| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 78th | Best |
| Amenities | 100th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 527 Lincoln Pl, Brooklyn, NY, 11238, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2008 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
527 Lincoln Pl Brooklyn Multifamily Investment
Well-situated in Brooklyn s urban core, the property benefits from deep renter demand and strong neighborhood amenities, according to WDSuite s CRE market data. The area s occupancy trends and high-cost ownership landscape support durable leasing fundamentals at the neighborhood level.
Located in Brooklyn s Urban Core, the neighborhood surrounding 527 Lincoln Pl is ranked 34 out of 889 metro neighborhoods (A+), signaling competitive positioning within the New York Jersey City White Plains region. Amenity access is a notable strength the area places 18th of 889 for overall amenities, with dense coverage of grocery, restaurants, parks, cafes, and pharmacies which supports daily convenience and renter retention based on CRE market data from WDSuite.
Renter demand is reinforced by a high share of renter-occupied housing in the neighborhood, indicating a deep tenant base and consistent leasing velocity for multifamily assets. Neighborhood occupancy is around the metro average and has edged higher over the past five years, helping underpin income stability through cycles at the neighborhood level.
Within a 3-mile radius, households have expanded in recent years and are projected to continue growing through 2028. Population and income trends point to a larger, higher-earning renter pool over time, which can support pricing power while requiring attentive lease management to balance affordability and retention. Elevated home values in this part of Brooklyn suggest a high-cost ownership market, which tends to sustain reliance on rental housing and support occupancy.
The asset s 2008 vintage is newer than the neighborhood s older housing stock (average construction year is mid-20th century), offering relative competitiveness versus legacy buildings. Investors should still plan for normal system updates and selective modernization to maintain positioning against recently delivered product.
Safety indicators are mixed when viewed against national and metro benchmarks. The neighborhood s crime rank sits in a competitive range among 889 New York Jersey City White Plains neighborhoods, yet national percentiles indicate below-average safety compared with neighborhoods nationwide. Recent year-over-year data shows double-digit declines in both violent and property offense rates, suggesting improvement momentum rather than a definitive long-term shift.
For underwriting, this context supports conservative assumptions on security, insurance, and tenant experience, while recognizing that recent trendlines have moved in a favorable direction.
Proximity to a cluster of Manhattan corporate offices within roughly 3 4 miles supports commuter convenience and broad white-collar renter demand. The employers below reflect the nearby financial and corporate services base that can bolster leasing depth and retention.
- Dr Pepper Snapple Group corporate offices (3.2 miles)
- Aig corporate offices (3.4 miles) HQ
- S&P Global corporate offices (3.4 miles) HQ
- Guardian Life Ins. Co. of America corporate offices (3.5 miles) HQ
- Robert Half International corporate offices (3.6 miles)
527 Lincoln Pl offers scale at 24 units with a 2008 vintage that competes well against the neighborhood s predominantly older stock, supporting leasing appeal with limited immediate capex beyond routine system upkeep and targeted upgrades. Amenity density and commuter access underpin demand, while the neighborhood s occupancy has remained generally stable, aligning with a deep renter base.
A high-cost ownership market and growing household counts within a 3-mile radius point to durable renter reliance and potential pricing power, provided management stays attentive to rent-to-income dynamics. According to CRE market data from WDSuite, the neighborhood ranks competitively in the metro and shows improving safety trendlines factors that can support long-term income durability while warranting prudent underwriting assumptions.
- 2008 vintage outperforms older local stock, supporting competitiveness with manageable modernization needs
- Dense amenity access and transit-oriented location bolster leasing velocity and retention
- High-cost ownership market sustains renter demand and can support pricing power
- Neighborhood occupancy stability and expanding 3-mile household base support income durability
- Risk: Safety metrics trail national benchmarks despite recent improvement; underwrite security/insurance conservatively