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Marithza Madeline Galloway

marithza@marithzarealestate.net +1(929) 542-7967

$ 1,195,000

Est. payment -/mo

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Active

48 Crescent ST Brooklyn, NY 11208

5 Beds

4 Baths

1,158 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision Cypress Hills

MLS Listing ID 1035496

Bedrooms 5

Full Baths 4

Rental Info No

Year Built 2007

Annual Tax Amount $6,164

Lot Size 1,158 Sqft

Acres 0.0266

Property Sub-Type Duplex

Source onekey2

Property 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.

Location

State NY

County Kings (brooklyn)

Rooms

Basement See Remarks, Storage Space, Unfinished

Interior

Interior Features First Floor Bedroom, First Floor Full Bath, Ceiling Fan(s), Washer/Dryer Hookup

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

Marithza Madeline Galloway

Broker Associate | License ID: 10301222016

+1(929) 542-7967 | marithza@marithzarealestate.net

Marithza Madeline Galloway

48 Crescent ST Brooklyn, NY 11208

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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48 Crescent ST