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Single Family House for Sale in Brooklyn, New York, Brooklyn, NY 11208 | Web ID: 1035496 | $1,195,000

48 Crescent Street , Brooklyn , NY 11208

 
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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.

Property Information

Location/Town New York
Area/County Brooklyn
Post Office/Postal City Brooklyn
Prop. Type Single Family House for Sale
Tax $6,165.00
Bedrooms 5
Total Baths 4
Full Baths 4
Year Built 2007
Basement See Remarks, Storage Space, Unfinished
Construction Brick
Total Units 2
Lot SqFt 1,160
Cooling Wall/Window Unit(s)
Heat Source Hot Water, Natural G
Util Incl Natural Gas Connected, See Remarks
Days On Market 11
Parking Features On Street
Tax Assessed Value 70380
Units 2
School District Brooklyn 19
Middle School Highland Park Community School
Elementary School Ps 65
High School Cypress Hills Collegiate Prep
Features First floor bedroom, first floor full bath, ceiling fan(s), washer/dryer hookup
Listing information courtesy of: Douglas Elliman Real Estate

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