Photo Gallery
$1,475,000
0
Beds
0
Baths
4,522
Sqft
248 Ave P, Brooklyn, New York, 11204
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MLS# 499914
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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Location
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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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