| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 52nd | Fair |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 25 Schaefer St, Brooklyn, NY, 11207, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2001 |
| Units | 33 |
| Transaction Date | 2006-08-31 |
| Transaction Price | $415,000 |
| Buyer | RAMALES PEDRO |
| Seller | CRUZ AS EXECUTOR RICHARD |
25 Schaefer St Brooklyn Multifamily Opportunity
Neighborhood-level renter demand and steady occupancy support income durability, according to WDSuite’s CRE market data.
Situated in Brooklyn’s Urban Core, the property benefits from a neighborhood rated A and ranked within the top quartile among 889 metro neighborhoods, signaling strong fundamentals relative to the broader New York–Jersey City–White Plains metro. Amenity density is a clear advantage: groceries, restaurants, parks, pharmacies, and childcare outlets are abundant, placing the area in the upper tier nationally and supporting daily convenience that helps leasing and retention.
Occupancy in the surrounding neighborhood has been resilient with rates above the national median, and renter-occupied housing is high (neighborhood renter concentration approaches three-quarters). For investors, that depth of renter households indicates a sizable tenant base and contributes to leasing stability. Median contract rents are in the upper decile nationally, reflecting pricing power consistent with an urban New York address.
Within a 3-mile radius, demographics point to steady multifamily demand: households increased over the past five years and are projected to continue rising alongside smaller average household sizes, expanding the renter pool. Income growth has also been meaningful, which supports absorption of professionally managed units as options evolve.
Built in 2001—newer than much of the local housing stock—the asset can compete well against prewar and mid-century properties while investors should still plan for mid-life system updates and potential common-area or in-unit refreshes. Elevated home values in the neighborhood create a high-cost ownership market, which tends to reinforce reliance on rental housing and supports pricing and occupancy for well-run multifamily assets.
Notable offsets include below-average school ratings locally and variability in neighborhood safety compared with national benchmarks. These factors warrant underwriting discipline but are partially balanced by the area’s amenity access and renter demand depth.
Relative to neighborhoods nationwide, this area sits below the national safety median, and within the metro it does not rank among the safer cohorts. For investors, that means leasing and operations should incorporate proven safety-forward practices and clear resident communication.
Trendwise, recent data indicate year-over-year improvements, with both violent and property offense rates declining. While a single year does not establish a long-term trend, continued moderation would be constructive for renter sentiment and retention.
A diverse employment base nearby supports renter demand and commute convenience, including insurance, airline, media/technology, and utility engineering offices listed below.
- Prudential — insurance (3.4 miles)
- Jetblue Airways — airline (4.7 miles) — HQ
- Aig — insurance (5.1 miles) — HQ
- Yahoo — media & technology (5.2 miles)
- Con Edison Distribution Engineering — utility engineering (5.2 miles)
25 Schaefer St offers exposure to Brooklyn’s Urban Core with dense amenities, a large renter base, and neighborhood occupancy that has held above national norms. Built in 2001, the asset is newer than much of the surrounding stock, providing competitive positioning versus older buildings while calling for thoughtful capital planning for mid-life systems and selective upgrades. According to CRE market data from WDSuite, the neighborhood’s rent levels and renter concentration support durable demand, and elevated ownership costs locally tend to sustain reliance on rental housing.
Within a 3-mile radius, household counts have risen and are expected to expand further, while smaller household sizes indicate a growing renter pool—supportive of occupancy stability for professionally managed units. Investors should balance these strengths with underwriting for resident affordability and neighborhood safety variability, using proven management practices to maintain retention and cash flow resilience.
- Large, amenity-rich Urban Core location with strong renter concentration supporting leasing depth
- 2001 vintage competes well against older local stock; plan for targeted mid-life capex
- Household growth and smaller household sizes within 3 miles expand the tenant base
- Elevated ownership costs reinforce rental demand and pricing power potential
- Risks: affordability pressures and safety variability require disciplined underwriting and active management