Fully Renovated Three-Family
325 Shepherd Avenue Brooklyn, NY 11208
For Sale
$1,399,000
MULTI_FAMILY - Brooklyn, NY
Property Size2,800 SF
Price / SF$499.64
Days on Market58
Property Features for 325 Shepherd Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
5
Rooms
Bedroom 2, Bedroom 5, Bedroom 3, Bedroom 6, Bathroom 1, Bathroom 5, Bathroom 2, Bedroom 1, Bedroom 8, Bedroom 7, Bathroom 4, Bathroom 3, Bedroom 4
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
4990
Building Details
Floors in Building
3
Building materials
Vinyl Siding
Listing Agency:
H P GREENFIELD REAL ESTATE LTD
Listed By:
Gary Weiner
Added: Jun 1
Changed: Jul 16
Last Checked: Jul 28 at 5:06AM
MLS# 11798618
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully renovated legal three-family home is delivered vacant and includes a complete basement. The property features a light court designed to bring natural sunlight into the interior, along with a private backyard. All electric utilities are in place, and the configuration provides 8 bedrooms and 5 bathrooms across the home’s finished areas.
Located in Brooklyn’s Cypress Hills vicinity, the property is near shopping and restaurants along Atlantic Avenue. Access to daily conveniences is supported by the surrounding neighborhood retail and dining options.
For tenants or buyers seeking a straightforward residential income setup, the unit count and updated condition offer an immediate path to occupancy. With tenants paying utilities and the home delivered vacant, an operator can focus on leasing and managing without needing to address renovation scope. The combination of a full basement and interior light court also supports day-to-day livability across the three-family configuration.
Located in Brooklyn’s Cypress Hills vicinity, the property is near shopping and restaurants along Atlantic Avenue. Access to daily conveniences is supported by the surrounding neighborhood retail and dining options.
For tenants or buyers seeking a straightforward residential income setup, the unit count and updated condition offer an immediate path to occupancy. With tenants paying utilities and the home delivered vacant, an operator can focus on leasing and managing without needing to address renovation scope. The combination of a full basement and interior light court also supports day-to-day livability across the three-family configuration.
Key Highlights
- Legal three‑family home delivered vacant with a complete basement
- Fully renovated interior with 8 bedrooms and 5 bathrooms across over 2,800 sq ft
- Interior light court for natural sunlight
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $107.5k | $38.40 |
| − Vacancy | −$4.8k | −$1.73 |
| EGI | $102.7k | $36.67 |
| − OpEx | −$30.8k | −$11.00 |
| NOI | $71.9k | $25.67 |
2,800 SF · lease $38.40/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$898.5K – $1.20M
NOI $71,877 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$914.3K
$800.0K – $1.07M
NOI $64,000 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,928 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Legal three-family property delivered vacant with private backyard and fully updated interiors.
Where is this triplex located?
The property is located at 325 Shepherd Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Legal three‑family home delivered vacant with a complete basement; Fully renovated interior with 8 bedrooms and 5 bathrooms across over 2,800 sq ft; Interior light court for natural sunlight
