48 Crescent Street, Brooklyn, NY 11208

Brooklyn
Local realty services provided by:Better Homes and Gardens Real Estate Choice Realty
48 Crescent Street,Brooklyn, NY 11208
$1,195,000
  • 5 Beds
  • 4 Baths
  • 2,070 sq. ft.
  • Multi-family
  • Active
Listed by: harry ego-aguirre, danial nadeem
Office: douglas elliman real estate
MLS#:1035496
Source:OneKey MLS

Price summary

  • Price:$1,195,000
  • Price per sq. ft.:$577.29

About this home

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...

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Home facts

  • Year built:2007
  • Listing ID #:1035496
  • Added:48 day(s) ago
  • Updated:September 24, 2026 at 11:07 AM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:4
  • Full bathrooms:4
  • Bedroom Description:First Floor Bedroom
  • Basement:Yes
  • Basement Description:Unfinished
  • Living area:2,070 sq. ft.

Heating and cooling

  • Heating:Hot Water, Natural Gas

Structure and exterior

  • Year built:2007
  • Building area:2,070 sq. ft.
  • Lot area:0.03 Acres
  • Construction Materials:Brick

Schools

  • High school:Cypress Hills Collegiate Prep School
  • Middle school:Highland Park Community School
  • Elementary school:Ps 65

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,195,000
  • Price per sq. ft.:$577.29
  • Tax amount:$6,165 (2025)

Features and amenities

  • Laundry features:Washer/Dryer Hookup

Parking

  • Parking description:On Street
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