396 SHEPHERD AVE, Brooklyn, NY 11208
396 SHEPHERD AVE, Brooklyn, NY 11208
396 SHEPHERD AVE, Brooklyn, NY 11208
396 SHEPHERD AVE, Brooklyn, NY 11208
396 SHEPHERD AVE, Brooklyn, NY 11208
396 SHEPHERD AVE, Brooklyn, NY 11208
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Celinda Iaboni

Celinda Iaboni

+1(631) 786-9603
$ 2,499,000
Est. payment | /mo

5,670 SqFt

Save
$ 2,499,000
Est. payment | /mo
Save

5,670 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,670 sqft

Price per Sqft $440

MLS Listing ID 11738869

Year Built 2021

Annual Tax Amount $297

Lot Size 1,800 Sqft

Property Description

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.

Location

State NY

County 36047

Rooms

Basement Full

Dining Room 0

Kitchen 0

Building

Story 4

NEARBY SCHOOL & BUSINESS

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Celinda Iaboni

Celinda Iaboni

+1(631) 786-9603

Broker | License ID: 10491210466

Broker License ID: 10491210466

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396 SHEPHERD AVE

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