Ad #7474116
MLS #499914
Turn Key - Fully renovated and structurally sound mixed-use
248 Ave P, Brooklyn, New York, 11204
$1,475,000
--Beds
--Baths
4,522Sqft
0.037Acres
About this property
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.
Property Features
0 Beds
0 Baths
4,522 Sqft
Built in 1935
0.037 Acres
2 Stories
Garage
Siding: Brick
$37,539 / yr property tax
Kings County
Additional Photos
Contact Information
Mandy Y. Shi
Momentum Real Estate LLC
718-382-0001
Location
Listing Agent: Mandy Y. Shi 718-382-0001
Broker: Momentum Real Estate LLC 718-382-0001 Listing Site
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.
Broker: Momentum Real Estate LLC 718-382-0001 Listing Site
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.
BarrierFreeHome.com
Printed Jul 27, 2026
Photo Gallery
$1,475,000
--
Beds
--
Baths
4,522
Sqft
248 Ave P, Brooklyn, New York, 11204
By contacting this agent you agree to these Terms and Conditions.
MLS# 499914
Turn Key - Fully renovated and structurally sound mixed-use
$1,475,000
248 Ave P, Brooklyn, New York, 11204
--
Beds
--
Baths
4,522
Sqft
0.037
Acres
$1,475,000
248 Ave P, Brooklyn, New York, 11204
-- Beds
-- 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
HOME DETAILS
0 Beds
0 Baths
4,522 Sqft
Built in 1935
0.037 Acres
2 Stories
EXTERIOR
Garage
Siding: Brick
FINANCIAL & COMMUNITY
$37,539 / yr property tax
Kings County
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7474116
Viewed
61 times
Listing Status
Active
Added
Mar 26, 2026
Last Refresh
Jul 27, 2026 05:50:10 PM
Listing Information
Data Source
Brooklyn New York Multiple Listing Service
Source Property ID
499914
Listing Agent: Mandy Y. Shi 718-382-0001
Broker: Momentum Real Estate LLC 718-382-0001 Listing Site
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.
Broker: Momentum Real Estate LLC 718-382-0001 Listing Site
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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