| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 52nd | Fair |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 200 Palmetto St, Brooklyn, NY, 11221, US |
| Region / Metro | Brooklyn |
| Year of Construction | 1983 |
| Units | 96 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
200 Palmetto St Brooklyn Multifamily Investment
Urban-core renter demand and steady neighborhood occupancy in the mid-90s support income durability, according to WDSuite s CRE market data. Newer vintage for the area adds relative competitiveness while keeping capital planning in focus.
The property sits in Brooklyn s Urban Core with an A neighborhood rating, placing it in the top quartile among 889 metro neighborhoods. Amenity density is a clear strength grocery, dining, parks, pharmacies, and childcare rank in the high national percentiles, which reinforces daily convenience and supports renter retention.
Renter concentration is high at the neighborhood level (roughly three-quarters of housing units are renter-occupied), signaling a deep tenant base for multifamily. Neighborhood occupancy is above the national median and has trended higher over the last five years, supporting stability for leased assets. While school ratings track below national averages, the strong amenity mix and employment access often matter more for urban renter cohorts.
At 1984 construction, the asset is newer than the area s average housing stock (which skews mid-20th century), offering competitive positioning versus older buildings. Investors should still account for aging systems and targeted modernization to sustain leasing velocity and keep operating costs in line.
Within a 3-mile radius, population and household counts have increased in recent years, with additional growth projected and smaller average household sizes expected. This points to a larger tenant base and continued renter pool expansion, which can support occupancy stability. Elevated home values locally indicate a high-cost ownership market that tends to sustain reliance on rentals; rent-to-income levels suggest affordability pressure in some segments, a lease management consideration for renewals and pricing. These patterns align with multifamily property research benchmarks and are corroborated by WDSuite s market data.
Safety indicators benchmark below national averages, particularly for violent incidents, but recent year-over-year declines in both violent and property offenses suggest improving trends compared with broader national patterns. Interpreting these data at the neighborhood scale, investors should focus on trend direction, visibility, and on-site measures that support resident comfort and retention.
Relative to peer neighborhoods across the New York Jersey City White Plains metro (889 neighborhoods), the area is competitive on several urban convenience factors while safety remains a monitoring item. Continued collaboration with local security practices and property-level design (lighting, access control) can mitigate risk perceptions and support leasing.
Proximity to major corporate offices supports a broad commuter tenant base and can aid retention through convenient access to diversified employers including Prudential, JetBlue Airways, Con Edison, Yahoo, and Pfizer.
- Prudential insurance (3.8 miles)
- Jetblue Airways airline (4.1 miles) HQ
- Con Edison Distribution Engineering utilities (4.7 miles)
- Consolidated Edison utilities (4.7 miles) HQ
- Yahoo media & technology (4.7 miles)
200 Palmetto St is a 96-unit, 1984-vintage asset positioned in an amenity-rich Brooklyn neighborhood where renter concentration and stable neighborhood occupancy underpin cash flow resilience. The building s newer vintage versus the area s older housing stock provides relative competitive positioning, with selective upgrades likely to enhance durability against comparable inventory. Elevated home values locally reinforce reliance on rentals, supporting depth of demand and lease retention.
Population and households within a 3-mile radius have grown and are projected to continue expanding, pointing to a larger tenant base and continued leasing support. Based on commercial real estate analysis from WDSuite, income levels are rising alongside strong amenity access, while rent-to-income dynamics call for disciplined pricing and renewal strategies to balance growth with retention.
- Urban-core location with top-quartile neighborhood ranking among 889 metro neighborhoods and strong amenity access supporting retention
- 1984 vintage is newer than area s average stock, offering competitive positioning with targeted modernization potential
- High renter concentration and stable neighborhood occupancy support income durability and leasing stability
- Household and population growth within 3 miles expand the tenant base and support absorption
- Risk: below-average school ratings and safety benchmarks require thoughtful asset management, security design, and leasing strategy