| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 82nd | Best |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 544 Union Ave, Brooklyn, NY, 11211, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2013 |
| Units | 95 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
544 Union Ave Brooklyn Multifamily | 2013 Urban-Core Asset
Neighborhood occupancy trends and a deep renter base point to durable leasing fundamentals, according to WDSuite’s CRE market data. Positioning in a high-demand Brooklyn node supports rent resilience through cycles.
Located in Brooklyn’s Urban Core, the property benefits from one of the metro’s highest-rated neighborhoods (ranked 7 out of 889), reflecting strong lifestyle drivers and income depth. Amenity density is among the best nationally, with restaurants, groceries, parks, and daily-needs retail supporting renter convenience and lease retention.
Renter-occupied housing is prevalent at the neighborhood level (near four-fifths of units), which signals a large tenant base for multifamily. Neighborhood occupancy is solid and has edged up over the past five years, reinforcing baseline demand. In a 3-mile radius, population and household counts have increased and are projected to continue growing, pointing to a larger tenant pool and supportive conditions for sustained occupancy.
Income levels are high relative to national norms, while WDSuite indicates rent-to-income ratios in this area remain manageable for many renters. Elevated home values in the neighborhood and broader borough create a high-cost ownership environment, which tends to reinforce reliance on rental housing and can aid pricing power and lease retention for well-positioned assets.
School outcomes in the area trend around the national middle, and daily-life infrastructure is robust. Taken together—and viewed through a commercial real estate analysis lens—these factors indicate competitive positioning for stabilized operations, with additional upside tied to quality, finishes, and property-level execution.
Safety indicators in this neighborhood track below national percentiles, with violent and property offense rates sitting in lower national percentiles compared with U.S. neighborhoods overall. That said, recent year-over-year trends show improvement, with both violent and property offenses declining, which investors may view as a constructive directional signal rather than a solved constraint.
At the metro level, conditions can vary block to block; investors typically underwrite with conservative assumptions and emphasize on-site measures, lighting, access controls, and management practices to support resident experience and retention over time.
Proximity to Midtown–Downtown employment nodes supports commuter convenience and renter demand, anchored by utilities, media/tech, insurance, and airlines represented below.
- Con Edison Distribution Engineering — utilities engineering (2.3 miles)
- Consolidated Edison — utilities (2.3 miles) — HQ
- Yahoo — media & tech offices (2.3 miles)
- New York Life Insurance Company — insurance (2.3 miles)
- Verizon Communications — telecommunications (2.5 miles)
Completed in 2013, the 95-unit asset is materially newer than the surrounding housing stock, offering competitive positioning against older inventory while leaving room for targeted modernization and common-area upgrades over time. Neighborhood fundamentals are strong: stable occupancy, a high renter-occupied share, and top-tier amenity access support steady absorption and retention through cycles. Elevated ownership costs locally further sustain reliance on rental housing.
Within a 3-mile radius, recent increases in population and households—and projections for additional growth by 2028—suggest a larger renter pool ahead, which can support occupancy stability and measured rent growth. According to CRE market data from WDSuite, neighborhood NOI per unit performs near the top of national peers, consistent with the area’s income profile and demand depth. Key underwriting watchpoints include below-average safety percentiles and average school scores relative to national norms.
- 2013 vintage vs. older local stock supports competitive positioning and lighter near-term capex
- Stable neighborhood occupancy and high renter concentration indicate durable leasing demand
- High-cost ownership market reinforces renter reliance, aiding pricing power and retention
- 3-mile radius growth expands the tenant base, supporting occupancy stability
- Risks: below-national safety percentiles and average school outcomes warrant conservative underwriting