Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $820,000

Listed at $825,000 · Sold 0.6% below asking · Closed May 12, 2020

721 Shepherd Avenue
Closed For Sale Multi Family

$825,000

721 Shepherd Avenue

East New York, Brooklyn

MLS® #RLS10612945

RLS at REBNY

Listing by The Corcoran Group

Studio

0

Bath

N/A

Sq. Ft.

1920

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 0
Year Built 1920
Neighborhood East New York

Property Highlights

  • Style: Prewar architecture
  • Character: Pre-war building (1920)

Property Details

Type Multi Family
Baths 0 Full
Pets Yes
Cross Street New Lots Avenue & Hegeman Avenue
Year Built 1920
Architectural Style Prewar
Parcel # 04453-0057

Listing History

Event Date Price Change
Listed Jan 20, 2020 $825,000 -
Currently May 9, 2026 $825,000 -

Description

Red hot East New York, come to visit a part of Brooklyn thats still affordable. This semidetached 3-family home with side driveway parking and a separate garage in the backyard is a perfect home for that savvy investor or an owner that would love the rental income to help with their mortgage. On the top floor, there are two recently renovated 1-bedroom 1-bath units and on the first floor, there is a 3-bedroom, 1-bath unit with extra-large living room and bedrooms that can accommodate king and queen size beds respectively. There is a finished basement with high ceilings that run the full length of the house, spacious enough to accommodate a family recreation room, man cave, and laundry room. With plenty of nice surprises to the area, Elton Playground is just one of many, a few blocks away with facilities such as handball and basketball courts, playgrounds for kids, fitness Equipment and Spray showers for those hot summer days after your jog. Within this thriving part of Brooklyn, theyre mom and pop eateries, movie theaters and at Gateway Mall just minutes away by car are chain stores, Grocery; BJs, Target and ShopRite, Home Depot and lots more. Transportation is conveniently 2-4 blocks away in either direction, 3-train at the New Lots Avenue stop, the C-train at the Shepherd Avenue station and the B6 bus at Livonia Ave/Ashford Street. Stop your search now, this is a must-see!!!

Building Information

Building Data View Compliance & Permits
Total Units 3
Stories 2
Style Prewar

East New York offers a wide range of housing types including semi-detached homes, two-to-four-family houses, brick rowhouses, and new affordable construction developments along major corridors like Atlantic and Pennsylvania Avenues. The neighborhood has strong transit coverage with the 2, 3, 4, and 5 trains on the New Lots Line and the L train along the Canarsie Line, plus the major transfer hub at Broadway Junction. Shirley Chisholm State Park on Jamaica Bay and Spring Creek Park provide waterfront green space along the neighborhood's southern edge.

East New York Live Market Data

View Neighborhood

Active Listings

10

Median Asking Price

$932K

Median $/Sqft

$350

Avg Days on Market

N/A

New This Week

0

Price Reduced

30%

Sold (30 Days)

2

Median Sale Price

$815K

Live data from RLS at REBNY • Updated 5/8/26, 11:08 PM EST

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Location

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721 Shepherd Avenue, East New York, Kings County • Near New Lots Avenue & Hegeman Avenue

Building Information

Official NYC property records for this building

1920
Year Built
106 years old
2
Floors
3
Residential Units
R5
Zoning District
Walk-Up Apartments

Tax & Assessment

Assessed Value: $61,440
Land Value: $13,620
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 3,150 SF
Building Area: 2,400 SF
Built FAR: 0.76
Allowed FAR: 1.5

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

This property has 0 bedrooms and 0 full bathrooms.

According to MLS records, the building was constructed in 1920, making it approximately 106 years old.

Pet policy requires confirmation with the listing broker.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10612945
First Listed: 1/20/2020
Closed: 5/12/2020
Contract Date: 1/23/2020

Listing Courtesy of The Corcoran Group - Wil Nelson

Listing Contact: (212) 470-8056

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/9/2026 at 3:08 AM UTC

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