| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Good |
| Demographics | 24th | Poor |
| Amenities | 82nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 330 Sheffield Ave, Brooklyn, NY, 11207, US |
| Region / Metro | Brooklyn |
| Year of Construction | 1974 |
| Units | 65 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
330 Sheffield Ave, Brooklyn NY Multifamily Investment
Neighborhood occupancy sits above the national median and renter-occupied housing is prevalent, supporting a stable tenant base, according to WDSuite s CRE market data. For investors, this points to durable leasing demand with room for value-add at the asset level.
330 Sheffield Ave sits within an Urban Core setting of Brooklyn where amenity access performs in the top quartile among 889 metro neighborhoods. Nationally, grocery, pharmacy, childcare, and park access rank in very high percentiles, while caf e9 density is limited. This mix generally supports day-to-day convenience for renters and helps with retention even as dining options skew toward restaurants over coffee shops.
From an operations standpoint, neighborhood occupancy trends are above the national median and net operating income per unit benchmarks score in the upper national percentiles, based on CRE market data from WDSuite. The area also shows a very high share of renter-occupied housing units (renter concentration), which signals depth in the multifamily demand pool and reduces lease-up risk for smaller units typical of this address.
The property s 1974 vintage is newer than the neighborhood s older average stock, positioning it competitively versus prewar assets while still warranting modernization and system upgrades over a hold period. Elevated home values in the neighborhood relative to incomes indicate a high-cost ownership market; in practice, that tends to reinforce reliance on rental housing and can sustain pricing power for well-managed multifamily.
Demographic statistics aggregated within a 3-mile radius show population and household growth alongside rising incomes, with average household size trending smaller. For investors, that combination expands the renter pool and supports occupancy stability, though lease management should account for affordability pressure as rent levels have also increased over the period.
Safety indicators for the neighborhood are mixed relative to national benchmarks. Overall crime measures sit below national averages, and violent and property offense rates track weaker than typical neighborhoods nationwide; however, recent year-over-year trends show meaningful declines in both categories, suggesting conditions are improving rather than deteriorating.
Within the New York Jersey City White Plains, NY NJ metro, the neighborhood s crime rank is 340 among 889 neighborhoods, indicating it is below the metro median. Investors should underwrite prudent security and operational protocols while recognizing that the directional trend has been improving.
Nearby corporate offices across finance and airlines contribute to a broad employment base that supports renter demand and commute convenience for workforce tenants. This concentration can aid leasing stability and retention for well-managed multifamily.
- Prudential corporate offices (2.34 miles)
- Jetblue Airways airlines (6.07 miles) HQ
- Aig insurance & financial services (6.27 miles) HQ
- S&P Global financial information & ratings (6.38 miles) HQ
- Guardian Life Ins. Co. of America insurance (6.43 miles) HQ
This 65-unit, 1974 asset offers exposure to a renter-heavy pocket of Brooklyn with above-median occupancy and strong day-to-day amenity access. The vintage is newer than much of the surrounding stock, creating a path for value-add through targeted renovations and building system upgrades. Elevated ownership costs in the neighborhood underpin persistent reliance on rental housing, while income gains and household growth within a 3-mile radius expand the tenant base over time.
According to CRE market data from WDSuite, neighborhood performance indicators such as NOI per unit and occupancy are competitive nationally, supporting an underwriting case for steady operations. Balanced against these strengths, investors should account for affordability pressure in rent-to-income dynamics and underwrite pragmatic safety and school-quality assumptions.
- Renter-occupied housing is high locally, supporting demand depth and lease-up predictability.
- 1974 vintage offers value-add potential versus older nearby stock through modernization and unit upgrades.
- Strong everyday amenities (grocery, pharmacy, parks) aid tenant retention and occupancy stability.
- High-cost ownership environment reinforces reliance on rentals, supporting pricing power for well-managed assets.
- Risks: affordability pressure and below-median safety metrics warrant conservative underwriting and active management.