Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,200,000

Listed at $1,275,000 · Sold 5.9% below asking · Closed May 22, 2025

345 Shepherd Avenue
Closed For Sale Multi Family

$1,275,000

$580 per sq ft

345 Shepherd Avenue

Cypress Hills, Brooklyn

MLS® #RLS11016828

RLS at REBNY

Listing by Massada Home Sales Inc

6

Bedrooms

3

Baths

2,200

Sq. Ft.

1910

Year Built

Quick Summary

Bedrooms 6
Bathrooms 3
Living Area 2,200 sq ft
Lot Size 2,500 sq ft
Year Built 1910
Ownership None
Property Taxes $2,117/yr
Neighborhood Cypress Hills

Property Highlights

  • Style: Prewar,WalkUp architecture
  • Character: Pre-war building (1910)

Property Details

Type Multi Family
Ownership None
Total Rooms 8
Baths 3 Full
Pets Yes
Cross Street Liberty Avenue/Glenmore Avenue
Year Built 1910
Living Area 2,200 sq ft
Architectural Style Prewar,WalkUp
Structure Type MultiFamily
Lot Size 2,500 sq ft
Parcel # 03989-0006
Block/Lot 3989/6

Listing History

Event Date Price Change
Listed Oct 8, 2024 $1,385,000 -
Price Reduced Nov 7, 2024 $1,320,000 -4.7%
Currently May 7, 2026 $1,275,000 -3.4%

Description

This stunningly renovated three-family property offers a perfect blend of modern luxury and functionality. The building features three fully updated units, each boasting top-of-the-line finishes and an abundance of natural light. First Unit (3 Bedrooms, 2 Bathrooms): The crown jewel of this property, this spacious unit offers three generously sized bedrooms and two designer bathrooms. The open-concept layout flows seamlessly from the bright living area to the chef’s kitchen, complete with premium appliances and finishes. Perfect for a family seeking comfort and style. Second Unit (2 Bedrooms, 2 Bathrooms): This chic and cozy two-bedroom, two-bathroom unit is ideal for a small family or couple. The modern design and open living space are complemented by access to a large backyard, creating a serene environment for entertaining or relaxing outdoors. Third Unit (2 Bedrooms, 2 Bathrooms + Basement): A duplex with a twist, this unit includes a basement for added living space, office, or storage. With access to the same spacious backyard, this home offers the best of indoor-outdoor living. Located in a prime area of East New York, the property is flooded with natural light, highlighting the high-quality renovation throughout. This versatile home is perfect for investors or families looking for a move-in-ready property in a thriving neighborhood.

Features & Amenities

Interior Features

See Remarks

Building Information

Building Data View Compliance & Permits
Stories 3
Structure MultiFamily
Style Prewar,WalkUp

Financial Details

RE Taxes $2,117/yr ($176/mo)
Original Price $1,385,000
Sale Price $1,200,000
Previous Price $1,320,000

Cypress Hills sits on elevated terrain in northeastern Brooklyn with wood-frame Victorian rowhouses, modest brick and limestone townhomes, and restored two-family homes along Euclid Avenue, Hemlock Street, and Lincoln Avenue. The J and Z trains run along the elevated Fulton Street corridor with multiple local stops, and Broadway Junction provides A, C, and L train connections. Highland Park and the restored Ridgewood Reservoir offer hilltop green space with panoramic skyline views.

Cypress Hills Live Market Data

View Neighborhood

Active Listings

6

Median Asking Price

$949K

Median $/Sqft

$347

Avg Days on Market

N/A

New This Week

0

Price Reduced

50%

Sold (30 Days)

0

Median Sale Price

N/A

Live data from RLS at REBNY • Updated 5/7/26, 2:58 PM EST

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Location

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345 Shepherd Avenue, Cypress Hills, Kings County • Near Liberty Avenue/Glenmore Avenue

Building Information

Official NYC property records for this building

1910
Year Built
116 years old
2
Floors
3
Residential Units
R6A
Zoning District
Walk-Up Apartments

Tax & Assessment

Assessed Value: $65,520
Land Value: $12,480
Exemptions: $0

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

Lot Area: 2,500 SF
Building Area: 2,088 SF
Built FAR: 0.84
Allowed FAR: 3

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

The current listed annual property tax is $2,117, or roughly $176 per month. Verify the current assessment with your attorney before closing.

This property has 6 bedrooms and 3 full bathrooms.

The listed interior living area is 2,200 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1910, making it approximately 116 years old.

This listing is None

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $1,275,000 for 2,200 sq ft, the asking price per square foot is approximately $580. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. 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: RLS11016828
First Listed: 10/21/2024
On Market: 10/8/2024
Price Changed: 11/7/2024
Closed: 5/22/2025
Contract Date: 10/8/2024

Listing Courtesy of Massada Home Sales Inc - Eldad Behroozi

Listing Contact: (718) 658-7200

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 5/7/2026 at 6:58 PM UTC

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