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248 Avenue P Brooklyn, NY 11204

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New
For Sale
$1,475,000

Mixed Use - Brooklyn, NY

Type:Mixed Use
Property size:
4,522 SF
Lot size:
0.04 Acres
Added:
Mar 31, 2026
Days on Market:
2
Last Refresh:
Apr 1 at 1:06 am

Property Features for 248 Avenue P

General Information

Property type
Other
Property subtype
Mixed Use
Zoning
R5B
Standard status
Active
Size
4,522 SF
Lot size
0.04 Acres

Taxes and HOA fees

TaxAnnualAmount
37539

Utilities

Heating system
Baseboard, Natural Gas

Building Details

Year built
1935
Floors in Building
2
Flooring type
Hardwood, Tile
Building materials
Brick
Architectural style
Other

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Listing Contact
Mandy Y. Shi

Listing agent Mandy Y. Shi

Listing office Momentum Real Estate LLC 1703 86 Street, Brooklyn, NY

Listing date Mar 31, 2026

MLS# 499914 Listing URL

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.


Overview

Renovated Mixed-Use Brooklyn Corner Property

This fully renovated mixed-use brick corner property is located on Avenue P between West 5th and West 6th Streets in the Gravesend/Bensonhurst section of Brooklyn. The property spans approximately 4,522 square feet and was fully rebuilt with a new CO in 2005. Upgrades in 2021 include a new flat roof with skylights, updated sewer and water lines, a new garage door with quiet motor, limestone steps, a concrete landing, and a refreshed stucco exterior. The property features two medical office spaces and one residential unit with the potential to be converted into two apartments. Additional features include a finished indoor one-car garage with attic storage, a 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, featuring a direct entrance, reception area, five exam rooms, 1.5 baths, and ample storage. The first-floor commercial space is fully renovated and includes a large reception area, five exam rooms with bathrooms, a handicap-accessible bathroom, a kitchen, and attic storage. The second-floor residential unit was newly renovated in 2025 and offers approximately 1,500 square feet with three bedrooms, one full bath, hardwood floors, a new kitchen and bathroom, stainless steel appliances, and updated cabinetry and countertops. The property is conveniently located near the N and F trains, as well as the B4, B6, and B82 bus lines. The lot size is approximately 0.037 acres.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Gary Saphire, DPM, ... Physician Parkway Podiatry Physician Zaster Yulia Employment Agency Valeriya Anbinder Physician Zukhra Shukurova, MD Physician

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Brooklyn
County
Kings
State
New York
Longitude
-73.978122
Latitude
40.60798

FAQs

What type of property is this?
Mixed-use property - Fully renovated mixed-use property in Gravesend/Bensonhurst, Brooklyn.
Where is this mixed-use property located?
The property is located at 248 Avenue P Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: High‑income producing mixed‑use property with a projected NOI of $114,761 and a strong 7.5%+ cap rate.; Fully renovated and structurally sound with a new CO in 2005 and significant upgrades in 2021, including a new roof, updated utilities, and exterior enhancements.; Features two well‑equipped medical office spaces and a spacious, newly renovated (2025) residential unit with potential for conversion into two apartments.
More about this property
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