Brick Duplex with
New
For Sale
$828,000
125 Shepherd Avenue, Brooklyn, NY 11208
Residential, Brooklyn, NY
Property Size1,060 SF
Lot Size0.05 Acres
Price / SF$781.13
Days on Market3
Property Features for 125 Shepherd Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
3
Full bathrooms
2
Rooms
Bathroom 3, Bathroom 1, Bathroom 2
Patio and Porch features
Patio
Interior features
A/C Unit - Window, Patio Garden, Refrigerator, Stove
Basement
Full, Finished
Subdivision
Cypress Hills
Standard status
Active
Size
1,060 SF
Lot size
0.05 Acres
Amenities
backyard
basement storage
Building Details
Number of units
2
Flooring type
Linoleum, Hardwood, Ceramic
Building materials
Brick
Roof type
Asphalt
Listing Agency:
Revived Residential
(929) 379-3750
Listed By:
Hiram T. Borrero
(347) 688-2368
Added: Oct 11
Changed: Oct 13
Last Checked: Oct 13 at 10:06AM
MLS# 505238
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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 brick duplex contains two front-to-back apartments, one on each full floor. Both have separate living and dining rooms, a kitchen, and a bathroom; the upper kitchen has wood cabinets and stone counters, while the lower retains metal cabinetry and a sink with double drainboards. Hardwood, linoleum, and ceramic flooring are among the interior finishes. A basement adds storage and utility space, and a paved backyard offers outdoor space.
The property at 125 Shepherd Avenue is in Brooklyn’s Cypress Hills area. Highland Park and the Ridgewood Reservoir walking paths are nearby, as is the Norwood Avenue J/Z station, which connects to Manhattan.
The property at 125 Shepherd Avenue is in Brooklyn’s Cypress Hills area. Highland Park and the Ridgewood Reservoir walking paths are nearby, as is the Norwood Avenue J/Z station, which connects to Manhattan.
Key Highlights
- Two full‑floor apartments in a brick building
- 1,060 square feet of property area on a 0.0464‑acre lot
- Each apartment has separate living and dining rooms, a kitchen, and a bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,211
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$544,220
$544.2K
Cap Rate 7%
$388,729
$388.7K
Cap Rate 9%
$302,344
$302.3K
Market Conditions
NOI Build-Up for 1,060 SF
Gross rent
$40.7K $38.40/SF
− Vacancy
−$1.8K −$1.73/SF
EGI
$38.9K $36.67/SF
− OpEx
−$11.7K −$11.00/SF
NOI
$27.2K $25.67/SF
Area
ZIP 11208
Vacancy
4.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$544,220
Cap Rate 7%
$388,729
Cap Rate 9%
$302,344
Alternative Uses
Best Use
Multifamily LT 5
$388.7K
$340.1K – $453.5K
NOI $27,211 @ 7.0% cap · market cap 3.29%
Second Best
Apartment 5plus
$346.1K
$302.9K – $403.8K
NOI $24,229 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$648.6K
$567.5K – $756.7K
NOI $45,401 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,260
Businesses Nearby
Explore this area
Business Placement
Demographics for 11208, NY
101,958
Population
37,261
Households
2.7
Avg Household Size
35
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
37,762
Density / Sq Mi
$59,988
Median Household Income
$40,156
Median Earnings
$1,563
Median Rent
$638,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two full-floor apartments each include separate living and dining areas, a kitchen, and a bathroom.
Where is this duplex located?
The property is located at 125 Shepherd Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $828,000.
What are key features of this property?
This property features: Two full‑floor apartments in a brick building; 1,060 square feet of property area on a 0.0464‑acre lot; Each apartment has separate living and dining rooms, a kitchen, and a bathroom
