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198 Shepherd AvenueBrooklyn, NY 11208

For Sale

$1,200,000

Smart Buyer Rebate $15,000

Welcome to 198 Shepherd Avenue, located in the heart of East New York, Brooklyn! This spacious two-family residence offers 5 bedrooms and 3 bathrooms, with a versatile layout featuring three rentable units, making it an excellent opportunity for homeowners and investors alike.

The property features a fully finished, walk-in basement apartment with one bedroom, full-size windows, and a comfortable living space, offering additional rental income potential. With three rentable units, this property provides flexibility for both owner-occupants and investors seeking income-producing opportunities.

Conveniently located near shopping, schools, parks, restaurants, and public transportation. Don't miss this fantastic opportunity to own a multifamily investment property in Brooklyn!

Listed by Nina Sabag

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5 Boro Realty Corp

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917-705-0005

Last updated October 30, 2026

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Source: OneKey #1067761

Listing Facts

  • TypeMulti-family
  • NeighborhoodHighland Park
  • Bedrooms5
  • Bathrooms3
  • Days on Prevu3
  • Taxes$3,770/year

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

10/28/2026
Listed by 5 Boro Realty Corp
$1,200,000
  1. 10/28/2026$1,200,000
    Listed by 5 Boro Realty Corp

Estimated Closing Costs

Attorney Fees
$4,000
NYC Mansion Tax
$12,000
Title Insurance
$5,400
Bank Attorney
$1,500
Mortgage Recording Tax
$18,480
Other Closing Costs
$4,000
Total
$45,380

Estimated closing costs are based on the list price of $1,200,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 198 Shepherd Avenue

Exterior

Construction

  • Number Of Units Total: 3
  • Property Condition: Updated/Remodeled
  • Structure Type: Townhouse
  • Year Built: 1901
  • Construction Materials: Brick

Measurements

  • Building Area Total: 3,000
  • Building Area Units: Square Feet
  • Lot Size Square Feet: 2,500

Financial

Taxes

  • Parcel Number: 03957-0039
  • Tax Annual Amount: $3,770.00
  • Tax Year: 2026

Interior

Features

  • Interior Features: First Floor Bedroom, First Floor Full Bath, Open Kitchen, Primary Bathroom, Master Downstairs

Rooms

  • Basement: Finished
  • Has Basement: Yes
  • Bathrooms Full: 3
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 5

Parking

Parking

  • Garage Spaces: 4
  • Garage: Yes
  • Parking Features: Driveway

Schools

Elementary School

  • Elementary School: Academy Of Arts And Letters
  • Elementary School District: Brooklyn 13

High School

  • High School: Bedford Academy High School
  • High School District: Brooklyn 13

Middle or Junior School

  • Middle Or Junior School: Dock Street School For Steam Studies
  • Middle Or Junior School District: Brooklyn 13

Utilities

Equipment

  • Cooling: Wall/Window Unit(s)
  • Heating: Natural Gas
  • Sewer: Public Sewer
  • Utilities: See Remarks
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this multi-family home have?

There are 5 bedrooms and 3 bathrooms in this multi-family home at 198 Shepherd Avenue.

What schools are nearby to 198 Shepherd Avenue?

Nearby schools include the Academy Of Arts And Letters Elementary School, Dock Street School For Steam Studies Middle School, and Bedford Academy High School.

Does this multi-family home have parking?

Yes, there are 4 parking spaces available for 198 Shepherd Avenue.

What are the annual taxes for 198 Shepherd Avenue?

Annual taxes for this multi-family home are estimated at $3,770.

How does 198 Shepherd Avenue compare to other multi-family homes in Highland Park?

This multi-family home is listed 4% above the average price for multi-family homes in Highland Park and has been on the market for 125 less days than the typical home in this area.

198 Shepherd Avenue is a 5-bedroom, 3-bath multi-family home for sale in Brooklyn NY 11208. On Prevu for 3 days at $1,200,000. This home is located in Highland Park. The median listing price for multi-family homes in this area is $1,099,888. Nearby schools include Academy Of Arts And Letters Elementary School, Dock Street School For Steam Studies Middle School, and Bedford Academy High School. The home offers parking. Explore more multi-family home listings in Brooklyn.

The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey™ MLS. 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. This information is provided exclusively for consumers’ personal, non-commercial use. Information Copyright 2026, OneKey™ MLS. All Rights Reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.