Skip main navigation
Active
  • Price cut: $174K (6/10)
    $2,325,000

    396 Shepherd Ave, Brooklyn, NY 11208

    7beds
    5,670sqft
    Loading
    Condominium
    Built in 2022
    -- sqft lot
    $2,252,200 Zestimate®
    $410/sqft
    $-- HOA

    What's special

    Contemporary finishes throughoutAll one-bedroom apartmentsEfficient layouts
    Investment opportunity! 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.
    37 days
    |
    219
    |
    3
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    5 Boro Realty Corp 917-705-0005,

    Nina Sabag

    Source: StreetEasy,MLS#: S1832990

    Loading...

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 7
      • Bathrooms: 7
      • Full bathrooms: 7
      Features
      • Has fireplace: No
      Interior area
      • Total structure area: 5,670
      • Total interior livable area: 5,670 sqft

      Property

      Details
      • Parcel number: 040040022
      • Special conditions: Resale

      Construction

      Type & style
      • Home type: Condo
      • Property subtype: Condominium
      Condition
      • Year built: 2022

      Community & HOA

      Community
      • Subdivision: East New York
      Location
      • Region: Brooklyn

      Financial & listing details

      • Price per square foot: $410/sqft
      • Tax assessed value: $723,000
      • Annual tax amount: $300
      • Date on market: 6/10/2026

        Estimated market value

        $2,252,200

        $2.14M - $2.36M

        $6,229/mo

        Price history

        DateEventPrice
        6/10/2026Price change$2,325,000-7%$410/sqft
        Source: NY State MLS #11738869 Report a problem
        5/4/2026Price change$2,499,000-12.3%$441/sqft
        Source: NY State MLS #11738869 Report a problem
        6/21/2024Listed for sale$2,850,000+427.8%$503/sqft
        Source: OneKey® MLS as distributed by MLS GRID #3560746 Report a problem
        1/18/2024Listing removed--
        Source: Zillow Rentals Report a problem
        1/14/2024Listed for rent$2,652+5%
        Source: Zillow Rentals Report a problem
        4/30/2022Listing removed--
        Source: StreetEasy Report a problem
        4/7/2022Price change$2,525+3.1%
        Source: StreetEasy Report a problem
        4/4/2022Price change$2,450-9.3%
        Source: StreetEasy Report a problem
        3/31/2022Price change$2,700+4.9%
        Source: StreetEasy Report a problem
        3/29/2022Price change$2,575-6.4%
        Source: StreetEasy Report a problem
        3/27/2022Price change$2,750+12.2%
        Source: StreetEasy Report a problem
        3/24/2022Price change$2,450-4.9%
        Source: StreetEasy Report a problem
        3/3/2022Listed for rent$2,575
        Source: StreetEasy Report a problem
        9/11/2019Sold$540,000$95/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$38,255 -3.7%$325,350 +14.3%
        2024$39,722 $284,760 -20%
        2023-- $355,950 +4019.8%
        2022-- $8,640 -5.3%
        2021-- $9,120 -5%
        2020$530 +5%$9,600 -4.8%
        2019$505 $10,080 +322.5%
        2018-- $2,386 +1.8%
        2017$478 +10.4%$2,343 +5.9%
        2016$433 $2,212 +5.9%
        2015$433 +62.2%$2,088 +5%
        2014$267 $1,989
        2013-- $1,989 +1.8%
        2012-- $1,953 +5.9%
        2011-- $1,844 +6%
        2010-- $1,740 +4.9%
        2009-- $1,658
        2008-- $1,658 +1.8%
        2007-- $1,628 +5.9%
        2006-- $1,537 +6%
        2005-- $1,450 +4.9%
        2004-- $1,382
        2003-- $1,382 +1.8%
        2002-- $1,357 +5.9%
        2001-- $1,281 +6%
        2000-- $1,209
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: East New York

        Getting around

        74 / 100
        Very Walkable
        62 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

        Similar homes