| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 78th | Best |
| Amenities | 100th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 129 Boerum Pl, Brooklyn, NY, 11201, US |
| Region / Metro | Brooklyn |
| Year of Construction | 1999 |
| Units | 46 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
129 Boerum Pl, Brooklyn NY Multifamily Investment
Urban-core positioning with dense amenities and a high renter base supports durable leasing in this Brooklyn pocket, according to WDSuite’s CRE market data and ongoing commercial real estate analysis.
Located in Brooklyn’s Urban Core, the neighborhood scores A+ overall and is competitive among New York–Jersey City–White Plains metro neighborhoods (rank 32 of 889). Amenity access is a standout: parks, restaurants, groceries, pharmacies, cafes, and childcare options register at the top end nationally, reinforcing walkability and daily convenience that tends to support renter retention.
The property’s 2000 vintage is newer than the neighborhood’s older housing stock (average year 1962). For investors, this typically means stronger competitive positioning versus legacy buildings, while still planning for mid-life system upgrades and selective modernization to capture value-add upside.
Neighborhood occupancy is 92.4% with a renter-occupied share of 68.5%, indicating a deep tenant base and demand stability relative to many metros. Median contract rents sit high versus national norms and are supported by elevated household incomes locally. Home values are also high for the area, a high-cost ownership landscape that tends to sustain reliance on multifamily rentals and can bolster pricing power with careful lease management.
Within a 3-mile radius, demographics point to a larger tenant base over time: population increased in recent years and households grew faster than population, and projections show additional population growth alongside a meaningful increase in households. Smaller average household sizes are expected, which can favor demand for smaller units and sustained absorption. These dynamics, drawn from multifamily property research and WDSuite’s CRE market data, support occupancy stability and lease-up resilience.
School ratings trend near the national midpoint, which is serviceable for a diverse renter mix. Neighborhood income levels skew high, broadening the pool for market-rate product while warranting attention to affordability pressure and renewal strategies.
Safety indicators benchmark below national averages (national percentiles in the lower range), though year-over-year trends show improvement with double-digit declines in both violent and property offense estimates. Within the New York–Jersey City–White Plains metro, the neighborhood’s crime ranking sits competitive rather than bottom-tier (rank 262 of 889), suggesting relative positioning is stronger locally than national comparisons imply.
For underwriting, treat safety as a manageable but material consideration: lean on professional property management, lighting and access controls, and tenant engagement to support retention and protect occupancy. Monitor the improving trend as a potential tailwind, while recognizing variability at the block level can be meaningful in dense urban cores.
Proximity to major corporate offices underpins workforce housing demand and commute convenience, supporting leasing and retention for professionals working at S&P Global, Dr Pepper Snapple Group, AIG, Guardian Life, and Robert Half.
- S&P Global — corporate offices (1.42 miles) — HQ
- Dr Pepper Snapple Group — corporate offices (1.47 miles)
- Aig — corporate offices (1.48 miles) — HQ
- Guardian Life Ins. Co. of America — corporate offices (1.48 miles) — HQ
- Robert Half International — corporate offices (1.55 miles)
129 Boerum Pl offers urban-core exposure with top-tier amenity access and a strong renter base. Neighborhood occupancy is stable and the renter-occupied share is high, supporting depth of demand and potential lease retention. The 2000 construction year positions the asset competitively versus older local stock, with room for targeted renovations and system upgrades to drive rent premiums.
Within a 3-mile radius, recent population and household growth, plus projections for additional household expansion and smaller household sizes, point to ongoing renter pool expansion and support for absorption. Elevated home values and incomes in the neighborhood reinforce reliance on multifamily housing, while underwriting should account for affordability pressure and localized safety dynamics. According to CRE market data from WDSuite, these fundamentals compare favorably to national trends while aligning with metro demand drivers for professionally managed urban assets.
- Urban-core location with top-quartile amenity access supporting retention and pricing power
- Newer 2000 vintage versus local average, with value-add potential via targeted modernization
- Strong renter base and stable neighborhood occupancy underpin leasing durability
- 3-mile radius shows population and household growth, supporting ongoing demand for smaller units
- Risks: monitor affordability pressure in a high-cost ownership market and manage safety variability common to dense urban cores