48 Crescent Street,Brooklyn, NY 11208
Brooklyn, NY 11208
Description
Welcome to 48 Crescent Street, a versatile income-producing property in the heart of Cypress Hills, Brooklyn. Offering established rental income, a spacious layout, and promising long-term potential across three thoughtfully utilized levels. This turnkey investment opportunity generates strong cash flow with combined monthly rents well exceeding $6,000. The first-floor unit features 2 bedrooms and 2 full bathrooms, leased through July 2027. The second-floor unit offers 3 bedrooms and 1.5 bathrooms, leased through December 2026. Both occupied residences offer consistent monthly income under the existing lease terms. With current rents below potential market value, the property offers an opportunity for future rental growth following the expiration of the existing leases. The lower level expands the property’s versatility with a separate outside entrance. Currently vacant and used for storage, the space provides flexibility for recreation, a home office, additional storage, or other permitted uses. Conveniently located near the J train at the Cypress Hills station, the J and Z trains at the Crescent Street station, and multiple nearby bus routes, the property offers convenient connections throughout Brooklyn, Queens, and Manhattan. Enjoy close proximity to the shops, supermarkets, restaurants, and everyday conveniences found along Jamaica Avenue, along with the open green spaces, walking paths, and recreational opportunities of Highland Park and the Ridgewood Reservoir. Easy access to Atlantic Avenue and the Jackie Robinson Parkway further enhances the property’s accessibility. Offering dependable rental income, a flexible three-level layout, and a well-connected Brooklyn location, 48 Crescent Street presents an excellent opportunity for an investor or future owner-occupant. Schedule your private showing today.
Details
| MLS # | 1035496 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2007 |
| Days On Site | 17 |
| Listing Provided By | Douglas Elliman Real Estate | Harry Ego-Aguirre |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 2,070 |
| Basement | Y |
| Units | 2 |
| Acreage | 0.03 |
Interior
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | Hot Water, Natural Gas |
| Interior Features | First Floor Bedroom, First Floor Full Bath, Ceiling Fan(s), Washer/Dryer Hookup |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | On Street |
Utilities
| Utilities | Natural Gas Connected, See Remarks |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 70380 |
| Tax Annual Amount | 6164.92 |
Area Information
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11208 |
| School District | Cypress Hills Collegiate Prep Sc |
| Elementary School | Ps 65 |
| High School | Cypress Hills Collegiate Prep Sc |
| Listing VS Median (in 11208) | |
Price: $1,195,000 low | high Med: $899,000 sqft: 2,070 low | high Med: 2,080 $ / sqft: $577 low | high Med: $432 On site: 17 low | high Med: 73 | |
Market Activity 11208
Request a showing
Request a showing
Contact
Learn More About This Property
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11208 |
| School District | Cypress Hills Collegiate Prep Sc |
| Elementary School | Ps 65 |
| High School | Cypress Hills Collegiate Prep Sc |
| Listing VS Median (in 11208) | |
Price: $1,195,000 low | high Med: $899,000 sqft: 2,070 low | high Med: 2,080 $ / sqft: $577 low | high Med: $432 On site: 17 low | high Med: 73 | |
 | $1,495,00027 Cox PlaceBrooklyn, NY 11208 |
 | $788,00033 Cox PlaceBrooklyn, NY 11208 |