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564 SHEPHERD Avenue
About This Property
Welcome to this lovingly maintained 3-bedroom, 1.5-bathroom single-family home on one of East New York's most desirable blocks-one the owners affectionately describe as "the suburbs of East New York." And once you arrive, you understand why. From the beautifully cared-for front yard to the spacious backyard, this property has the feeling of a home that has been genuinely cherished.
Inside, the home offers a king-sized primary bedroom and two generously sized secondary bedrooms, along with a full bathroom and a convenient half bath currently being used as a powder room. The home has been thoughtfully maintained over the years, with several important updates already taken care of. The basement features two newly installed sump pumps, a washer and dryer, and a hot water heater that is less than five years old. The boiler and roof are also in great condition, giving the next owner a strong foundation to build upon.
Outside is where this property truly shines. The spacious backyard provides room to relax, entertain, garden, or simply enjoy some fresh air, while the gorgeous front yard includes private parking, offering the convenience of coming home and having a place waiting for you-even after a long day. The Shepherd Avenue C train is just blocks away, while the nearby precinct adds to the established presence of the neighborhood.
After years of care, this home is ready for its next chapter. It is the kind of property where the details matter, where the updates have been thoughtfully handled, and where pride of ownership is evident from the moment you arrive. For someone looking for more than just an address-a place to truly make their own- this Shepherd Avenue home is worth seeing.
We'd also like to highlight, that if the buyer would like some of the furnishings included in the sale, that can also be discussed. Call Chris Newton for all showings
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 23, 2026 | Listed by Douglas Elliman Real Estate | $615,000 | |
| Listed by Douglas Elliman Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017