$1,488,000

248 Avenue P, Brooklyn, NY 11204, US

Summary

Style: Mixed Use
Sq Ft: 4522
Year Built: 1935

Moving Quotes

primary photo for 248 Avenue P, Brooklyn, NY 11204, US

Remarks

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!

Details

MLS#: 480732
Price: $1,488,000

Style: Mixed Use
Sq Ft: 4522
Year Built: 1935

County: Kings (Brooklyn)
Lot Size: 1620
Tax Fee: 39484.00

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Broker Contact

RE/MAX Edge
1812 Bath Ave
Brooklyn, NY, 11214
US
Michael Napolitano
! (718) 612-3088
! michaelnapolitano@remaxedgeny.com
! Website

Information is believed to be accurate but should not be relied upon without verification.
Data Provided by Brooklyn New York Multiple Listing Service
Last updated: 2024-06-02T17:12:43.000-04:00.
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