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  • 248 Avenue P
  • $ 1,500,000
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204

248 Avenue P

Gravesend   |   West 5th Street & West 6th Street

Building For Sale
$ 1,500,000
Ownership Mixed Use
Lot Size 30'x54'
Status Active
Real Estate Taxes [Per Annum] $ 37,000
Building Size 30'x49'
Year Built 1935
ASF/ASM 4,522/420
 

Photos

248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204

Maria Castellano

License Licensed As: Maria Castellano

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
248 Avenue P Gravesend Brooklyn NY 11204

Property Description

Fully renovated, and structurally exceptional mixed-use brick corner property located on vibrant Avenue P between W 5th and W 6th Streets in the Gravesend/Bensonhurst section of Brooklyn. This high-income producing property encompasses 4,522 sq ft and was fully rebuilt with a new CO in 2005. Recent capital improvements in 2021 include new flat roof with skylights, new Sewer and Water line, new garage door with quiet motor, limestone steps, concrete landing and stucco painting. The House features two medical offices and one spacious residential apartment with potential to be split into two apartments, finished indoor one-car garage with attic storage, wheelchair-accessible lift, separate utilities and private entrances for each unit. Each commercial unit has independent central air and heating systems. Property Features: Cellar/Street Level is occupied by an established podiatry office with a direct entrance, reception area, five exam rooms, 1.5 baths, and ample storage. First Floor: Currently vacant, fully renovated, turn-key medical/ commercial office has large reception area, five exam rooms with en-suite bathroom, handicap bathroom, kitchen, attic storage—ready to accommodate any specialty or business. Second floor Residential Unit is Currently Vacant, 2025 renovated, 1,500 sq ft 3-bedroom, 1-bath apartment featuring hardwood floor, new kitchen and bathroom, new stainless-steel appliances, kitchen cabinets and countertop. Sold AS IS Projected NOI is $112,350, delivering a solid 7.5% cap rate plus—making this a smart, income-driven investment. Nearby transportation: N and F train, B4, B6 and B82 busses.
Fully renovated, and structurally exceptional mixed-use brick corner property located on vibrant Avenue P between W 5th and W 6th Streets in the Gravesend/Bensonhurst section of Brooklyn. This high-income producing property encompasses 4,522 sq ft and was fully rebuilt with a new CO in 2005. Recent capital improvements in 2021 include new flat roof with skylights, new Sewer and Water line, new garage door with quiet motor, limestone steps, concrete landing and stucco painting. The House features two medical offices and one spacious residential apartment with potential to be split into two apartments, finished indoor one-car garage with attic storage, wheelchair-accessible lift, separate utilities and private entrances for each unit. Each commercial unit has independent central air and heating systems. Property Features: Cellar/Street Level is occupied by an established podiatry office with a direct entrance, reception area, five exam rooms, 1.5 baths, and ample storage. First Floor: Currently vacant, fully renovated, turn-key medical/ commercial office has large reception area, five exam rooms with en-suite bathroom, handicap bathroom, kitchen, attic storage—ready to accommodate any specialty or business. Second floor Residential Unit is Currently Vacant, 2025 renovated, 1,500 sq ft 3-bedroom, 1-bath apartment featuring hardwood floor, new kitchen and bathroom, new stainless-steel appliances, kitchen cabinets and countertop. Sold AS IS Projected NOI is $112,350, delivering a solid 7.5% cap rate plus—making this a smart, income-driven investment. Nearby transportation: N and F train, B4, B6 and B82 busses.

Listing Courtesy of RE/MAX Edge

Maria Castellano

License Licensed As: Maria Castellano

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775

Care to take a look at this property?

Apartment Features

Exposed Bricks
Hardwood Floors
248 Avenue P Gravesend Brooklyn NY 11204
248 Avenue P Gravesend Brooklyn NY 11204

Building Details [248 Avenue P]

Ownership Mixed Use
Block/Lot 6626/10
Building Size 30'x49'
Zoning R5B
Year Built 1935
Floors 2
Lot Size 30'x54'

Mortgage Calculator in [US Dollars]

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Loan Amount

Maria Castellano

License Licensed As: Maria Castellano

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
BNYMLS All information furnished regarding this or any property listed for sale or rent is gathered from sources deemed reliable. Though we have no reason to doubt the accuracy or validity of this information, we make no warranty or representation as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or withdrawal without notice. It is strongly recommended that the prospective purchaser or tenant shall carefully review each item of size, dimensions, real estate taxes, expenses, legal use and any other information presented herein.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
MLSID: 496302