Check Availability
$1,598,000
↓ $100K (5.9%)
Property - For Sale

248 Avenue P

Brooklyn, NY 11223
bedrooms
Studio
bathrooms
0 Bath
square feet
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.
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
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Other
Loft
-
2,800 ft²
$493/ft²
$1,380,000 Dec 13, 2018
$1,380,000 Mar 1, 2019
-
Commercial
Loft
-
-
$1,550,000 Nov 17, 2022
$1,550,000 May 11, 2023
$1,231/mo
Commercial
Loft
-
-
$1,590,000 Sep 8, 2020
$1,590,000 Jun 8, 2021
-
Townhouse
7 Beds
4 Baths
4,080 ft²
$392/ft²
$1,600,000 Aug 10, 2020
$1,600,000 Feb 18, 2021
-
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
-
Other
Loft
-
4,680 ft²
$382/ft²
$1,790,000 Mar 1, 2024
-
$1,895/mo
Other
Loft
-
3,300 ft²
$545/ft²
$1,800,000 Apr 4, 2024
-
$955/mo
Other
Loft
-
2,740 ft²
$547/ft²
$1,499,999 Dec 29, 2023
-
-
Other
Loft
-
2,800 ft²
$500/ft²
$1,399,000 Nov 30, 2023
-
-
Other
Loft
-
2,600 ft²
$646/ft²
$1,680,000 Nov 3, 2023
-
$667/mo
Other
Loft
-
2,560 ft²
$734/ft²
$1,880,000 Jan 22, 2024
-
$710/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

248 Avenue P 248 Avenue P, Brooklyn, NY 11223
  • 3 Units
  • 1 Unit for Sale
More about this Building
248 Avenue P
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About Southern Brooklyn


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