| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 82nd | Best |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 65 Maspeth Ave, Brooklyn, NY, 11211, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2004 |
| Units | 23 |
| Transaction Date | 2022-01-27 |
| Transaction Price | $15,425,000 |
| Buyer | EWP 65 MASPETH LLC |
| Seller | 65 TRYLINE LLC |
65 Maspeth Ave, Brooklyn Multifamily Investment
Neighborhood fundamentals point to durable renter demand and occupancy stability, according to WDSuite’s CRE market data. Investor takeaway: this Urban Core pocket shows strong amenity access and a deep renter-occupied base measured at the neighborhood level.
65 Maspeth Ave sits within an Urban Core neighborhood in Brooklyn ranked 7th among 889 metro neighborhoods and rated A+, signaling competitive positioning within the New York–Jersey City–White Plains region. Amenity access is a clear strength: the area is competitive among metro peers and in the top quartile nationally for retail, cafes, restaurants, groceries, and parks, supporting walkable living and renter appeal (based on CRE market data from WDSuite).
Rental performance at the neighborhood level is solid, with occupancy trending above many U.S. neighborhoods and stable over recent years. The share of renter-occupied housing units is high (top national tier), indicating a large tenant base and depth for leasing. Median contract rents benchmark toward the high end locally, but neighborhood rent-to-income metrics suggest manageable affordability pressure for the area’s income profile—an advantage for retention and renewal strategy.
Home values in this neighborhood are elevated (top national tier), which typically sustains reliance on multifamily rentals and can support pricing power without relying on rapid in-migration. Average school ratings are around the national median; while not a primary draw, they are unlikely to be a material headwind for typical urban renter profiles.
Demographic indicators aggregated within a 3-mile radius show population growth over the last five years and projections for further increases in both population and households. The combination of rising household counts and a gradual decrease in average household size points to a larger renter pool and continued demand for well-located smaller units. The property’s 2005 vintage is newer than the neighborhood’s older average stock (1970s), which can enhance competitive positioning while still warranting targeted capital planning for systems and common-area modernization as needed.
Safety trends should be evaluated in context. The neighborhood’s crime metrics are weaker than national norms, placing it below the national median; however, recent year-over-year readings indicate improvement, with both violent and property offense rates moving down. Within the New York–Jersey City–White Plains metro, the area sits around the middle of the pack among 889 neighborhoods, so investors should underwrite with standard urban risk assumptions and consider common-area security, lighting, and access controls to support leasing and retention.
Proximity to major employers strengthens weekday demand and supports retention for residents prioritizing short commutes. The immediate area is anchored by airlines, utilities, insurance, and telecom offices noted below.
- Jetblue Airways — airlines (2.4 miles) — HQ
- New York Life Insurance Company — insurance (2.8 miles)
- Con Edison Distribution Engineering — utilities engineering (2.8 miles)
- Consolidated Edison — utilities (2.8 miles) — HQ
- Verizon Communications — telecom (2.8 miles)
65 Maspeth Ave is a 23-unit asset built in 2005, positioned in a high-performing Brooklyn neighborhood with top-tier amenity access and a deep renter-occupied housing base. The property’s newer vintage versus the area’s older housing stock can provide competitive differentiation with thoughtful capital planning. At the neighborhood level, occupancy is resilient and supported by elevated ownership costs that tend to sustain rental demand. Within a 3-mile radius, rising household counts and a smaller average household size point to a larger tenant base for smaller-format units.
According to CRE market data from WDSuite, neighborhood rents benchmark on the higher side but are balanced by income trends that help manage affordability pressure, supporting renewal velocity and rent roll durability. Safety metrics remain an underwriting consideration, though recent improvements and strong employer access bolster leasing prospects typical of Urban Core submarkets.
- 2005 construction offers relative competitiveness vs. older local stock, with targeted modernization upside
- Strong amenity density and walkability support demand and lease retention
- Deep renter-occupied housing base and resilient neighborhood occupancy underpin stability
- Household growth within 3 miles expands the tenant base for smaller units
- Risk: Below-national-median safety profile warrants standard urban security measures and conservative underwriting