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Property view

283 Shepherd Avenue, 
Brooklyn, NY 11208

$499,999


Bed


Bath


2,166

Sq Ft


Multi-Family

Active

Listed by

Aaron L. Ram

RE/MAX City Square

Last updated:

May 7, 2025, 05:05 PM

MLS#

857239

Source:

LI

About This Home

283 Shepherd Avenue

Welcome to 283 Shepherd Ave, a fantastic short sale opportunity in the heart of East New York, Brooklyn! This three-unit, three-story residential building, built in 1930, offers 2,166 square feet of versatile living space on a 1,950-square-foot lot. Ideal for investors or owner-occupants, this property presents a chance to own a multi-family home in a vibrant neighborhood at a compelling value. Each of the three spacious units offers potential for comfortable living or rental income, with layouts that can accommodate modern updates. The building features a classic Brooklyn architectural style, with 19.5 feet of frontage and a depth of 42 feet, providing ample space for creative renovations. A full basement adds extra storage or potential for additional living space, subject to approvals. Located in the desirable R6B zoning district, this property is surrounded by the dynamic energy of East New York, with easy access to public transportation (A/C/J/Z/L trains), local shops, schools, and parks. Enjoy proximity to Highland Park and the evolving amenities of this up-and-coming neighborhood. Short Sale Notice: This property is being offered as a short sale, subject to lender approval. The home is sold as-is, with 93 open violations and two litigations that may require attention, presenting a unique opportunity for buyers with vision to restore its full potential. Priced to reflect its condition and short sale status, this is a rare chance to invest in Brooklyn’s real estate market at a discounted rate. Don’t miss out on this diamond in the rough! Contact us today to schedule a viewing and explore the possibilities of 283 Shepherd Ave. All offers must include proof of funds or pre-approval. Seize this opportunity to own a piece of Brooklyn’s future!

Home Facts

Multi-Family

Built in 1930

Price Summary

499,999

$230 per Sq. Ft.

MLS #:

857239

Last Updated:

May 7, 2025, 05:05 PM

Added:

5 day(s) ago


Structure

Structure

Building Area:

2,166 Sq. Ft.

Year Built:

1930


Lot

Lot Size (Sq. Ft):

1,950


Finances & Disclosures

Finances

Price:

$499,999

Price per Sq. Ft:

$230 per Sq. Ft.

Source:LI
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