# 248 Avenue P, Brooklyn, NY 11204

> **TL;DR:** single family, $1,475,000 ($326/sqft), built 1935, 4,522 sqft.
> Hardwood. Est. $6,392/mo. Listed 67 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,475,000 |
| Price/sqft | $326 |
| Square Feet | 4,522 |
| Year Built | 1935 |
| Lot Size | 1,620 sqft (0.04 acres) |
| Stories | 2 |
| Property Type | Single Family (Other) |
| Status | For Sale |
| Days on Market | 67 |

## Why This Home Stands Out

- **Hardwood Floors** - Throughout the home

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $6,392 |
| **Total** | **$6,392** |

## Key Amenities

- Hardwood

## Property Highlights

- Built in 1935
- 0.04 acre lot
- 2 stories

## Description

### Agent Description
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.

## Location

- **Address:** 248 Avenue P, Brooklyn, NY 11204
- **County:** Kings (Brooklyn)

## Listing Agent

- **Name:** Mandy Y. Shi
- **Brokerage:** Momentum Real Estate LLC
- **Phone:** (718) 382-0001
- **Email:** mandyshimovesyou@gmail.com

## Primary Photo

![248 Avenue P - Primary Photo](http://lh.rdcpix.com/f4fa3737dff7542b1bcde34d27b97ed6l-f3761425808r.jpg)

*43 total photos available on [listing page](https://www.propertysimple.com/listing/248-avenue-p-brooklyn-ny-11204-y499914)*

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**MLS#:** 499914 | **Updated:** 2026-06-18
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/248-avenue-p-brooklyn-ny-11204-y499914)

---

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