396 Shepherd Ave Brooklyn, NY 11208
East New York NeighborhoodEstimated payment $12,804/month
About This Home
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
Home Type
- Multi-Family
Est. Annual Taxes
- $297
Year Built
- Built in 2021
Lot Details
- 1,800 Sq Ft Lot
Interior Spaces
- 5,670 Sq Ft Home
- 4-Story Property
- Finished Basement
- Basement Fills Entire Space Under The House
Community Details
- East New York Community
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $298 | $390,600 | $64,800 | $325,800 |
| 2025 | $298 | $325,350 | $64,800 | $260,550 |
| 2024 | $298 | $284,760 | $64,800 | $219,960 |
| 2023 | $36,088 | $355,950 | $64,800 | $291,150 |
| 2022 | $561 | $8,640 | $8,640 | $0 |
| 2021 | $559 | $9,120 | $9,120 | $0 |
| 2019 | $499 | $10,080 | $10,080 | $0 |
| 2018 | $486 | $2,386 | $2,386 | $0 |
| 2017 | $478 | $2,343 | $2,343 | $0 |
| 2016 | $442 | $2,212 | $2,212 | $0 |
| 2015 | $267 | $2,088 | $2,088 | $0 |
| 2014 | $267 | $1,989 | $1,989 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/10/2026 06/10/26 | Price Changed | $2,325,000 | -7.0% | $410 / Sq Ft |
| 05/04/2026 05/04/26 | For Sale | $2,499,000 | -- | $441 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $540,000 | -- | |
| Deed | $220,000 | -- | |
| Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $280,000 | Unknown | |
| Open | $490,000 | Unknown | |
| Closed | $450,000 | Unknown | |
| Closed | $400,000 | New Conventional |
Source: NY State MLS
MLS Number: 11738869
APN: 04004-0022
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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