| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 58th | Fair |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 533 Bushwick Ave, Brooklyn, NY, 11206, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2004 |
| Units | 46 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
533 Bushwick Ave, Brooklyn Multifamily Investment
Neighborhood fundamentals indicate durable renter demand and steady occupancy, according to WDSuite’s CRE market data. Context points to stable performance drivers in an Urban Core setting, with the caveat that metrics reflect the surrounding neighborhood, not the property.
Located in Brooklyn’s Urban Core, the surrounding neighborhood posts an A rating (63 of 889 metro neighborhoods), signaling competitive positioning within the New York–Jersey City–White Plains metro. Amenity access is a standout: restaurants and groceries score at the top end nationally, with dense cafe, park, and pharmacy options supporting day-to-day convenience that helps with leasing and retention.
For investors focused on income stability, the neighborhood’s occupancy is competitive among New York–Jersey City–White Plains neighborhoods (rank 247 of 889; 81st percentile nationally). Renter concentration is also high (share of housing units that are renter-occupied ranks near the top of national distributions), indicating a deep tenant base for multifamily. Median asking rents in the neighborhood trend well above national norms, while the rent-to-income profile suggests some affordability pressure that should be managed through disciplined lease management rather than outsized rent steps.
Demographic statistics aggregated within a 3-mile radius show population growth over the last five years and a further increase projected through the next cycle, supporting a larger tenant base. Household counts are rising while average household size trends lower, which typically broadens demand for smaller units and supports occupancy stability for assets like this. These themes are consistent with New York metro dynamics and align with investor takeaways surfaced in multifamily property research from WDSuite.
Home values in the neighborhood are elevated relative to national benchmarks, which generally sustains reliance on rental housing and can support pricing power for well-positioned assets. School ratings trend below national averages, which may tilt appeal toward young professionals and smaller households rather than family-driven demand; underwriting should reflect that mix.
The asset’s 2004 construction is newer than the neighborhood’s mid-1960s average vintage, offering a relative competitive edge versus older stock. That said, two-decade-old systems can still require targeted capital planning for modernization or efficiency upgrades, creating selective value-add levers without the heavier lift often associated with prewar inventory.
Safety indicators for the neighborhood are mixed when benchmarked against metro and national peers. Relative to the 889 neighborhoods in the New York–Jersey City–White Plains metro, overall crime sits in the middle of the pack (rank 353 of 889), which is below the metro’s safest cohort but not among its highest-risk areas. Nationally, the neighborhood scores below the median on several measures, so prudent security, lighting, and access controls remain relevant to operations.
Trend data offer a constructive note: both violent and property offense estimates show year-over-year declines, placing the neighborhood above national medians for improvement pace. For investors, this suggests conditions that may be gradually normalizing, though forward assumptions should remain conservative and tied to observable trends rather than short-term volatility.
Proximity to major corporate offices broadens the commuter tenant base and supports leasing stability, with access to employers spanning airlines, utilities, finance, and media/tech that are within roughly four miles.
- JetBlue Airways — airline HQ (3.5 miles) — HQ
- Yahoo — media & tech (3.6 miles)
- Con Edison Distribution Engineering — utilities operations (3.6 miles)
- Consolidated Edison — utilities HQ (3.6 miles) — HQ
- AIG — insurance HQ (3.7 miles) — HQ
533 Bushwick Ave benefits from a renter-driven Urban Core location where neighborhood occupancy is competitive within the New York metro and renter-occupied housing shares are exceptionally high, pointing to depth of demand for multifamily. Elevated home values in the surrounding area reinforce reliance on rental housing, supporting pricing power for well-managed assets. Based on CRE market data from WDSuite, amenity density and transit-accessible employment nodes nearby help underpin tenant retention and leasing velocity.
The 46-unit property’s 2004 vintage is newer than much of the local housing stock, offering relative competitiveness versus older buildings while still presenting targeted value-add opportunities (e.g., systems modernization, common-area refresh) typical for assets approaching two decades in age. Demographic statistics within a 3-mile radius indicate population growth and rising household counts, which should expand the tenant pool and support occupancy stability through the next cycle. Key risks include below-average school ratings and mixed safety benchmarks that warrant conservative underwriting and active property management.
- Renter-heavy neighborhood supports consistent multifamily demand and lease retention
- Occupancy competitive within the metro, with strong amenity access aiding stability
- 2004 construction offers an edge versus older stock, with selective value-add potential
- Elevated ownership costs reinforce rental reliance and pricing power for well-positioned units
- Risks: below-average school ratings and mixed safety metrics require conservative assumptions