248 Avenue P - Office/Residential FOR SALE


Brooklyn, NY 11204
$1,588,000 USD
347-515-3898
248 Avenue P, Brooklyn, NY for Sale
$1,588,000 USD
Office/Residential - FOR SALE
1/35
null | 6.11% Cap Rate

248 Avenue P
Brooklyn, NY 11204


HIGHLIGHTS

  • Heavy foot and transportation traffic
  • Lots of natural lights
  • Build and ready to be used

OVERVIEW

Bensonhurst/ Gravesand Neighborhood!!! Seller is under process of reducing property tax.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 7% cap!

FOR SALE DETAILS

PRICE

$1,588,000 USD

PRICE/SF

$351 USD /SF

CAP RATE

6.11%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1935

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

R5B

APN/PARCEL ID

06626-0010

ASK ABOUT THIS PROPERTY

Leonid SklyarRE/MAX EdgeMore Info
347-515-3898

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Leonid SklyarRE/MAX EdgeMore Info
347-515-3898

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.