396 Shepherd Ave, Brooklyn, NY, 11208
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.
Getting Around
Very Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 2021
Notable Dates
- Major remodel year: 2021
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Full,Finished
Features
- Finished area above ground: 5,670
Heating
- Heating features: Has Heating (Unspecified Type)
Interior Area
- Total structure area: 5,670
- Total interior livable area: 5,670 sqft
Property
Details
- Parcel number: 040040022
- Lease amount: 0
Features
- Stories: 4
- Frontage length: 0
Lot
- Lot size: 1,800 sqft
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Cold Wave
- Strong Wind
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Kings County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $11,756 | $141,072 |
| Home Insurance * | $850 | $10,200 |
| Property Taxes | $1,085 | $13,020 |
| Electricity | $937 | $11,244 |
| Total | $14,628 | $175,536 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-04 | Price change | $2,499,000 |
| 2024-06-21 | Listed for sale | $2,850,000 |
| 2024-01-18 | Listing removed | -- |
| 2024-01-14 | Listed for rent | $2,652 |
| 2022-04-30 | Listing removed | -- |
| 2022-04-07 | Price change | $2,525 |
| 2022-04-04 | Price change | $2,450 |
| 2022-03-31 | Price change | $2,700 |
| 2022-03-29 | Price change | $2,575 |
| 2022-03-27 | Price change | $2,750 |
| 2022-03-24 | Price change | $2,450 |
| 2022-03-03 | Listed for rent | $2,575 |
| 2019-09-11 | Sold | $540,000 |
View on Zillow