| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 78th | Best |
| Amenities | 100th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 542 Saint Marks Ave, Brooklyn, NY, 11238, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2007 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
542 Saint Marks Ave Brooklyn 2008 Multifamily Opportunity
Newer construction in an Urban Core location with deep renter demand signals steady leasing fundamentals, according to WDSuite’s CRE market data. The property’s 2008 vintage positions it competitively versus the area’s older stock, supporting operational durability.
This Urban Core pocket of Brooklyn ranks 34 out of 889 metro neighborhoods (A+), placing it in the top quartile among New York–Jersey City–White Plains submarkets by overall neighborhood quality. Amenity access is a clear strength: cafes, groceries, parks, pharmacies, and restaurants all trend at the top of national distributions, which helps sustain day-to-day livability and renter appeal.
The property’s 2008 construction is newer than the neighborhood’s predominantly pre-war housing stock. For investors, this typically translates to a more competitive offering versus older comparables, with potential to prioritize targeted upgrades and system maintenance over full-scale repositioning.
Neighborhood occupancy is stable around the national middle and has edged up over the past five years, supporting predictable cash flow. A high share of renter-occupied housing units in the neighborhood (renter concentration) indicates depth in the tenant base, which can aid leasing velocity and retention through cycles.
Within a 3-mile radius, populations and households have been increasing, while average household size has trended smaller—expanding the pool of renters and supporting multifamily absorption. Elevated home values in the neighborhood relative to income levels point to a high-cost ownership market, which generally sustains reliance on rental housing and can support pricing power with prudent lease management. These dynamics align with broader metro patterns and are consistent with multifamily property research from WDSuite on dense, amenity-rich Brooklyn locations.
School quality indicators in the neighborhood sit near the national midpoint, which neither meaningfully lifts nor detracts from demand, and demographic composition skews toward working-age cohorts—favorable for continued renter formation and unit turnover management.
Safety indicators for the neighborhood trail national norms, with both property and violent offense measures sitting below the national median (lower national percentiles indicate comparatively higher reported crime). However, year-over-year trends show improvement, with notable declines in both categories according to WDSuite’s CRE market data.
Investors should underwrite with conservative assumptions around security and operating practices typical for dense, transit-served urban neighborhoods, while acknowledging the recent downward trend in reported offenses. Comparative benchmarking to nearby Brooklyn neighborhoods and on-site measures can further contextualize risk.
Proximity to major employers in finance, insurance, business services, and consumer brands supports a broad commuter tenant base and can enhance retention for workforce renters. The list below focuses on nearby corporate offices within a short urban commute.
- Dr Pepper Snapple Group — beverages (3.2 miles)
- Aig — insurance (3.3 miles) — HQ
- S&P Global — financial information (3.3 miles) — HQ
- Guardian Life Ins. Co. of America — insurance (3.4 miles) — HQ
- Robert Half International — staffing services (3.5 miles)
Constructed in 2008 and sized for efficient operations, the asset is well positioned in a top-quartile Brooklyn neighborhood with exceptional amenity density and a high concentration of renter-occupied housing units. Neighborhood occupancy trends are steady and have improved modestly, and the high-cost ownership landscape reinforces reliance on rental housing, supporting leasing stability and pricing discipline. According to CRE market data from WDSuite, local fundamentals align with strong demand drivers seen across dense, transit-served submarkets in the New York–Jersey City–White Plains region.
The newer vintage compared with the area’s older housing stock can reduce near-term capital exposure while still leaving room for targeted value-add to modernize finishes and optimize rents. Underwriting should remain mindful of safety metrics that lag national benchmarks, even as recent trends show improvement, and of rent-to-income and retention management in a competitive urban market.
- Newer 2008 construction versus older neighborhood stock supports competitive positioning and moderated capital needs.
- Deep renter base and stable neighborhood occupancy underpin leasing durability.
- High-cost ownership market sustains rental demand and supports disciplined rent management.
- Amenity-rich, top-quartile neighborhood enhances livability and retention.
- Risks: safety indicators below national norms; maintain conservative operating and security assumptions.