| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Fair |
| Demographics | 95th | Best |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 67 Livingston St, Brooklyn, NY, 11201, US |
| Region / Metro | Brooklyn |
| Year of Construction | 1987 |
| Units | 22 |
| Transaction Date | 2007-03-26 |
| Transaction Price | $18,600,000 |
| Buyer | 67 LIVINGSTON LLC |
| Seller | GC LIVINGSTON LLC |
67 Livingston St Brooklyn Multifamily Investment Opportunity
Well-located 22-unit asset in an amenity-dense pocket of Brooklyn where elevated ownership costs support durable renter demand, according to WDSuite’s CRE market data. Neighborhood occupancy trends are steady and a deep, high-income renter base underpins leasing resilience.
This Urban Core neighborhood scores A+ overall and ranks 29th among 889 metro neighborhoods, placing it firmly in the top tier locally. Amenities are a standout: cafes, restaurants, parks, groceries, and pharmacies all sit near the top of national distributions, signaling strong daily convenience and lifestyle appeal for renters. Schools benchmark at the top of the nation, which can enhance long-term leasing stability for family-oriented tenants.
Rents and occupancy reflect a prime, high-demand location. Neighborhood occupancy is below the national median but has been broadly stable over the past five years, suggesting balanced supply–demand dynamics rather than distress. Median contract rents are among the highest nationally, and the median rent-to-income ratio sits below typical coastal levels, which can moderate affordability pressure and support retention strategies for professionally managed assets.
Tenure patterns indicate depth in the renter pool: within a 3-mile radius, approximately three-quarters of housing units are renter-occupied. This renter concentration supports consistent multifamily absorption and a broad tenant base for a 22-unit property. Demographically, 3-mile aggregates show recent population and household growth with projections for further household expansion, implying a larger tenant base and reinforcing occupancy stability over the medium term.
Home values in the immediate neighborhood are elevated relative to national norms. In investor terms, this high-cost ownership market tends to sustain reliance on multifamily housing and can bolster pricing power, while still requiring careful lease management to balance rent growth with retention.
Safety compares less favorably at the national level. Overall crime benchmarks below the national median for safety, and both violent and property offense rates sit in lower national percentiles, indicating comparatively higher incident rates than many U.S. neighborhoods. Within the New York–Jersey City–White Plains metro context, the neighborhood’s crime rank is on the less favorable side of the spectrum among 889 neighborhoods.
Recent directionality is constructive: estimated property offense and violent offense rates have declined year over year. For investors, the key takeaway is to underwrite security and operating practices accordingly while noting the improving trend and strong amenity and income fundamentals that support demand.
Proximity to major finance and professional services employers supports a deep, well-compensated renter base and convenient commutes, aiding leasing and retention for workforce and executive renters. Nearby anchors include S&P Global, AIG, Guardian Life, Robert Half, and AmTrust Financial Services.
- S&P Global — financial information services (1.2 miles) — HQ
- Aig — insurance (1.2 miles) — HQ
- Guardian Life Ins. Co. of America — insurance (1.3 miles) — HQ
- Robert Half International — professional staffing (1.3 miles)
- Amtrust Financial Services — insurance (1.4 miles) — HQ
67 Livingston St was built in 1987, newer than much of the surrounding housing stock. That vintage can offer relative competitiveness versus older properties while still warranting capital planning for aging systems and targeted modernization to support rent positioning. Elevated neighborhood home values and a highly amenitized environment create durable multifamily demand, with a large renter base and strong household incomes supporting occupancy and renewal outcomes.
Within a 3-mile radius, population and household growth point to a larger tenant base over the next several years, which supports leasing stability for a 22-unit asset. Neighborhood occupancy has been broadly steady, and, according to commercial real estate analysis from WDSuite, rent levels and income dynamics suggest pricing power is present but should be balanced with proactive retention and lease management.
- Newer 1987 vintage versus area average, with modernization potential to enhance positioning
- High-cost ownership market reinforces renter reliance on multifamily housing
- Amenity-rich location and top-tier schools support retention and leasing velocity
- Deep 3-mile renter base and projected household growth support occupancy stability
- Risks: safety benchmarks below national median and CapEx for 1980s systems require underwriting