48 Crescent ST, Brooklyn, NY 11208
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48 Crescent ST, Brooklyn, NY 11208
48 Crescent ST, Brooklyn, NY 11208
48 Crescent ST, Brooklyn, NY 11208
48 Crescent ST, Brooklyn, NY 11208
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$ 1,095,000
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48 Crescent ST Brooklyn, NY 11208

5 Beds

4 Baths


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision Cypress Hills

MLS Listing ID 1064475

Bedrooms 5

Full Baths 4

Rental Info No

Year Built 2007

Annual Tax Amount $6,241

Property Sub-Type Duplex

Source onekey2

Property Description

Welcome to 48 Crescent Street, an income-producing property in the heart of Cypress Hills offering two leased residences, a flexible lower level, and strong long-term upside. Combined monthly rents total well over $6,000, so this turnkey investment delivers dependable cash flow from day one.

The first-floor residence features 2 bedrooms and 2 full bathrooms and is leased through July 2027. The second-floor residence offers 3 bedrooms and 1.5 bathrooms and is leased through December 2026. Current rents sit below market value, which creates clear room for rental growth as the leases turn over.

The lower level has its own separate outside entrance, which adds versatility. It is currently vacant and used for storage. It could serve as a recreation room, a home office, or additional storage, or be put to another permitted use.

Commuting is easy. The J train stops at Cypress Hills, and the J/Z trains stop at Crescent Street. Multiple bus routes connect you throughout Brooklyn, Queens, and Manhattan, and drivers have quick access to Atlantic Avenue and the Jackie Robinson Parkway. Shops, supermarkets, and restaurants along Jamaica Avenue are just steps away. The green space, walking paths, and recreation of Highland Park and the Ridgewood Reservoir are close by.

With reliable rental income, a versatile three-level layout, and a well-connected location, 48 Crescent Street is an excellent opportunity for an investor or a future owner-occupant. Schedule your private showing today.

Location

State NY

County Kings (brooklyn)

Rooms

Basement See Remarks

Interior

Interior Features First Floor Bedroom, First Floor Full Bath

Heating Hot Water, Natural Gas

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features On Street

Utilities Available Natural Gas Connected, See Remarks

Garage false

Building

Sewer Public Sewer

Water Public

Structure Type Brick

Schools

Elementary Schools Ps 65

Middle Schools Highland Park Community School

High Schools Brooklyn 19

School District Brooklyn 19

Others

Senior Community No

Special Listing Condition None


OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS
Listed by Douglas Elliman Real Estate • Harry Ego-Aguirre

Nearby Locations

Triolo Realty Group Inc.

Triolo Realty Group Inc.

Broker

+1(718) 844-5414

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48 Crescent ST