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396 SHEPHERD AVE
Brooklyn NY 11208 US

$2,499,000

Active Listing ID 11738869
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$2,499,000

Active Listing ID 11738869
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396 SHEPHERD AVE 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.

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Property Features

  • Facts
  • Property Type: Residential Multi Family
  • Property Sub-type: Other

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 2499000
  • unparsedaddress: 396 SHEPHERD AVE
  • postalcity: Brooklyn
  • stateorprovince: NY
  • country: US
  • postalcode: 11208
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0
  • lotsizeunits: Acres
  • livingarea: 5670
  • livingareaunits: Square Feet
  • latitude: 40.674926
  • longitude: -73.88126
  • listagentfullname: NINA SABAG
  • listagentemail: nina@5brc.com
  • listagentkey: 3yd-NYSMLS-90936
  • listagentmlsid: 90936
  • listagentpreferredphone: 8553053325
  • listagentofficephone: 9177050005
  • listofficekey: 3yd-NYSMLS-8169
  • listofficemlsid: 8169
  • disclaimer: Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: NYSMLS
  • yearbuilt: 2021
  • yearbuilteffective: 2021
  • listingcontractdate: 2026-05-04
  • countyorparish: Kings
  • numberofunitstotal: 0
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 4
  • parkingtotal: 0
  • parkingfeatures: Garage
  • waterfrontyn: False
  • architecturalstyle: Other
  • rooms: Basement, Kitchen
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -73.88126, 40.674927
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"5 BORO REALTY CORP", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"nina@5brc.com", "ListBrokerageCity":"BROOKLYN", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"5 BORO REALTY CORP", "ListBrokeragePhone":"855-305-DEAL", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"NY", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"2153 UTICA AVE", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"2153 UTICA AVE", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":null, "ListOfficeCity":"BROOKLYN", "ListOfficeCountry":"US", "ListOfficeEmail":null, "ListOfficePostalCode":"11234", "ListOfficeStateOrProvince":"NY", "ListPriceCurrencyType":"USD", "ListingTitle":"Multi-Unit (5+) - Brooklyn, NY", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/396-Shepherd-Ave_Brooklyn_NY_11208_M95786-91499?f=listhub&s=NYSMLS&m=11738869&c=rexren", "MLSModificationTimestamp":"2026-05-05T17:49:09Z", "Neighborhoods":[{"Description":null, "Name":"East New York"}], "PostalCode":null, "RawPropertySubType":"Multi-Unit (5+)", "RawPropertyType":"Multi-Unit (5+)", "RoomCount":0, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":297, "TaxDescription":null, "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 5/6/2026 9:06:29 PM GMT
Source Updated Date: 5/10/2026 6:40:17 PM GMT

Courtesy of: NINA SABAG, 5 BORO REALTY CORP, nina@5brc.com

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.