| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Good |
| Demographics | 30th | Poor |
| Amenities | 80th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 549 Vermont St, Brooklyn, NY, 11207, US |
| Region / Metro | Brooklyn |
| Year of Construction | 1999 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
549 Vermont St, Brooklyn — Multifamily Investment Outlook
Renter demand is reinforced by a high-cost ownership landscape and a sizable renter base in the surrounding neighborhood, according to WDSuite’s CRE market data. The asset’s positioning in an Urban Core location supports leasing durability with proximity to daily amenities.
This Urban Core location in Brooklyn offers dense daily conveniences that support renter retention and leasing velocity. Amenities score competitively among 889 metro neighborhoods (amenities rank 247 of 889), with especially strong access to groceries and dining that test in high national percentiles, based on CRE market data from WDSuite.
The neighborhood’s housing stock trends older (average vintage around 1940), while the subject property was built in 1999. The newer vintage can be relatively competitive versus nearby prewar inventory, though investors should plan for ongoing modernization of building systems and common areas typical for late‑1990s assets.
Renter-occupied share in the neighborhood is high (about two-thirds of units are renter-occupied), indicating a deep tenant base that supports demand for multifamily. Neighborhood occupancy is moderately above national midpoints, suggesting reasonable stability through cycles rather than peak-tight conditions.
Within a 3-mile radius, demographics show population growth over the last five years alongside an increase in households, which points to a larger tenant base and supports occupancy stability. Forecasts indicate additional household expansion and higher incomes through the next five years, which can sustain demand even as median asking rents trend higher. In a high-cost ownership market, elevated home values tend to keep more households in rental housing, supporting pricing power for well-located, well-managed assets.
Local schools rate below national midpoints, which may limit appeal for some family renters; however, strong access to daily services (groceries, pharmacies, childcare, and cafes) offsets with convenience for working households.
Safety indicators for the neighborhood track below national averages, meaning incident rates are higher than many U.S. neighborhoods. That said, recent year-over-year trends show double-digit declines in both violent and property offense estimates, indicating improvement momentum rather than deterioration, per WDSuite’s data.
In metro context, the neighborhood’s crime position sits on the higher side relative to New York–Jersey City–White Plains peers, but with improving trajectories. Investors typically account for this with enhanced property security practices and close monitoring of ongoing trend data rather than assuming static conditions.
Nearby corporate employment anchors contribute to a broad commuter tenant base and support lease-up and retention for workforce and professional renters. Notable employers within a commutable radius include Prudential, JetBlue Airways, AIG, Guardian Life, and S&P Global.
- Prudential — corporate offices (2.1 miles)
- Jetblue Airways — corporate offices (6.4 miles) — HQ
- Aig — corporate offices (6.6 miles) — HQ
- Guardian Life Ins. Co. of America — corporate offices (6.7 miles) — HQ
- S&P Global — corporate offices (6.7 miles) — HQ
Built in 1999 with 20 units, the property is newer than much of the surrounding housing stock and can compete well against older Brooklyn inventory, while still warranting targeted modernization for systems and finishes. A high renter concentration in the neighborhood supports a deep tenant pool, and occupancy levels have been steady rather than overheated, helping underpin cash flow durability through cycles.
The ownership market is high-cost for the neighborhood, which tends to sustain reliance on rental housing and supports pricing power when units are managed to quality. Within a 3-mile radius, population and household growth—alongside rising incomes—point to ongoing renter pool expansion. According to WDSuite’s commercial real estate analysis, neighborhood rent benchmarks and leasing stability compare reasonably with broader metro patterns, while affordability pressure (elevated rent-to-income) reinforces the need for disciplined lease management and renewal strategies.
- 1999 vintage offers relative competitiveness versus older nearby stock, with value-add potential through selective upgrades
- High renter-occupied share supports depth of demand and steady leasing
- Dense Urban Core amenities (groceries, dining, services) aid retention and long-term appeal
- Demographic growth within 3 miles expands the tenant base and supports occupancy stability
- Risk: Below-average safety and rent-to-income pressure call for proactive security and renewal management