| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Best |
| Demographics | 53rd | Fair |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 235 Linden St, Brooklyn, NY, 11221, US |
| Region / Metro | Brooklyn |
| Year of Construction | 1987 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
235 Linden St, Brooklyn Multifamily Investment
High renter concentration and steady neighborhood occupancy suggest durable tenant demand, according to WDSuite’s CRE market data. Positioned in Brooklyn’s Urban Core, the asset benefits from a deep rental pool and strong amenity access supporting leasing stability.
The property sits within an Urban Core pocket of Brooklyn that ranks 91 out of 889 metro neighborhoods (A rating), signaling competitive fundamentals among New York–Jersey City–White Plains submarkets. Amenity access is a standout: cafes (ranked 12 of 889) and restaurants (17 of 889) are dense, with pharmacies and groceries also in the top metro tier and the 99th–100th national percentiles. For investors, this concentration of daily-needs and lifestyle retail supports renter convenience and retention.
Neighborhood occupancy is 94.2% (neighborhood-level measure), placing it above the national median per WDSuite’s datasets. Renter-occupied share is high at 81.1%, indicating a deep tenant base that historically supports absorption and renewal activity for multifamily. Median contract rents in the area trend high within the national context, while the rent-to-income ratio near 0.28 points to some affordability pressure that operators should monitor for lease management and pricing strategy.
Within a 3-mile radius, demographics show population growth over the last five years and an increase in households, with forecasts through 2028 indicating further household expansion and a gradual shift toward smaller average household sizes. For multifamily owners, this points to a larger tenant base and ongoing demand for professionally managed rental housing. School ratings in the neighborhood are below the national median, which may modestly shape unit mix appeal for family renters but does not diminish the broader renter pool supported by young adult and working-age cohorts.
In comparative terms, neighborhood housing quality ranks above the metro median, while NOI per unit is in the top quartile nationally, underscoring attractive operating potential. Strong amenities and transit-accessible, mixed-use blocks are consistent with Urban Core dynamics, a theme often cited in commercial real estate analysis for durable renter demand.
Safety trends are mixed but improving. Relative to the 889 neighborhoods in the New York–Jersey City–White Plains metro, the area is competitive (crime rank around the upper third), indicating mid-pack positioning locally. Nationally, crime metrics sit below the median; however, both violent and property offense rates have declined over the last year, with improvement trends outperforming many U.S. neighborhoods according to WDSuite.
Investors should underwrite with conservative assumptions for security, lighting, and access controls while recognizing that recent year-over-year declines suggest directional improvement. As always, safety varies by block and over time; property-level measures and management practices can materially influence resident experience and retention.
Proximity to major employers in Midtown and Downtown supports a large commuter tenant base and stable leasing, led by aviation, utilities, insurance, and finance anchors within five miles.
- JetBlue Airways — airline HQ (3.9 miles) — HQ
- Prudential — insurance (4.0 miles)
- Con Edison Distribution Engineering — utilities engineering (4.6 miles)
- Consolidated Edison — utilities (4.6 miles) — HQ
- New York Life Insurance Company — insurance (4.6 miles)
Built in 1987 across 120 units, the asset offers scale in a high-demand, Urban Core location where neighborhood occupancy is above the national median and renter concentration is elevated. The 1987 vintage is newer than much of the surrounding housing stock, which skews pre‑war, suggesting competitive positioning versus older properties while still presenting targeted value‑add or systems modernization opportunities as part of long‑term capital planning. According to CRE market data from WDSuite, neighborhood NOI per unit benchmarks in the top quartile nationally, aligning with strong amenity density and a deep commuter workforce.
Within a 3-mile radius, recent population growth and rising household counts point to a larger tenant base, with forecasts indicating continued household expansion and smaller average household sizes — favorable for sustained multifamily demand. Elevated home values in the neighborhood imply a high‑cost ownership market, which can reinforce reliance on rental housing and support pricing power, though a rent‑to‑income profile near 0.28 warrants attentive lease management to balance retention with revenue.
- Urban Core location with above‑median neighborhood occupancy and deep renter base
- 1987 vintage offers competitive positioning versus older stock with value‑add modernization potential
- Top‑quartile NOI per unit benchmarks and dense amenities support operating performance
- 3‑mile household growth and projected expansion support demand and lease‑up depth
- Risks: safety metrics below national median and lower school ratings; manage with security, resident services, and unit‑mix strategy