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Description

This fully renovated, high–income mixed-use brick corner building is situated on Avenue P between West 5th and West 6th Streets in the Gravesend/Bensonhurst area of Brooklyn. The 4,522 sq ft property was completely rebuilt in 2005 with a new Certificate of Occupancy and has seen recent upgrades in 2021, including a new roof with skylights, updated sewer and water lines, a quiet garage door, limestone steps, and fresh exterior finishes.

Listing Details

  • Cap Rate

    7.5%

  • Space Type

    Mixed Use

  • Sub Category

    Multifamily / Office

  • Date Listed

    11/5/2025

  • Broker/Agent Co-op

    Yes

  • Net Operating Income

    $112,850

Property Specifics

  • Property Name

    248 Avenue P

  • Property Class

    C

  • No of Buildings

    1

  • No of Units

    3

  • Year Built

    1935

  • Lot Size

    1,620 SF

  • Year Renovated

    2025

  • APN

    06626-0010

  • Zoning

    R5B

  • Occupancy

    33%