| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Good |
| Demographics | 24th | Poor |
| Amenities | 82nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 435 Schenck Ave, Brooklyn, NY, 11207, US |
| Region / Metro | Brooklyn |
| Year of Construction | 1984 |
| Units | 96 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
435 Schenck Ave, Brooklyn — 96-Unit Multifamily Investment
Renter demand is supported by a high neighborhood renter-occupied share and occupancy that trends above national medians, according to WDSuite’s CRE market data. Elevated ownership costs in Kings County further sustain reliance on multifamily rentals in this Urban Core location.
Located in Brooklyn’s Urban Core, the area surrounding 435 Schenck Ave shows renter-driven fundamentals that matter to multifamily investors. The neighborhood’s renter-occupied share is high, indicating a deep tenant base that can support lease-up and renewal velocity. Neighborhood occupancy is in the low-to-mid 90s and has improved over the past five years, placing it above the national median while tracking closer to the middle of the New York–Jersey City–White Plains metro pack of 889 neighborhoods.
Livability indicators are mixed but service-rich. Nationally, amenities sit in the top quintile, with strong access to groceries, pharmacies, and parks (each scoring in the upper percentiles nationwide), though the immediate cafe density is relatively thin. Average school ratings in the neighborhood are lower versus national benchmarks, which may matter for family-oriented product but is less binding for smaller-unit assets.
Ownership costs are elevated in this part of Kings County (home values trend in the upper national percentiles), which tends to reinforce rental demand and can support pricing power and retention for well-managed properties. At the same time, a rent-to-income ratio around the low 30s suggests some affordability pressure for residents, making disciplined lease management and value-focused amenities important for stability.
Demographic statistics aggregated within a 3-mile radius indicate population and household growth in recent years, with households expanding faster than population—pointing to smaller household sizes and a larger pool of prospective renters. Forward-looking projections show further gains by the middle of the decade, which can underpin demand for studios and small-format units typical of many Urban Core properties.
Safety trends should be framed comparatively. The neighborhood sits below the national median for safety based on crime percentiles, indicating higher-than-average incidents versus nationwide norms. However, recent data show year-over-year declines in both violent and property offense estimates, a constructive directional signal for operators focused on resident experience and retention.
Investors typically mitigate these dynamics through on-site management practices, lighting and access control upgrades, and resident engagement. Benchmarking performance against peer Brooklyn submarkets can help calibrate underwriting assumptions without relying on block-level interpretations.
- Prudential — insurance (1.9 miles)
- Jetblue Airways — airline (6.2 miles) — HQ
- Aig — insurance & financial services (6.7 miles) — HQ
- Guardian Life Ins. Co. of America — insurance (6.8 miles) — HQ
- S&P Global — financial data & ratings (6.8 miles) — HQ
435 Schenck Ave is a 96-unit asset built in 1984—newer than much of the surrounding housing stock—which can be competitively positioned against older Urban Core properties while still benefiting from targeted modernization. Neighborhood occupancy trends above national medians and the renter-occupied share is high, indicating durable tenant depth that supports leasing stability and renewal rates. Elevated home values in Kings County tend to sustain reliance on rentals, and, according to CRE market data from WDSuite, service-rich amenities (groceries, pharmacies, parks) add day-to-day convenience valued by renters.
Average unit sizes here skew small, favoring singles and workforce renters seeking efficient layouts; this can translate into steady demand, though rent-to-income levels suggest careful rent setting and amenity programming. Safety scores trail national medians but have improved year over year, a factor to underwrite with reasonable expense for on-site management, access control, and community programming.
- 1984 vintage versus older neighborhood stock supports competitive positioning with targeted upgrades
- High renter-occupied share and improving neighborhood occupancy underpin leasing stability
- Elevated ownership costs in Kings County reinforce multifamily demand and retention
- Service-rich amenity mix (groceries, pharmacies, parks) enhances renter convenience
- Risk: below national safety medians and affordability pressure require prudent operations