| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 82nd | Best |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 58 Maspeth Ave, Brooklyn, NY, 11211, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2007 |
| Units | 23 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
58 Maspeth Ave, Brooklyn — 23-Unit Multifamily Position
High renter concentration and steady neighborhood occupancy indicate durable leasing fundamentals, according to WDSuite’s CRE market data. Positioning in an amenity-dense Brooklyn pocket supports renter demand and pricing discipline.
This Urban Core Brooklyn neighborhood scores A+ overall (7 of 889 in the metro), reflecting strong urban conveniences and depth of demand. Amenity access is a notable edge: restaurants, cafes, parks, groceries, and pharmacies rank among the highest nationwide, with restaurants and parks effectively in the top national percentiles. For investors, this density of daily needs typically supports leasing velocity and retention.
Neighborhood occupancy is solid and above the metro median (based on its rank of 407 out of 889), which aligns with sustained renter demand. The share of renter-occupied housing units is in the top quartile among 889 metro neighborhoods (nationally high as well), signaling a deep tenant base for multifamily. Median home values are elevated locally, and the value-to-income ratio is high relative to national norms, reinforcing reliance on rental housing and supporting pricing power for well-managed assets.
Within a 3-mile radius, population and household counts have grown over the last five years and are projected to expand further by 2028, pointing to a larger tenant base over time. Household sizes are trending smaller, which can translate into demand for smaller units and steady absorption in professionally managed buildings. Median household incomes are high with meaningful gains, supporting rent levels while suggesting room for quality differentiation and renewal capture.
The average school rating is around the national middle, which is serviceable for urban renters; however, the submarket’s strength is lifestyle convenience and employment access rather than school-led demand. Construction in this property’s 2007 vintage is newer than the neighborhood average year (1974), offering competitive positioning versus older stock; investors should still plan for mid-life system updates and selective renovations to maintain appeal.
Safety conditions should be evaluated with a metro and national lens. The neighborhood’s overall crime ranking sits near the middle of the New York–Jersey City–White Plains metro (423 of 889 metro neighborhoods), while national percentiles indicate higher reported crime than many U.S. neighborhoods. Recent trend data shows year-over-year decreases in both violent and property offenses locally, which is constructive, but investors should underwrite with prudent security, lighting, and management practices appropriate for an urban core location.
Proximity to established employers in finance, utilities, telecom, and air travel supports renter demand through commute convenience and a diversified white-collar workforce. Nearby anchors include JetBlue Airways, New York Life, Con Edison, Verizon, and Pfizer.
- Jetblue Airways — airline HQ and corporate (2.4 miles) — HQ
- New York Life Insurance Company — insurance (2.8 miles)
- Con Edison Distribution Engineering — utilities operations (2.8 miles)
- Consolidated Edison — utilities (2.8 miles) — HQ
- Verizon Communications — telecom (2.9 miles)
58 Maspeth Ave offers a 23-unit footprint in an A+ Urban Core Brooklyn neighborhood where amenity density and a high renter-occupied share underpin demand. Neighborhood occupancy trends sit above the metro median, and elevated ownership costs locally tend to sustain renter reliance, supporting lease retention and pricing power for well-located, professionally managed assets. According to CRE market data from WDSuite, the area’s fundamentals compare favorably versus many metro peers, particularly on amenities and income growth.
Built in 2007, the asset is newer than the area’s average vintage, providing a competitive edge versus older housing stock while leaving room for targeted capital projects—systems refresh, common-area upgrades, and unit finishes—to capture rent premiums. Within a 3-mile radius, population and household growth—past and projected—suggest a gradually expanding renter pool that can support occupancy stability over a longer hold.
- Amenity-rich A+ location with top-tier food, park, and daily-needs access that supports leasing velocity.
- Above-metro occupancy and high renter-occupied share indicate depth of demand for multifamily.
- 2007 construction offers competitive positioning versus older stock, with value-add potential through selective upgrades.
- Growing 3-mile population and households point to a larger tenant base and support for rent durability.
- Risks: urban-core safety considerations and affordability pressure; mitigate via active management and resident experience.