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396 Shepherd Ave, Brooklyn, NY, 11208

--beds
0baths
5,670sqft
$2,499,000
$441price/sqft
$15,653/moest. monthly cost
$626,120/yrincome needed

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

74
WalkingVery Walkable
0
TransitVery Limited Transit
62
BikeBikeable

Schools

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