1-Bedroom
For Sale
Contact for pricing
198 Shepherd Ave, Brooklyn, NY 11208
A distinct bedroom and living area provide a separated layout within the apartment.
Property Size650 SF
Price / SF$4
Days on Market72
Property Features for 198 Shepherd Ave
General Information
Standard status
Active
Size
650 SF
Property subtype
Multi-Unit (2-4)
Units
Unit Mix
1 x one-bedroom
Multifamily Units
1
Building Details
Year Built
1901
Listing Agency:
Gosen properties
(718) 704-0494
Listed By:
Emmanuel Victor
(718) 598-7374
Source:
Gosenproperties
Added: Aug 20
Changed: Oct 29
Last Checked: Oct 28 at 6:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gosen properties
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Investment Insights
Based on property information with market context.
This 650-square-foot apartment has one bedroom and a separate living area. The building dates to 1901, and the residence is located at 198 Shepherd Ave in Brooklyn.
Local shopping, transportation, and neighborhood amenities are nearby.
Local shopping, transportation, and neighborhood amenities are nearby.
Key Highlights
- 650‑square‑foot, one‑bedroom apartment
- Separate bedroom and living area
- Building constructed in 1901
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,857
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,140
$297.1K
Cap Rate 7%
$212,243
$212.2K
Cap Rate 9%
$165,078
$165.1K
Market Conditions
NOI Build-Up for 650 SF
Gross rent
$28.1K $43.20/SF
− Vacancy
−$1.1K −$1.64/SF
EGI
$27.0K $41.56/SF
− OpEx
−$12.2K −$18.70/SF
NOI
$14.9K $22.86/SF
Area
ZIP 11208
Vacancy
3.80%
Lease Rate
$43.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,140
Cap Rate 7%
$212,243
Cap Rate 9%
$165,078
Alternative Uses
Best Use
Apartment 5plus
$212.2K
$185.7K – $247.6K
NOI $14,857 @ 7.0% cap · market cap 571.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$397.7K
$348.0K – $464.0K
NOI $27,840 @ 7.0% cap · market cap 1,070.77%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,797
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Residential income property - A distinct bedroom and living area provide a separated layout within the apartment.
Where is this residential income property located?
The property is located at 198 Shepherd Ave Brooklyn, NY.
What are key features of this property?
This property features: 650‑square‑foot, one‑bedroom apartment; Separate bedroom and living area; Building constructed in 1901
