396 SHEPHERD AVE, Brooklyn, NY 11208

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List Price
$2,325,000
Price Change
▼ $174,000 1781127006
Days on Market
155
Status
ACTIVE
MLS#
11738869
Year Built
2021

Property Description

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.

Additional Information

Neighborhood
East New York
Stories
4

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Calculator source: Real Geeks

Listing courtesy of NINA SABAG with 5 BORO REALTY CORP