| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Fair |
| Demographics | 26th | Poor |
| Amenities | 78th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 209 Lott Ave, Brooklyn, NY, 11212, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2009 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
209 Lott Ave Brooklyn Multifamily Investment Opportunity
Neighborhood occupancy remains resilient with a large renter-occupied housing base, supporting demand durability, according to WDSuite’s CRE market data. This positioning offers investors stable operations in an Urban Core pocket of Brooklyn without relying on premium assumptions.
This Urban Core location in Brooklyn offers everyday convenience that supports renter retention. Neighborhood amenities are strongest in essential services — parks, pharmacies, childcare, and groceries all sit in high national percentiles — while cafes are comparatively limited. Average school ratings trail metro and national benchmarks, which is a consideration for family-oriented leasing strategies.
At the neighborhood level (not the property), occupancy is in the top quartile nationally and competitive among New York–Jersey City–White Plains neighborhoods (ranked 291st of 889), based on CRE market data from WDSuite. The renter-occupied housing share is high (80% of units are renter-occupied at the neighborhood level), indicating a deep tenant base that tends to support leasing velocity and stabilize occupancy through cycles.
The property s 2009 vintage is materially newer than the neighborhood s older housing stock (average construction year 1944; rank 672 of 889), which can reduce near-term capital expenditure exposure and strengthen competitive positioning versus legacy assets. For investors, this can translate into more predictable capital planning, while still allowing selective upgrades to sharpen rent competitiveness.
Demographic statistics aggregated within a 3-mile radius indicate population and household growth over the past five years, with forecasts pointing to further gains and a gradual shift toward smaller average household sizes by 2028. This expansion supports a larger tenant base and underpins demand for rental units. Elevated home values in the neighborhood context reinforce reliance on multifamily housing, aiding lease retention and pricing power for well-managed assets.
Safety trends should be evaluated with a comparative lens. Relative to neighborhoods nationwide, this area scores below average on safety percentiles, and it sits around the middle of the pack within the New York–Jersey City–White Plains metro (overall crime rank 442 out of 889 neighborhoods). Recent WDSuite data show year-over-year declines in both violent and property offense rates at the neighborhood level, indicating improvement, though absolute levels remain elevated compared with national medians.
For underwriting, investors typically pair this context with property-level security, tenant screening, and partnership with local management to support retention and reduce avoidable turnover.
The area draws from a diversified office employment base that supports commuter demand and leasing stability, led by finance and corporate services employers such as Prudential, Dr Pepper Snapple, AIG, S&P Global, and Guardian Life.
- Prudential — corporate offices (2.9 miles)
- Dr Pepper Snapple Group — corporate offices (6.1 miles)
- Aig — corporate offices (6.2 miles) — HQ
- S&P Global — corporate offices (6.2 miles) — HQ
- Guardian Life Ins. Co. of America — corporate offices (6.3 miles) — HQ
209 Lott Ave combines a 2009 vintage and a predominantly renter-occupied neighborhood to position for steady multifamily performance. According to CRE market data from WDSuite, neighborhood occupancy is competitive within the metro and in the top quartile nationally, while elevated ownership costs in the area tend to sustain reliance on rental housing. Within a 3-mile radius, population and household counts have been rising and are projected to continue growing, expanding the tenant base and supporting leasing stability.
The asset s newer construction versus the neighborhood s older housing stock can moderate near-term capital needs and provide a platform for selective upgrades to capture rent premiums. Investors should balance this with prudent rent-to-income management and awareness of below-average school ratings and crime context at the neighborhood level when forecasting retention and turn costs.
- Competitive neighborhood occupancy and deep renter base support stability
- 2009 construction offers relative CapEx efficiency versus older local stock
- Growing 3-mile population and households expand the tenant pool
- High ownership costs reinforce multifamily demand and pricing power
- Risks: affordability pressure, lower school ratings, and elevated neighborhood crime require active management