396 SHEPHERD AVE, Brooklyn, NY 11208

$2,325,000
$174K
Active for Sale
 
Listing ID 11738869
Property Type Multi-Unit (5+)
County Kings
Township BROOKLYN
Neighborhood East New York
Total Tax $297
FEMA Flood Map fema.gov/portal
Year Built 2021
Virtual Tour
Welcome to 396 Shepherd Avenue, a newly constructed, turnkey investment opportunity in the heart of Brooklyn. This modern 7-unit building features all one-bedroom apartments, thoughtfully designed to meet today's rental demand with efficient layouts and contemporary finishes throughout. The property is fully occupied, offering immediate and stable cash flow with a strong annual gross income of $188,966. Each unit has been built to high standards, making this an ideal low-maintenance asset for investors seeking long-term appreciation and consistent returns. Positioned in a growing neighborhood with strong rental demand, this brand-new construction eliminates the need for near-term capital improvements, allowing for a seamless, passive investment experience from day one. Whether you're expanding your portfolio or entering the Brooklyn multifamily market, 396 Shepherd Avenue represents a rare opportunity to acquire a fully stabilized, income-producing asset in a thriving location.
Property Details
  • 5670 SF (AG)
  • 5670 SF (Total)
  • 1800 SF Lot
  • Built in 2021
  • Renovated 2021
  • 4 Stories
  • Full Basement
  • Lower Level: Finished
Unit Information
Unit #1 – Bedrooms: 7, Full Baths: 7, Occupied, Unit Count: 7
Taxes and Fees
  • $297 Total Tax
Listed By
5 BORO REALTY CORP
Office: 855-305-3325
Mobile: 917-705-0005
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