Newly built in 2022, this fully occupied, fully renovated multi-family property in East New York spans 4,823 sq. ft. over four stories with six units (seven apartments). The property features modern kitchens, energy-efficient systems, private outdoor spaces, a finished basement with laundry, great trigger to your yearly water charges. Off-street parking. Enjoy a 30-year tax abatement, a 6% cap rate, and zoning flexibility (R6A). Conveniently located near A and C subway lines, parks, schools, shopping, and dining. Excellent investment opportunity with strong rental income.
Property Details
Property Features
Property Information:
Architectural Style: Other
Year Built: 2022
Listing Office:
Office Name: 5 Boro Realty Corp
Office Phone: (855) 305-3325
Interior Features
Interior Information:
Basement: No
Bedroom and Bathroom Information:
Full Bathrooms: 7
Total Bedroom Count: 8
Exterior Features
Parking Information:
Attached Garage: No
Parking: Off Street
Lot Features
Lot Information:
Lot Size: 0.04 Acres
Utilities
Utilities Information:
Heating: Other
Cooling: Central Air
Price Information
Listing Price Info
Price Summary:
List Price: $2,850,000
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Housing Market Comparison
See how this home compares to others in New York, NY.
This property is $1.9M more than the Median Sold Price in New York, NY.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: ONEKEY
MLS Number: #3560746
Listing Office:
Office Name: 5 Boro Realty Corp
Office Phone: (855) 305-3325
Listings courtesy of OneKey MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.
Information Copyright 2024, OneKey™ MLS. All Rights Reserved. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. Last updated on: 11/21/2024, 10:56:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
P.S. 345 Patrolman Robert Bolden School
111 Berriman St
Distance between this listing and this school0.12 miles
Public District Grades KG-5
5
/10
P.S. 158 Warwick School
400 Ashford St
Distance between this listing and this school0.28 miles
Public District Grades KG-5
2
/10
East New York Elementary School of Excellence
605 Shepherd Ave
Distance between this listing and this school0.37 miles
Public District Grades PK-5
Nearby Schools
4
/10
Liberty Avenue Middle School
350 Linwood St
Distance between this listing and this school0.23 miles
Public District Grades 6-8
7
/10
Vista Academy
350 Linwood St
Distance between this listing and this school0.23 miles
Public District Grades 6-8
7
/10
Achievement First Apollo Charter School
350 Linwood St
Distance between this listing and this school0.23 miles
Public Charter Grades KG-8
Nearby Schools
3
/10
Transit Tech Career and Technical Education High School
1 Wells St
Distance between this listing and this school0.37 miles
Public District Grades 9-12
2
/10
School for Classics High School
370 Fountain Ave
Distance between this listing and this school0.44 miles
Public District Grades 9-12
2
/10
W H Maxwell Career and Technical Education High School
145 Pennsylvania Ave
Distance between this listing and this school0.80 miles
The neighbors living near this home have an average income of $50,421. The majority of New York, NY residents have income between $35k-100k annually. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.
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This home is located at 396 Shepherd Ave in East New York, NY and zip code 11208 in the East New York neighborhood. This home, which was built in 2022, sits on a 0.04 acre lot. Features: 8 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since June 21, 2024 and is currently priced at $2,850,000.
Over 269 listings were sold over their listed price in October 2024 in New York, NY. In the same period over 833 listings were sold below the listed price and 850 listings were sold for the listed price. Between September 2024 and October 2024, New York, NY real estate market has seen increase in the number of listings by 1.8%. The median list price of listings available in October 2024 was $856,124, while the average time on the real estate market was 84 days.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
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