283 Shepherd Avenue, Brooklyn, NY

$499,999

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2,166

Square feet

0.04

Acres

About 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!

Features of 283 Shepherd Avenue

MLS® # 857239
Price $499,999
Bathrooms 0.00
Internal Footage 2,166
Square Footage 1950
Acres 0.04
Year Built 1930
Type Residential Income
Sub-Type Triplex
Status Pending

Community Information

Address 283 Shepherd Avenue
City Brooklyn
County Kings (Brooklyn)
State NY
Zip Code 11208

Amenities

Utilities Cable Available
Is Waterfront No
Has Pool No

Interior

Interior Features First Floor Bedroom
Heating Natural Gas
Cooling None
Fireplace No
Has Basement No

Exterior

Construction Brick

Additional Information

Date Listed May 3rd, 2025
Days on Market 163
Short Sale No
RE / Bank Owned No

Listing Details

Listing Provided Courtesy ofRE/MAX City Square
Contact Info718-570-7690

Listing Map

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