| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 52nd | Fair |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 27 Schaefer St, Brooklyn, NY, 11207, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2001 |
| Units | 33 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
27 Schaefer St Brooklyn Multifamily — 2001 Vintage Demand Play
In a high-cost ownership market, renter demand and neighborhood-level occupancy appear resilient, based on CRE market data from WDSuite. The asset’s urban location supports steady leasing across cycles.
Positioned in Brooklyn’s Urban Core, the property benefits from dense daily-needs access and transit connectivity that support occupancy and retention. Neighborhood occupancy has held in the mid‑90s with a positive five‑year trend, signaling stable leasing conditions for comparable product. The 2001 construction is newer than much of the surrounding housing stock (which skews mid‑20th century), offering relative competitive strength versus older walk-ups; investors should still plan for periodic system upgrades and unit refreshes to sustain performance.
Amenity density is a clear advantage: groceries, restaurants, parks, pharmacies, childcare, and cafes all rank in the very high national percentiles for concentration. For investors, this breadth of amenities typically supports tenant satisfaction and can reduce downtime at turn.
Within a 3‑mile radius, recent growth in population and households—and forecasts calling for further increases alongside smaller average household size—point to a larger tenant base over time. The share of housing units that are renter‑occupied is high both in the immediate neighborhood and across the 3‑mile area, indicating depth in the renter pool and potential demand stability for multifamily units.
Elevated home values relative to incomes create a high‑cost ownership market, which tends to sustain reliance on rental housing and can support pricing power for well‑maintained assets. At the same time, higher rent‑to‑income levels suggest careful lease management and renewal strategies to mitigate retention risk.
Relative to neighborhoods nationwide, the area rates below the national median for safety, and within the New York‑Jersey City‑White Plains metro it sits in the less favorable half (approximately 265th among 889 neighborhoods). Notably, both violent and property offense rates have declined year over year in the neighborhood, indicating an improving trend investors can track during underwriting and operations.
As is common in dense urban settings, conditions can vary within short distances. Practical measures—lighting, controlled access, camera coverage, and resident engagement—should be aligned to local conditions and trendlines.
Nearby corporate employers provide a broad white‑collar employment base and reasonable commute times, supporting renter demand and lease retention. Representative nodes include insurance, airline, media/technology, and utility organizations 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 — utilities (5.2 miles)
The investment case centers on durable renter demand in a high‑cost ownership market, strong amenity density, and neighborhood‑level occupancy that has held firm. According to CRE market data from WDSuite, the neighborhood ranks competitively within the metro and shows top‑tier income performance potential on a per‑unit basis, supporting confidence in income durability for well‑positioned assets.
Built in 2001, the property is newer than much of the surrounding housing stock, which can translate into leasing advantage versus older assets, while still allowing for targeted value‑add through modernization of interiors and building systems. Investors should balance these strengths with operational considerations tied to affordability pressure and variable safety conditions common to dense urban neighborhoods.
- High renter concentration and resilient neighborhood occupancy support demand stability
- 2001 vintage offers competitive positioning versus older stock with clear modernization upside
- Dense amenity access (groceries, parks, cafes, services) enhances retention and leasing velocity
- Elevated ownership costs reinforce reliance on rentals, with pricing power for well‑maintained units
- Risks: affordability pressure (rent‑to‑income) and variable safety trends require active management