396 Shepherd Ave Brooklyn, NY 11208
East New York NeighborhoodEstimated payment $13,353/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
| 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
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/04/2026 05/04/26 | For Sale | $2,499,000 | -- | $441 / Sq Ft |
Source: NY State MLS
MLS Number: 11738869
APN: 04004-0022
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