$1,598,000
↓ $100K (5.9%)
●
Property -
For Sale
248 Avenue P
Brooklyn, NY 11223
Studio
0 Bath
4522 Sqft
$11,137
Estimated Monthly
$0
HOA / Fees
About This Property
Welcome to this exceptional mixed-use property, offering a
versatile combination of medical and residential spaces across
three levels. This brick construction corner property has a
built-in garage and handicap platform elevator for 2 separate
medical offices.
Street Level has a busy podiatrist office, in business for the past 16 years, including an office space with five exam rooms,1.5 baths, a reception area, utilities room and storage.
The first floor of this property features a recently renovated and currently vacant doctor's office, boasting a spacious layout designed to accommodate any medical practice needs. This well-appointed space includes five exam rooms, alongside convenient amenities such as 1.5 baths, a spacious reception area, kitchen and ample built-in storage space in the attic.
On the top floor, you'll discover a huge three-bedroom one-bathroom residential unit, providing immediate rental income, making it an attractive option for investors seeking to diversify their portfolio with residential real estate.
The building was completely rebuilt with a new certificate of occupancy in 2005. Within the past 2 years the following house improvements were done: installation of new roof, new sewer and water main line, masonry stone porches and iron rod fence. Separate utilities with separate meters for gas and electric for all 3 units make it more profitable for the owner.
Projected net income almost 100K a year that makes it almost 6% cap!
The manager has listed the unit size as 4522 square feet.
Street Level has a busy podiatrist office, in business for the past 16 years, including an office space with five exam rooms,1.5 baths, a reception area, utilities room and storage.
The first floor of this property features a recently renovated and currently vacant doctor's office, boasting a spacious layout designed to accommodate any medical practice needs. This well-appointed space includes five exam rooms, alongside convenient amenities such as 1.5 baths, a spacious reception area, kitchen and ample built-in storage space in the attic.
On the top floor, you'll discover a huge three-bedroom one-bathroom residential unit, providing immediate rental income, making it an attractive option for investors seeking to diversify their portfolio with residential real estate.
The building was completely rebuilt with a new certificate of occupancy in 2005. Within the past 2 years the following house improvements were done: installation of new roof, new sewer and water main line, masonry stone porches and iron rod fence. Separate utilities with separate meters for gas and electric for all 3 units make it more profitable for the owner.
Projected net income almost 100K a year that makes it almost 6% cap!
The manager has listed the unit size as 4522 square feet.
Unit Size
4,522Ft²
Days on Market
40 days
Land Size
0.04 acres
Price per sqft
$353
Property Type
Property
Property Taxes
$3,290
HOA Dues
-
Year Built
1935
Listed By
Last updated: 21 days ago (BMLSNY #480732)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Apr 11, 2024 | Price Decreased |
$1,598,000
↓ $100K
(5.9%)
|
|
Price Decreased | |||
Mar 22, 2024 | Listed by Womcore LLC dba Remax Edge | $1,698,000 | |
Listed by Womcore LLC dba Remax Edge |
Property Highlights
Exterior Details
Exterior Information
Brick
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Other
Loft
-
2,800 ft²
$493/ft²
$1,380,000
Dec 13, 2018
$1,380,000
Mar 1, 2019
-
Townhouse
7
Beds
4
Baths
4,080 ft²
$392/ft²
$1,600,000
Aug 10, 2020
$1,600,000
Feb 18, 2021
-
Sold
Multifamily
5
Beds
3
Baths
3,847 ft²
$408/ft²
$1,570,000
Aug 27, 2021
$1,570,000
Apr 21, 2022
-
Townhouse
4
Beds
4
Baths
4,000 ft²
$359/ft²
$1,435,000
Feb 11, 2021
$1,435,000
Jun 9, 2022
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
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