| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 80th | Best |
| Amenities | 100th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 532 Greene Ave, Brooklyn, NY, 11216, US |
| Region / Metro | Brooklyn |
| Year of Construction | 1994 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
532 Greene Ave, Brooklyn NY Multifamily Investment
High-cost home values and a deep renter base in the surrounding neighborhood support durable leasing, according to WDSuite’s CRE market data. Investors should view this as an Urban Core location where neighborhood occupancy has remained above the national median.
The property sits in an Urban Core neighborhood that ranks 26 out of 889 metro neighborhoods (A+), placing it in the top quartile nationally for overall livability and investment fundamentals based on CRE market data from WDSuite. Neighborhood occupancy trends are above the national median, and the area’s renter-occupied share is high, indicating a sizable tenant base for multifamily operators.
Daily-needs access is a clear strength: grocery, parks, pharmacies, restaurants, and childcare all benchmark at or near the highest national percentiles. This concentration of amenities is competitive among New York-Jersey City-White Plains neighborhoods and supports resident retention, particularly for larger floor plans.
Ownership is expensive at the neighborhood level (elevated home values and value-to-income ratios near the top of national comparisons). In investor terms, a high-cost ownership market tends to reinforce reliance on rental housing, which can support pricing power and stabilize occupancy for professionally managed assets.
Within a 3-mile radius, population and household counts have grown over the past five years with projections for further increases and smaller average household sizes. This points to a larger renter pool over time, aiding lease-up velocity and renewal depth for well-positioned properties.
Vintage also matters: this asset was built in 1995, newer than the neighborhood’s average vintage. That typically enhances competitive positioning versus older stock while still warranting selective modernization of systems and finishes as part of long-term capital planning.
Safety conditions should be evaluated with a comparative lens. At the metro level, the neighborhood’s crime rank sits in the lower middle of the pack (444 out of 889), indicating higher reported crime than many peer neighborhoods. Nationally, indices place the area below average for safety; however, recent data from WDSuite indicates year-over-year declines in both violent and property offenses, which is a constructive trend to monitor rather than a completed shift.
For investors, the takeaway is risk management rather than avoidance: strong on-site operations, lighting, access control, and resident engagement typically matter more in Urban Core settings with elevated baseline crime relative to national benchmarks. Comparisons should be made against similar inner-city submarkets across the New York region.
Proximity to major employers supports commuter convenience and broad white-collar renter demand, including financial and insurance services concentrated within roughly 3–4 miles: AIG, S&P Global, Guardian Life, AmTrust Financial, and Assurant.
- AIG — insurance (3.2 miles) — HQ
- S&P Global — financial information & ratings (3.3 miles) — HQ
- Guardian Life Ins. Co. of America — insurance (3.3 miles) — HQ
- Amtrust Financial Services — insurance (3.4 miles) — HQ
- Assurant — insurance (3.4 miles) — HQ
532 Greene Ave offers a Brooklyn Urban Core location with strong amenity coverage, a deep renter base, and neighborhood occupancy above the national median. Built in 1995, the asset is newer than much of the surrounding housing stock, which can translate into competitive positioning versus older buildings, while still calling for targeted modernization to protect long-term performance. According to CRE market data from WDSuite, local ownership costs are elevated, which tends to sustain multifamily demand and support lease retention.
Within a 3-mile radius, both population and households have increased with projections for further gains and smaller average household sizes, implying a growing renter pool. Investors should balance these strengths with Urban Core operating considerations and measured safety strategies.
- Urban Core fundamentals: above-median neighborhood occupancy, high renter-occupied share, and top-tier amenity access that supports retention.
- 1995 vintage offers relative competitiveness versus older stock, with value-add via selective renovations and system updates.
- High-cost ownership market reinforces multifamily demand and pricing power for well-managed assets.
- Demand tailwinds: 3-mile population and household growth with smaller household sizes, indicating renter pool expansion.
- Risk: safety metrics trail national benchmarks; active property management and security practices remain important.