| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 58th | Fair |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 300 Bushwick Ave, Brooklyn, NY, 11206, US |
| Region / Metro | Brooklyn |
| Year of Construction | 1972 |
| Units | 65 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
300 Bushwick Ave Brooklyn Multifamily Investment
Renter demand is reinforced by an Urban Core location with high neighborhood occupancy and deep renter concentration, according to WDSuite s CRE market data. For investors, the core takeaway is stable leasing fundamentals supported by strong amenity density.
Located in Bushwick within Kings County, the property sits in a neighborhood rated A and ranked 63 out of 889 in the New York–Jersey City–White Plains metro, placing it in the top quartile among metro neighborhoods. Amenity access is a clear strength, with restaurants, groceries, parks, pharmacies, and childcare options ranking near the top nationally, supporting day-to-day livability and resident retention.
Neighborhood occupancy registers at 96.6% and has trended up over the past five years, indicating tight supply-demand conditions. The area also shows a very high renter concentration (89.5% of housing units are renter-occupied), which points to a deep tenant base for multifamily operators. Median contract rents sit in the upper national percentiles, while rent-to-income near 0.29 suggests monitoring affordability pressure as part of lease management and renewal strategy.
Within a 3-mile radius, population and household counts have grown in recent years, and forecasts indicate further increases in households, implying a larger tenant base and support for occupancy stability. Median household incomes have risen meaningfully, enhancing overall spending power and reinforcing demand for professionally managed apartments. Elevated home values in the neighborhood relative to national benchmarks signal a high-cost ownership market, which tends to sustain reliance on rental housing and can support pricing power in well-positioned assets.
The average school rating in the immediate neighborhood trails national norms, which is relevant for family-oriented unit mixes. Still, the combination of strong amenity access, high renter-occupied share, and tight occupancy remains competitive among New York–Jersey City–White Plains neighborhoods, based on CRE market data from WDSuite.
Safety indicators for the neighborhood are weaker than the national median, with national percentiles signaling higher-than-average crime relative to many U.S. neighborhoods. Within the metro, the neighborhood ranks 353 out of 889, which is competitive among New York–Jersey City–White Plains neighborhoods but not top-tier on safety.
Recent trends show year-over-year declines in both violent and property offense rates, a constructive directional signal. Investors should underwrite with conservative assumptions, focus on property-level security and tenant experience, and track whether the improving trend continues.
The area benefits from proximity to major employers in air travel, utilities, technology, and financial services, supporting commuter convenience and a diversified renter base. Notable nearby employers include JetBlue, Con Edison, Yahoo, and New York Life.
- Jetblue Airways — airline HQ (3.1 miles) — HQ
- Con Edison Distribution Engineering — utilities engineering (3.2 miles)
- Consolidated Edison — utilities HQ (3.2 miles) — HQ
- Yahoo — technology/media offices (3.2 miles)
- New York Life Insurance Company — insurance offices (3.3 miles)
300 Bushwick Ave is a 65-unit 1972 vintage asset positioned in a high-amenity Urban Core location where neighborhood occupancy is tight and the renter base is deep. The vintage points to potential value-add through unit and systems modernization, while elevated neighborhood ownership costs help sustain multifamily demand and support pricing power when operations are well-executed. According to commercial real estate analysis from WDSuite, the neighborhood ranks in the top quartile within the metro and sits in strong national percentiles for amenities, groceries, and restaurants—factors that support retention.
Within a 3-mile radius, recent population and household growth—and projections for further household increases—suggest ongoing renter pool expansion. With neighborhood rent-to-income near 0.29, operators should emphasize renewal management and product differentiation to balance revenue growth with retention. Overall, the combination of tight neighborhood occupancy, renter concentration, and proximity to major employers underpins a durable leasing story, with value-add upside tied to the 1972 construction year.
- Tight neighborhood occupancy and high renter-occupied share support demand stability
- Urban Core location with top-tier amenity access aids retention and leasing velocity
- 1972 vintage allows targeted value-add and systems modernization strategies
- Nearby employers in airlines, utilities, tech, and insurance bolster commuter demand
- Key risks: below-median safety metrics and affordability pressure require prudent underwriting and tenant-experience focus