
Turn Key - Fully renovated and structurally sound mixed-use
Turn Key - Fully renovated and structurally sound mixed-use
Turn Key - Fully renovated and structurally sound mixed-use
Turn Key - Fully renovated and structurally sound mixed-use
Turn Key - Fully renovated and structurally sound mixed-use
MLS# 499914
Commercial For Sale

Turn Key - Fully renovated and structurally sound mixed-use

Open House: Sun Apr 5, 3-5pm
$1,475,000

248 Ave P, Brooklyn, New York, 11204

0
Beds
0
Baths
4,522
Sqft
0.037
Acres
$1,475,000
248 Ave P, Brooklyn, New York, 11204
0 Beds
0 Baths
4,522 Sqft
0.037 Acres
Turn Key - Fully renovated and structurally sound mixed-use brick corner property on vibrant Avenue P between West 5th and West 6th Streets in the desirable Gravesend/Bensonhurst section of Brooklyn. Spanning approximately 4,522sqft, this high-income producing asset was fully rebuilt with a new CO in 2005. Huge 2021 upgrades include a new flat roof with skylights, updated sewer and water lines, new garage door with quiet motor, limestone steps, concrete landing, and refreshed stucco exterior. The property features 2 medical office spaces and one spacious residential unit with the potential to be converted into two apartments. Additional highlights include a finished indoor one-car garage with attic storage, wheelchair-accessible lift, separate utilities, and private entrances for each unit. Each commercial space is equipped with its own central air and heating system. The cellar/street-level unit is occupied by an established podiatry practice, offering a direct entrance, reception area, five exam rooms, 1.5 baths, and ample storage. The 1st floor commercial space is fully renovated featuring a large reception area, five exam rooms with bathrooms, a handicap-accessible bathroom, kitchen, and attic storage. The 2nd floor residential unit was newly renovated in 2025, offering approximately 1,500sqft with 3 bedrooms and 1 full bath, hardwood floors, a new kitchen and bathroom, stainless steel appliances, and updated cabinetry and countertops. Property with a projected NOI of $114,761 and a strong 7.5%+ cap rate, this is a prime income-generating investment. Conveniently located near the N and F trains, as well as the B4, B6, and B82 bus lines.
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Property Details

0 Beds
0 Baths
4,522 Sqft
Built 1935
0.037 Acres
No Patio
Baseboard, Natural Gas
Siding : Brick
$37,539 Property Tax
Kings County
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Ad Statistics

Ad Number
7474116
Viewed
6 times
Added
Mar 26, 2026
Updated on
Mar 28, 2026

Listing Information

Data Source
Brooklyn New York Multiple Listing Service
Source Property ID
499914
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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By proceeding you authorize Dream Home Network Inc., its service providers (including real estate professionals such as Brokers, Listing Agents, Buyers Agents, and local referral partners), and its affiliates, to contact me using the contact details you provided, via phone call or text (SMS) using automated dialing technology for marketing or advertising purposes, including contacting me about my inquiry and other home-related matters. Not a condition for purchase. Message and data rates may apply. This consent applies even if you are on a corporate, state or national Do Not Call list. Dream Home Network Inc. may share information about your recent and future site activity with its affiliates and service providers (including real estate professionals such as Brokers, Listing Agents, Buyers Agents, and local referral partners) to help them better understand what I am looking for in a property. To opt-out at any time you can reply "STOP" or contact Dream Home Network Inc. at  csv@dreamhomenetwork.com .
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Testimonials About Us Office Locations
SUPPORT
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ADDITIONAL MARKETS
LakeHouse.com BeachHouse.com GolfHomes.com
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Dream Home Network Inc.

is committed to ensuring digital accessibility and property listings for individuals with disabilities. All information provided is deemed reliable but is not guaranteed and should be independently verified. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. If you wish to report an issue or seek an accommodation, please let us know.

Dream Home Network Inc. Sells leads to DHN Realty Inc. who holds real estate brokerage licenses in Alabama. Listing agents will be sent notification copy of leads on their listings where Dream Home Network Inc. is provided listings via our Feed Provider as required.

© 1997 - 2026 Wheelchair-accessible Housing & Universal Design Homes at Barrier Free Home
Part of Dream Home Network, Inc.
Last updated on 2026.04.05
Terms & Policy