| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 80th | Best |
| Amenities | 100th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 305 Lexington Ave, Brooklyn, NY, 11216, US |
| Region / Metro | Brooklyn |
| Year of Construction | 1994 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
305 Lexington Ave, Brooklyn Multifamily Investment
Positioned in a high-demand Brooklyn urban core, the property benefits from strong neighborhood renter depth and steady occupancy, according to WDSuite’s CRE market data.
This Urban Core neighborhood ranks among the top performers in the New York–Jersey City–White Plains metro (26 out of 889), reflecting a deep amenities base and durable renter demand. Amenity access is a clear strength, with grocery, parks, restaurants, and pharmacies placing in the top tier nationally—an advantage for leasing velocity and retention. Average school ratings trend slightly above the national median (3.0 out of 5), supporting broader livability for a multifamily tenant base.
Neighborhood occupancy is solid and has improved over the past five years, supporting income stability for well-managed assets. The share of renter-occupied housing units is high, indicating a sizable tenant pool and sustained demand for professionally managed apartments. In a 3-mile radius, population and household counts have grown and are projected to expand further by 2028, pointing to a larger tenant base and continued absorption. Smaller average household sizes over time also align with ongoing demand for rental units.
Ownership costs in the immediate area are elevated relative to national norms, which tends to reinforce reliance on multifamily housing and can support pricing power when paired with disciplined lease management. Rents in the neighborhood sit well above national medians, yet the rent-to-income profile implies manageable affordability pressure for the local renter cohort, an important consideration for lease retention and renewal strategies.
Vintage context matters: with an average neighborhood construction year around the late 1940s, a 1995-built asset stands newer than much of the local stock. That positioning can bolster competitiveness versus older buildings and may reduce near-term capital intensity; however, investors should still plan for modernization of systems and common areas over a long hold. These fundamentals, combined with top-quartile amenity access and favorable demographics, support a constructive view in a commercial real estate analysis framework based on WDSuite’s data.
Safety trends are mixed. Relative to neighborhoods nationwide, the area sits below the national median for safety; within the metro, it is roughly around the midpoint (ranked near the center at 444 among 889 New York–Jersey City–White Plains neighborhoods). Recent year-over-year movement shows declines in both property and violent offense rates, which is a constructive directional signal, though conditions can vary block to block and merit property-level diligence.
For investors, the takeaway is to underwrite security measures and tenant experience thoughtfully while recognizing the broader urban context and improving trendlines. Comparing submarket and property-level incident data during due diligence remains prudent.
A concentrated cluster of finance and insurance headquarters within roughly 3–4 miles supports a deep white-collar employment base and commute convenience for renters. These nearby employers can underpin leasing stability and renewal rates for workforce and professional tenants.
- AIG — insurance HQ (3.1 miles) — HQ
- S&P Global — financial information services (3.3 miles) — HQ
- Guardian Life Ins. Co. of America — insurance (3.3 miles) — HQ
- AmTrust Financial Services — insurance (3.3 miles) — HQ
- Assurant — insurance (3.4 miles) — HQ
305 Lexington Ave is a 30-unit multifamily asset built in 1995, materially newer than the area’s older housing stock. That relative vintage can translate into competitive positioning versus prewar and midcentury buildings, with potential to drive occupancy stability and limit near-term capital needs, while still allowing targeted value-add through unit and systems modernization. The neighborhood shows strong amenity density and a high share of renter-occupied housing units, and, based on CRE market data from WDSuite, occupancy in the immediate area has trended upward, reinforcing cash flow durability for well-run assets.
Within a 3-mile radius, population and household growth—paired with rising incomes—support a larger renter pool over the next five years. Elevated ownership costs locally tend to sustain reliance on rentals, which can support pricing power when managed against affordability and lease retention. Key risks include safety levels that are below the national median and typical urban operating considerations; investors should calibrate underwriting, security, and capital plans accordingly.
- Newer 1995 vintage versus neighborhood average, supporting competitive positioning with selective value-add potential
- Upward neighborhood occupancy trends and high renter-occupied share indicate durable demand
- Deep amenity access and nearby corporate employment nodes help leasing and retention
- Elevated ownership costs sustain reliance on rentals, supporting pricing power with prudent lease management
- Risks: below-national-median safety and typical urban operating considerations warrant thoughtful underwriting