48 Crescent Street, Brooklyn, NY 11208

Brooklyn
Local realty services provided by:ERA Insite Realty Services
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, offering established rental income, a spacious layout, and promising long-term potential across three thoughtfully utilized levels. The first-floor residence features 2 bedrooms and 2 full bathrooms and is currently rented for $3,027 per month, with a lease in place through July 2027. The second-floor residence offers 3 bedrooms and 1.5 bathrooms and is currently rented for $3,058 per month, with a lease through December 2026. The landlord’s monthly portion is $2,709, while the tenant is responsible for gas and electric. Both occupied residences are city-administered rentals, providing consistent monthly income under the existing program and lease terms. With current rents below potential market value, the property may offer an opportunity for future rental growth following the expiration of the existing leases, subject to applicable regulations and program requirements. The lower...

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Home facts

  • Year built:2007
  • Listing ID #:1035496
  • Added:6 day(s) ago
  • Updated:August 13, 2026 at 11:08 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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