| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Fair |
| Demographics | 28th | Poor |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 25 Tapscott St, Brooklyn, NY, 11212, US |
| Region / Metro | Brooklyn |
| Year of Construction | 1990 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
25 Tapscott St, Brooklyn Multifamily Investment
Neighborhood data points to durable renter demand and stabilizing occupancy, according to WDSuite’s CRE market data, with a high share of renter-occupied housing supporting leasing depth.
This Urban Core location in Brooklyn benefits from dense amenities that support resident livability and leasing velocity. Cafes, grocery options, pharmacies, parks, and restaurants rank in the top national percentiles, providing day-to-day convenience that typically aids retention and minimizes search frictions for tenants.
The neighborhood’s housing stock skews older on average, while the subject property was built in 1990. The newer vintage versus local norms can be competitive against prewar inventory, though investors should still plan for modernization of systems and common areas as part of a rolling capital program.
Renter concentration is elevated at the neighborhood level (renter-occupied share is high), which signals a broad tenant base for multifamily. Neighborhood occupancy is near national mid-range, suggesting steady absorption but requiring active leasing management to maintain stability.
Within a 3-mile radius, population and households have increased and are projected to continue growing, expanding the tenant pool. Household sizes are trending smaller over time, which can support sustained demand for professionally managed apartments and smaller formats.
Home values in the area sit well above many U.S. neighborhoods, a high-cost ownership backdrop that tends to reinforce reliance on rental housing and support pricing power in professionally managed assets. At the same time, rent-to-income ratios indicate affordability pressure for some renters, so renewals may hinge on measured rent steps and amenity-driven value propositions.
Schools in the neighborhood score below national norms on average; for workforce-oriented product, this typically shifts emphasis toward commute access and amenity convenience rather than school-driven location decisions.
Safety metrics indicate the area is less safe than many neighborhoods nationwide (national percentiles are low), placing the location roughly around the middle of the pack within the New York–Jersey City–White Plains metro’s 889 neighborhoods. Recent year-over-year data shows modest improvement, with both violent and property offense rates trending down, which investors can monitor as part of ongoing risk assessment.
For underwriting, conservative assumptions on security measures, lighting, and property management presence can help support resident confidence and retention while the broader neighborhood trend evolves.
Proximity to a diversified set of corporate offices supports a steady renter base, particularly for workforce and professional tenants. Notable nearby employers include Prudential, Dr Pepper Snapple Group, AIG, S&P Global, and Guardian Life.
- Prudential — insurance (3.6 miles)
- Dr Pepper Snapple Group — beverages (5.2 miles)
- Aig — insurance (5.2 miles) — HQ
- S&P Global — financial information (5.3 miles) — HQ
- Guardian Life Ins. Co. of America — insurance (5.3 miles) — HQ
The 48-unit property at 25 Tapscott St combines a 1990 vintage with Urban Core amenity density, positioning it competitively versus older neighborhood stock. High neighborhood renter concentration supports a deep tenant base, while home values well above many U.S. neighborhoods point to a high-cost ownership market that can sustain multifamily demand. According to CRE market data from WDSuite, neighborhood occupancy sits near national mid-range, suggesting stable operations with attentive leasing and renewals.
Demographic trends within a 3-mile radius show recent and projected growth in population and households, creating a larger renter pool over time. Affordability pressure is present, so disciplined rent strategies and ongoing value-add improvements can balance pricing power with retention. Given the property’s newer age relative to local norms, targeted system updates and common-area enhancements may unlock additional competitiveness against older comparables.
- Newer 1990 vintage versus older neighborhood stock supports competitive positioning with targeted upgrades
- High neighborhood renter-occupied share indicates depth of tenant demand for multifamily
- Strong amenity density (cafes, groceries, parks, pharmacies) aids leasing and retention
- 3-mile radius shows population and household growth, supporting occupancy stability
- Risks: lower national safety percentile and renter affordability pressure warrant prudent rent steps and security planning