48 Crescent Street, Brooklyn, NY 11208

Brooklyn
Local realty services provided by:ERA Top Service Realty
48 Crescent Street,Brooklyn, NY 11208
$1,095,000
  • 5 Beds
  • 4 Baths
  • 2,070 sq. ft.
  • Multi-family
  • Active
Listed by: harry ego-aguirre, danial nadeem
Office: douglas elliman real estate
MLS#:1064475
Source:OneKey MLS

Price summary

  • Price:$1,095,000
  • Price per sq. ft.:$528.99

About this home

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,...

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Home facts

  • Year built:2007
  • Listing ID #:1064475
  • Added:1 day(s) ago
  • Updated:October 20, 2026 at 03:43 AM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:4
  • Full bathrooms:4
  • Bedroom Description:First Floor Bedroom
  • Basement:Yes
  • 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:$1,095,000
  • Price per sq. ft.:$528.99
  • Tax amount:$6,241 (2025)

Parking

  • Parking description:On Street
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