Fully Renovated Three-Family
325 Shepherd Avenue, Brooklyn, NY 11208
- Added:
- Jun 1, 2026
- Days on Market:
- 10
- Last Refresh:
- Jun 10 at 1:06 pm
Property Features for 325 Shepherd Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 5
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Living Room
- Parking features
- Garage
- Basement Y/N
- 1
- Appliances
- Refrigerator
- Standard status
- Active
Taxes and HOA fees
- Tax Annual Amount
- 4990
Building Details
- Floors in Building
- 3
- Building materials
- Vinyl Siding
- Architectural style
- Other
Listing agent Gary Weiner (718) 338-3380
Listing office H P GREENFIELD REAL ESTATE LTD 850 Fulton Street, BROOKLYN, NY
Listing date Jun 1, 2026
MLS# 11798618
Listing URL
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.
HighLights
- Legal three‑family home delivered vacant with complete basement
- Fully renovated interior with 8 bedrooms and 5 bathrooms over 2,800+ SF
- Basement included and listed rooms include multiple bathrooms and bedrooms plus kitchen and living room
- Private backyard and interior light court for natural sunlight
- All‑electric home; tenants pay utilities
- Vinyl siding exterior with garage parking and includes refrigerator
Overview
This fully renovated, legal three-family home is delivered vacant and includes a complete basement. The property has been all new and gut renovated, with interiors arranged across multiple bedrooms and bathrooms for a three-unit rental configuration. An interior light court is incorporated to bring in natural sunlight, and the home also offers a private backyard. The property is all-electric, with tenant-paid utilities.
The address is 325 Shepherd Avenue in Brooklyn, NY 11208, in the Cypress Hills vicinity. The surrounding area offers access to shops and restaurants along Atlantic Avenue.
For buyers seeking a move-in-ready residential income property, this asset is positioned as a turnkey three-family with renovation completed and a vacant delivery. With an interior light court and a private outdoor area, the floorplans support a practical tenant experience, while the all-electric setup with tenant-paid utilities can help simplify ongoing operating considerations. The complete basement adds additional usable space to support the property’s overall functionality.
The address is 325 Shepherd Avenue in Brooklyn, NY 11208, in the Cypress Hills vicinity. The surrounding area offers access to shops and restaurants along Atlantic Avenue.
For buyers seeking a move-in-ready residential income property, this asset is positioned as a turnkey three-family with renovation completed and a vacant delivery. With an interior light court and a private outdoor area, the floorplans support a practical tenant experience, while the all-electric setup with tenant-paid utilities can help simplify ongoing operating considerations. The complete basement adds additional usable space to support the property’s overall functionality.
Local 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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.88135
- Latitude
- 40.677143
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Legal three-family delivered vacant, with new interiors, a private backyard, and tenant-paid utilities in place.
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 complete basement; Fully renovated interior with 8 bedrooms and 5 bathrooms over 2,800+ SF; Basement included and listed rooms include multiple bathrooms and bedrooms plus kitchen and living room
