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248 Avenue P

Brooklyn, NY 11204
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Bed --

Bed

Bath 0

Bath

SqFt4,522

Sqft

Acres0.04

Acre(Lot)

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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Detail Ic Property Details

Property Type : Residential Income

Price : $1,475,000

AD Id : 76509102

MLS Id : 499914

Lot Size : 0.04 Acre

Living Area Size : 4,522

Year Built : 1935

County : Kings

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Feature Features

  • Room Information

    Has Basement: Yes Basement: Finished, Full
  • Flooring Information

    Ceramic Tile, Hardwood, Tile
  • Roofing Information

    Other
  • Interior Features

    Elevator Roof: Other Appliances: Gas Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Baseboard, Natural Gas

  • Building Information

    Year Built: 1935 Building Area Total: 4522 Construction Materials: Brick Stories: 2 Private Pool: No

  • Lot Information

    Lot Dimensions: 60 x 35 Lot Size Acres: 0.04 Lot Size Square Feet: 1620

  • Listing Price Information

    Listing Price: $1475000

  • Tax Information

    Tax Lot: 10 Tax Block: 6626 Annual Tax: $37539

  • Parking Information

    Garage
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
380 Avenue P, Brooklyn, NY, 11204 $2,000,000 -- -- 4,800 4,800 SqFt
339 Avenue P #2B, Brooklyn, NY, 11204 $548,000 1 1 1,885 1,885 SqFt
1549 3rd Street #5B, Brooklyn, NY, 11204 $550,000 2 1.5 722 722 SqFt
6113 23rd Avenue #4B, Brooklyn, NY, 11204 $630,000 2 2 1,048 1,048 SqFt
140 Avenue O #2RR, Brooklyn, NY, 11204 $680,000 2 1 807 807 SqFt
2283 65th Street, Brooklyn, NY, 11204 $2,358,000 -- -- 5,350 5,350 SqFt
114 Avenue O, Brooklyn, NY, 11204 $1,500,000 -- -- 2,560 2,560 SqFt
1534 7th Street #3B, Brooklyn, NY, 11204 $448,000 2 1 690 690 SqFt
1392 7th Street, Brooklyn, NY, 11204 $880,000 2 1 768 768 SqFt
2162 62nd Street, Brooklyn, NY, 11204 $1,750,000 4 3.5 2,750 2,750 SqFt

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Brooklyn Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Brooklyn MLS. All Rights Reserved.

ByOwner last updated this listing 06/09/2026 @ 04:06

MLS: 499914 LISTED BY: Mandy Shi, Momentum Real Estate LLC 718-382-0001 SOURCE: Brooklyn Board of REALTORS

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