| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 86th | Best |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 62 Clermont Ave, Brooklyn, NY, 11205, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2005 |
| Units | 30 |
| Transaction Date | 2000-07-17 |
| Transaction Price | $70,000 |
| Buyer | CHMOL |
| Seller | JACKSON ESTHER |
62 Clermont Ave Brooklyn Multifamily Investment
2006 vintage in an amenity-dense Urban Core with a deep renter base points to durable leasing fundamentals; according to WDSuite’s CRE market data, elevated ownership costs in the neighborhood tend to support rental demand.
Located at 62 Clermont Ave in Brooklyn’s Urban Core, the property benefits from one of the metro’s stronger neighborhood profiles (top quartile among 889 metro neighborhoods), with daily needs well covered by parks, restaurants, groceries, pharmacies, and cafes that rank in the top tier nationally. This concentration of amenities supports resident convenience and helps underpin lease retention.
The property’s 2006 construction is newer than the neighborhood’s older housing stock, which typically dates to the early postwar era. For investors, that relative vintage can reduce near-term capital expenditure exposure versus older competitors while still allowing targeted upgrades to drive rent premiums where warranted.
Neighborhood schools rate above national averages, and demographic fundamentals are favorable: within a 3-mile radius, population and households have been expanding and are projected to continue growing, indicating a larger tenant base over time. Household sizes are trending smaller, which often supports steady demand for studio and one-bedroom units similar to this property’s average unit sizing.
Renter-occupied share in the neighborhood is high, signaling depth in the multifamily tenant pool and supporting demand stability. While neighborhood occupancy is closer to the metro’s middle of the pack rather than its top tier, elevated home values and a high-cost ownership market in this part of Kings County help sustain reliance on rental housing, which can aid pricing power and lease-up velocity.
Safety metrics for the neighborhood sit around the metro median but rank low versus neighborhoods nationwide. Recent readings show year-over-year declines in both violent and property offenses, indicating incremental improvement, though investors should underwrite with conservative assumptions and active asset management around building security and resident experience.
Proximity to major finance and insurance employers supports workforce housing demand and commuter convenience, including AIG, S&P Global, Guardian Life, AmTrust Financial Services, and Assurant.
- AIG — insurance (1.9 miles) — HQ
- S&P Global — financial services (2.0 miles) — HQ
- Guardian Life Ins. Co. of America — insurance (2.1 miles) — HQ
- Amtrust Financial Services — insurance (2.1 miles) — HQ
- Assurant — insurance (2.2 miles) — HQ
62 Clermont Ave offers a relatively newer 2006 vintage in an amenity-rich Brooklyn neighborhood where renter concentration and high ownership costs support a stable tenant base. According to CRE market data from WDSuite, neighborhood occupancy trends are broadly in line with national norms, while home values and incomes in the area support rent levels without outsized affordability pressure compared with many coastal submarkets.
Forward-looking demand signals within a 3-mile radius—population growth, more households, and smaller average household sizes—suggest ongoing renter pool expansion. The property’s positioning versus older local stock can support competitive leasing today and targeted value-add upgrades over time, balanced against prudent underwriting for neighborhood safety and economic sensitivity.
- Amenity-dense Urban Core location with top-tier access to daily needs, supporting retention
- 2006 construction offers relative CapEx advantages versus older neighborhood stock
- High renter concentration and elevated ownership costs reinforce multifamily demand
- 3-mile radius shows expanding population and households, pointing to a larger tenant base
- Risks: safety metrics trail national levels and occupancy is mid-pack metro-wide; underwrite conservatively