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.
Active
Price cut: $174K (6/10)
$2,325,000
396 Shepherd Ave, Brooklyn, NY 11208
7beds
5,670sqft
Condominium
Built in 2022
-- sqft lot
$2,270,600 Zestimate®
$410/sqft
$-- HOA
What's special
Contemporary finishes throughoutAll one-bedroom apartmentsEfficient layouts
- 84 days
- 203
- 3
Zillow last checked:
Listing updated:
Listed by:
5 Boro Realty Corp 917-705-0005,
Nina Sabag
Source: StreetEasy,MLS#: S1832990
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
$2,270,600
$2.16M - $2.38M
$6,711/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/10/2026 | Price change | $2,325,000-7%$410/sqft |
Source: NY State MLS #11738869 Report a problem | ||
| 5/4/2026 | Price change | $2,499,000-12.3%$441/sqft |
Source: NY State MLS #11738869 Report a problem | ||
| 6/21/2024 | Listed for sale | $2,850,000+427.8%$503/sqft |
Source: | ||
| 1/18/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 1/14/2024 | Listed for rent | $2,652+5% |
Source: Zillow Rentals Report a problem | ||
| 4/30/2022 | Listing removed | -- |
Source: StreetEasy Report a problem | ||
| 4/7/2022 | Price change | $2,525+3.1% |
Source: StreetEasy Report a problem | ||
| 4/4/2022 | Price change | $2,450-9.3% |
Source: StreetEasy Report a problem | ||
| 3/31/2022 | Price change | $2,700+4.9% |
Source: StreetEasy Report a problem | ||
| 3/29/2022 | Price change | $2,575-6.4% |
Source: StreetEasy Report a problem | ||
| 3/27/2022 | Price change | $2,750+12.2% |
Source: StreetEasy Report a problem | ||
| 3/24/2022 | Price change | $2,450-4.9% |
Source: StreetEasy Report a problem | ||
| 3/3/2022 | Listed for rent | $2,575 |
Source: StreetEasy Report a problem | ||
| 9/11/2019 | Sold | $540,000$95/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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







