183 Shepherd Ave, Brooklyn, NY, 11208
About This Home
Exceptional opportunity for homeowners, investors, and developers in the heart of East New York, Brooklyn. Situated on a valuable lot with approximately 3,800 square feet of additional development rights (air rights), this property offers immediate usability and significant future upside. The existing residence is a charming 1-bedroom, 1-bathroom duplex home featuring approximately 520 square feet of living space. The flexible two-level layout provides comfortable living while leaving tremendous potential for expansion, redevelopment, or long-term investment. One of the property's most unique features is its expansive parking capacity, accommodating up to 10 vehicles, making it ideal for contractors, business owners, fleet operators, or investors seeking rare off-street parking in Brooklyn. Conveniently located near major shopping corridors, supermarkets, restaurants, schools, and neighborhood amenities. Commuters will appreciate easy access to multiple subway lines, bus routes, and major transportation arteries, providing quick connections throughout Brooklyn, Queens, and Manhattan. Property Highlights: 1 Bedroom / 1 Bathroom Duplex Home Approximately 520 SF Existing Residence Approximately 3,800 SF of Additional Air Rights Parking for Up to 10 Vehicles Excellent Development and Investment Potential Convenient Access to Shopping and Services Close to Subway and Public Transportation Prime East New York Location Whether you're seeking a unique live-in property, land-bank investment, or future development site, this East New York opportunity offers exceptional versatility and long-term value.
Getting Around
Very Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1910
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Features
- Flooring: Hardwood
Interior Area
- Total structure area: 520
- Total interior livable area: 520 sqft
Property
Details
- Parcel number: 03958001401
- Special condition: Resale
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
- 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 | $3,539 | $42,468 |
| Home Insurance * | $256 | $3,072 |
| Property Taxes | $326 | $3,912 |
| Electricity | $246 | $2,954 |
| Total | $4,367 | $52,404 |
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)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-15 | Listed for sale | $700,000 |
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