| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 37th | Poor |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 80 Skillman St, Brooklyn, NY, 11205, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2002 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
80 Skillman St Brooklyn Multifamily Investment
Newer 2002 construction in a renter-heavy Brooklyn neighborhood supports durable tenant demand, according to WDSuite’s CRE market data. Elevated ownership costs locally further sustain multifamily leasing momentum.
This Urban Core location rates A- overall and is competitive among New York-Jersey City-White Plains metro neighborhoods, landing in the top quartile among 889 metro neighborhoods. Dense amenity access stands out: grocery, parks, pharmacies, cafes, and restaurants all index in the high-90s nationally, reinforcing walkable convenience that tends to aid retention and lease-up for multifamily assets.
Occupancy in the surrounding neighborhood trends slightly above the national midpoint (national 57th percentile), while the share of housing units that are renter-occupied is high at the neighborhood level (near the top of peer areas), indicating a deep tenant base for apartments rather than ownership. Median home values in the neighborhood are elevated relative to national norms, which helps sustain reliance on rental housing and can support pricing power for well-positioned assets.
Within a 3-mile radius, demographics show population growth over the last five years with households expanding at a faster pace, pointing to smaller household sizes and a larger tenant pool for apartments. Looking ahead to 2028, WDSuite’s CRE market data indicates continued population growth and a meaningful increase in households, which typically supports occupancy stability and absorption for multifamily.
Rent levels in the neighborhood and broader 3-mile area have increased materially over the past five years, aligning with strong amenity access and high-cost ownership dynamics. One cautionary note is school quality, which tracks below national averages; owners may lean more on lifestyle positioning and commute convenience than school-driven demand.
Safety indicators are mixed. The neighborhood’s overall safety profile tracks below the national midpoint (crime national percentile around the mid-40s), with violent and property offense rates sitting below national averages for safety. However, recent year-over-year trends show improvement, with both violent and property offense estimates declining meaningfully, according to WDSuite’s CRE market data.
Compared with other areas in the New York-Jersey City-White Plains metro, the neighborhood is not among the safest, but the directional improvement is constructive for long-term operations and resident retention. Owners should incorporate prudent security measures and thoughtful property management to support leasing and renewals.
Nearby insurance and financial services anchors within roughly 3 miles, including AIG, S&P Global, AmTrust Financial Services, Guardian Life, and Assurant, provide a strong white-collar employment base that supports renter demand and commute convenience for residents.
- AIG — insurance (2.6 miles) — HQ
- S&P Global — financial information & ratings (2.8 miles) — HQ
- AmTrust Financial Services — insurance (2.8 miles) — HQ
- Guardian Life Ins. Co. of America — insurance (2.8 miles) — HQ
- Assurant — insurance (2.8 miles) — HQ
80 Skillman St offers 2002 vintage construction in a renter-dense Brooklyn neighborhood where elevated ownership costs reinforce reliance on multifamily housing. According to CRE market data from WDSuite, neighborhood occupancy is around the national midpoint while renter-occupied share is high, suggesting a broad tenant base; strong amenity density further supports leasing and retention.
The 2002 vintage is newer than the neighborhood’s average 1980 stock, providing a competitive edge versus older buildings while still allowing room for targeted modernization as systems age. Demographic indicators aggregated within a 3-mile radius point to recent population growth and a projected increase in households, which can support occupancy stability and rent performance over a multi-year hold. Key watch items include below-average safety readings and rent-to-income pressure typical of high-cost ownership markets, warranting disciplined leasing and renewal strategies.
- Renter-heavy area with strong amenity density supports deep tenant base and leasing stability.
- 2002 construction competitive versus older local stock, with value-add potential via modernization.
- High-cost ownership environment reinforces rental demand and pricing power for well-positioned assets.
- 3-mile demographics show past and projected growth in households, supporting long-term absorption.
- Risks: safety metrics below national averages and affordability pressure require disciplined management.