| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 58th | Fair |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 330 Bushwick Ave, Brooklyn, NY, 11206, US |
| Region / Metro | Brooklyn |
| Year of Construction | 1972 |
| Units | 65 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
330 Bushwick Ave Brooklyn Multifamily—Renter-Driven Cash Flow
In an urban-core pocket with above-metro occupancy and a deep renter base, the area supports stable leasing, according to WDSuite s CRE market data. The investment angle centers on durable renter demand rather than homeownership conversion.
Located in Bushwick within the New York Jersey City White Plains metro, the neighborhood rates A and ranks 63 out of 889 metro neighborhoods, placing it competitive among New York metro peers. Amenity access is a standout: restaurants, groceries, parks, and pharmacies benchmark in the top national percentiles, supporting walkable daily needs and renter convenience.
Leasing fundamentals are constructive. Neighborhood occupancy is in the above-metro median range (rank 247 of 889), and the share of renter-occupied housing is exceptionally high (rank 13 of 889; top national percentile), indicating a large and durable tenant base for multifamily. Median contract rents and household incomes sit above national norms, which supports pricing power but calls for attentive lease management where rent-to-income ratios are tighter.
Within a 3-mile radius, population and households have grown and are projected to continue expanding, alongside rising median incomes. This combination suggests a larger tenant base and supports occupancy stability for professionally managed assets. Average household size has edged down, pointing to steady demand for efficient units and studios.
Ownership costs in the neighborhood are elevated relative to national levels, which typically reinforces reliance on rental housing and aids lease retention for well-operated properties. School ratings trail national averages, so family-oriented demand may be more selective, though strong amenity access and transit-oriented lifestyles continue to underpin urban renter appeal.
Safety metrics for the neighborhood trend below national averages (crime rank 353 out of 889 metro neighborhoods; national safety percentile in the lower third), so underwriting should incorporate prudent security and operating assumptions. That said, year-over-year estimates indicate declines in both violent and property offenses, suggesting an improving trajectory versus last year, based on CRE market data from WDSuite.
Nearby corporate footprints provide diversified employment and commute convenience that can bolster renter demand and retention, including JetBlue Airways, Con Edison (operations and HQ), Yahoo, and Pfizer (HQ).
- Jetblue Airways airlines (3.15 miles) HQ
- Con Edison Distribution Engineering utilities engineering (3.24 miles)
- Consolidated Edison utilities (3.25 miles) HQ
- Yahoo media & technology offices (3.25 miles)
- Pfizer pharmaceuticals (3.57 miles) HQ
330 Bushwick Ave is a 65-unit property built in 1972 in an Urban Core location where renter concentration and amenity access are structural strengths. Neighborhood occupancy trends sit above the metro median while ownership costs are elevated relative to national levels, a combination that supports tenant retention and pricing power for well-managed assets. According to CRE market data from WDSuite, the area s amenity density and strong NOI per-unit benchmarks within the metro further indicate a supportive revenue environment.
The 1972 vintage suggests planning for ongoing system upgrades and targeted renovations, with potential to capture value-add returns, especially for smaller, efficient layouts favored by urban renters. Demographic signals within a 3-mile radius point to continued population and household growth alongside rising incomes, reinforcing a deeper tenant base and leasing stability over the medium term.
- Deep renter-occupied housing base supports demand and reduces exposure to ownership conversion risk.
- Above-metro occupancy and strong neighborhood NOI benchmarks support income durability.
- Amenity-rich, transit-oriented urban setting aids lease-up velocity and retention.
- 1972 vintage presents value-add and capex planning opportunities to enhance competitiveness.
- Risks: safety metrics below national norms and tighter rent-to-income ratios require disciplined underwriting and active management.