Welcome to an exciting investment opportunity at 707 Shepherd Ave in East New York, Brooklyn. This prime piece of land, boasting a 20X100 lot, is now available for sale. With a R5 zoning and remarkably low annual taxes of only $515, this property provides a financially advantageous prospect. The owner has gone the extra mile, having all plans and permits meticulously approved by an architect, paving the way for the construction of a 2-family dwelling with a basement on the premises. This foresight not only streamlines the building process but also adds significant value to the investment. Strategically located, the property is in proximity to essential transportation options, including B15, B20, 2, 3, and 4 trains, ensuring easy connectivity to various parts of the city. Additionally, its closeness to the Gateway Shopping Center enhances the property's appeal, providing convenient access to shopping and amenities. This land is an ideal choice for investors seeking to capitalize on the potential for development. Don't miss out on the opportunity to turn this well-planned project into a lucrative reality in the vibrant neighborhood of East New York.
Property Details
Property Features
Listing Office:
Office Name: Mitra Hakimi Realty Group LLC
Office Phone: (718) 268-5588
Lot Features
Lot Information:
Lot: Cleared
Lot Size: 0.05 Acres
Other
Directions Information:
Directions: www.googlemaps.com
Price Information
Listing Price Info
Price Summary:
List Price: $299,999
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in New York, NY.
This property is $545.4K less than the Median Sold Price in New York, NY.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: ONEKEY
MLS Number: #3529701
Listing Office:
Office Name: Mitra Hakimi Realty Group LLC
Office Phone: (718) 268-5588
Listings courtesy of OneKey MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.
Information Copyright 2024, OneKey™ MLS. All Rights Reserved. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. Last updated on: 4/25/2024, 11:56:15 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,565
Per Month
Principal & Interest
$1,498
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$966
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Achievement First Aspire Charter School
982 Hegeman Ave
Distance between this listing and this school0.13 miles
Public Charter Grades KG-1
3
/10
East New York Elementary School of Excellence
605 Shepherd Ave
Distance between this listing and this school0.19 miles
Public District Grades PK-5
3
/10
PS 158 Warwick
400 Ashford St
Distance between this listing and this school0.52 miles
Public District Grades PK-5
Nearby Schools
4
/10
PS 202 Ernest S Jenkyns
982 Hegeman Ave
Distance between this listing and this school0.13 miles
Public District Grades PK-8
4
/10
East New York Middle School of Excellence
605 Shepherd Ave
Distance between this listing and this school0.19 miles
Public District Grades 6-8
4
/10
Jr High School 218 James P Sinnott
370 Fountain Ave
Distance between this listing and this school0.32 miles
Public District Grades 6-8
Nearby Schools
2
/10
School For Classics: An Academy-Township
370 Fountain Ave
Distance between this listing and this school0.32 miles
Public District Grades 9-12
7
/10
East New York Family Academy
2057 Linden Blvd
Distance between this listing and this school0.57 miles
Public District Grades 6-12
4
/10
Academy For Young Writers
1065 Elton St
Distance between this listing and this school0.70 miles
The neighbors living near this home have an average income of $57,435. Typical income of New York, NY residents is between $35k-100k annually. The majority of families are single, no kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 707 Shepherd Ave
What is the listing price of this property?
The listing price of 707 Shepherd Ave property is $299,999.
What type of property is this?
The property 707 Shepherd Ave is land located in East New York, New York, 11208.
Is this property for sale now?
Active Listing: 707 Shepherd Ave is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 707 Shepherd Ave in East New York, NY and zip code 11208 in the East New York neighborhood. This home sits on a 0.05 acre lot. It has been listed on Rocket Homes since February 05, 2024 and is currently priced at $299,999.
In March 2024 more than 154 listings in New York, NY were sold above the asking price. During the same period more than 645 listings were sold at asking price, while more than 748 were sold below. The number of listings in New York, NY increased by 3.7% between February 2024 and March 2024. Listings spent 96 days on the market in March 2024, and had a median list price of $845,489 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
Mexican League Soccer
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Foot Locker
Burlington
H&M
Little Caesars
White Castle
Boston Market
Dodge
Kia
Honda
Urban Adult Contemporary
Rhythmic Contemporary Hits