| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 55th | Fair |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 380 Lefferts Ave, Brooklyn, NY, 11225, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2009 |
| Units | 47 |
| Transaction Date | 2017-05-03 |
| Transaction Price | $20,025,000 |
| Buyer | LEFFERTS PROPERTY LLC |
| Seller | 382 LEFFERTS HOLDINGS LLC |
380 Lefferts Ave, Brooklyn — 47-Unit 2009 Multifamily
Positioned in an amenity-rich Brooklyn enclave with durable renter demand, this 2009 asset offers relative competitiveness versus older local stock, according to WDSuite’s CRE market data.
The property sits in an Urban Core neighborhood that ranks 88th among 889 metro neighborhoods (A rating), reflecting strong fundamentals for daily-life convenience and leasing appeal. Amenities are a clear strength: neighborhood access to groceries, pharmacies, cafes, restaurants, parks and childcare is in the top quartile nationally, with several categories near the very top of national comparisons. This density of services typically supports tenant retention and reduces friction in day-to-day living.
At the neighborhood level, occupancy is reported at 92.9% (neighborhood metric, not property-specific) and has been broadly stable, supporting underwriting around steady lease-up and renewals. Median asking rents in the area sit above many U.S. neighborhoods, while the rent-to-income ratio indicates measured affordability pressure relative to national norms. Elevated home values (top national tier) signal a high-cost ownership market, which generally sustains reliance on multifamily rentals and can reinforce pricing power for well-maintained assets.
Vintage is a notable differentiator: the average construction year in the neighborhood skews mid-20th century, while this property was built in 2009. Newer construction often means more competitive finishes, layout efficiency, and systems versus older local stock; investors should still plan for mid-life building systems updates as part of long-term capital planning. The neighborhood’s renter-occupied share is high (neighborhood tenure, not property-specific), indicating a deep tenant base that supports demand stability for smaller-format apartments like the average unit size here.
Demographic statistics aggregated within a 3-mile radius show population and household counts expanding over recent periods, with forecasts pointing to continued household growth and a modest step-down in average household size. For investors, that pattern typically translates to a larger renter pool and steady absorption potential, aligning with observed leasing durability in comparable Urban Core locations across the New York-Jersey City-White Plains metro, based on commercial real estate analysis from WDSuite.
Neighborhood safety trends should be evaluated with context. Compared with neighborhoods nationwide, reported violent and property offense rates sit in lower national percentiles, indicating below-average safety versus national peers. However, recent year-over-year data show double-digit declines in both categories at the neighborhood level, suggesting improving momentum relative to many U.S. areas. These are neighborhood metrics, not block-level conditions, and should be paired with on-the-ground diligence and current comp property reviews.
Proximity to major corporate employers supports renter demand through commute convenience and a diversified white-collar employment base. Nearby anchors include beverage, financial services, and information services firms located within roughly 3–5 miles.
- Dr Pepper Snapple Group — beverages (3.8 miles)
- S&P Global — information services (4.2 miles) — HQ
- Aig — insurance & financial services (4.2 miles) — HQ
- Guardian Life Ins. Co. of America — insurance (4.3 miles) — HQ
- Robert Half International — professional staffing (4.4 miles)
380 Lefferts Ave combines a 2009 vintage with an Urban Core location characterized by dense amenities, high renter concentration, and a high-cost ownership market. That mix tends to underpin occupancy stability and lease retention for well-kept assets. Neighborhood occupancy is in the low-90s (neighborhood measure), and home values far outpace national norms, which typically reinforces reliance on rental housing. According to CRE market data from WDSuite, recent rent and household trends in the 3-mile area point to a larger tenant base over time, supporting steady demand for smaller-format units.
Relative to the neighborhood’s older building stock, this asset’s newer construction can enhance competitiveness while still warranting mid-life system updates and selective value-add to meet current renter preferences. Investors should also consider neighborhood safety perceptions and school quality as potential leasing headwinds and reflect them in marketing strategy and operating assumptions.
- Urban Core location with top-tier amenity access supports tenant retention and day-to-day convenience.
- 2009 construction offers competitive positioning versus older local stock, with clear value-add and system-refresh pathways.
- High-cost ownership market sustains multifamily reliance, supporting pricing power for well-maintained units.
- Expanding 3-mile households and solid employment access indicate a durable renter pool and leasing continuity.
- Risks: below-average national safety comparisons and modest occupancy softening at the neighborhood level warrant conservative underwriting.