| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 52nd | Fair |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 269 Central Ave, Brooklyn, NY, 11221, US |
| Region / Metro | Brooklyn |
| Year of Construction | 1982 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
269 Central Ave, Brooklyn — 72-Unit Multifamily in High-Rent Urban Core
Renter demand is deep and occupancy has been resilient in the surrounding neighborhood, according to WDSuite’s CRE market data. Elevated ownership costs nearby underpin consistent leasing while allowing disciplined value-add positioning.
Located in Brooklyn’s Urban Core, the neighborhood carries an A rating and ranks 97th among 889 metro neighborhoods, placing it in the top quartile locally. Amenities are a clear strength: grocery, dining, parks, pharmacies, and cafes index in the upper percentiles nationwide, which supports renter convenience and lease retention. School ratings trail national norms, which may temper appeal for some family renters but does not negate the broader workforce demand profile.
Neighborhood-level occupancy is above the national median and has improved over the past five years, indicating stable absorption and limited downtime between turns. The share of renter-occupied housing units is high for the area (upper-national-percentile), signaling a large tenant base and depth for multifamily operators.
Home values in the neighborhood sit in the upper national percentiles and the value-to-income ratio is elevated. In practice, this high-cost ownership market tends to sustain reliance on rentals and supports pricing power when operations are well-managed. At the same time, rent-to-income ratios are high locally, so lease management and renewal strategies should balance growth with retention risk.
Within a 3-mile radius, demographics show recent population and household growth with forecasts calling for further increases and smaller household sizes over the next five years—trends that typically expand the renter pool and support occupancy stability. These dynamics, combined with strong neighborhood amenities, align with investor expectations informed by multifamily property research.
Vintage is a differentiator: the asset’s 1983 construction skews newer than the neighborhood’s older building stock. That positioning can be competitive versus pre-war properties, though investors should underwrite for mid-1980s systems modernization and targeted common-area upgrades to sharpen leasing appeal.
Safety indicators for the neighborhood track below national averages, with crime measures mapping to lower national percentiles. However, recent year-over-year readings show double-digit declines in both violent and property offenses, pointing to an improving trend rather than a static risk profile.
For metro context, New York neighborhoods vary widely; investors should evaluate property-level controls (access, lighting, staffing) and align operating plans with local conditions. Framing safety this way keeps the focus on risk management and tenant retention rather than block-level claims.
Proximity to Manhattan and Brooklyn job centers anchors a broad employment base that supports renter demand and commute convenience. Notable nearby employers include JetBlue Airways, Prudential, Con Edison (including Distribution Engineering), and Yahoo.
- JetBlue Airways — airline HQ (3.9 miles) — HQ
- Prudential — financial services offices (4.2 miles)
- Con Edison Distribution Engineering — utilities engineering offices (4.4 miles)
- Yahoo — media & technology offices (4.4 miles)
- Consolidated Edison — utilities HQ (4.4 miles) — HQ
269 Central Ave is a 72-unit, 1983-vintage multifamily property positioned in a high-amenity Brooklyn neighborhood where renter concentration is among the highest nationally and neighborhood occupancy trends have improved over five years. Elevated home values and ownership costs in the area tend to reinforce reliance on rental housing, while smaller projected household sizes within a 3-mile radius suggest continued renter pool expansion and support for steady leasing.
The construction year offers relative competitiveness versus older local stock, with potential to capture upside through targeted renovations and systems updates. At the same time, rent-to-income pressure and below-average school ratings warrant disciplined renewal strategies and careful pricing. According to commercial real estate analysis from WDSuite, these neighborhood signals point to durable demand drivers with manageable, well-understood operating risks.
- High renter-occupied share and resilient neighborhood occupancy support a deep tenant base and leasing stability.
- 1983 vintage outcompetes older local stock; value-add via modernization and common-area upgrades can enhance positioning.
- Upper-percentile amenities and proximity to major employers bolster retention and absorption.
- Risks: elevated rent-to-income ratios and lagging school ratings call for measured rent growth and proactive resident engagement.