| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 56th | Fair |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 92 Mother Gaston Blvd, Brooklyn, NY, 11233, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2007 |
| Units | 50 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
92 Mother Gaston Blvd Brooklyn Multifamily Investment
Near-term leasing benefits from a deep renter base and neighborhood occupancy that trends above national norms, according to WDSuite’s CRE market data. Newer 2008 construction stands competitively against older area stock, supporting retention and modest pricing power.
Situated in Brooklyn’s Urban Core, the property benefits from a neighborhood rated A and ranked 86 out of 889 within the New York-Jersey City-White Plains, NY-NJ metro—competitive among metro neighborhoods. Amenity access is a clear strength, with neighborhood amenities performing in the high national percentiles, reinforcing day-to-day convenience that supports renter satisfaction and retention.
The area skews renter-oriented: neighborhood renter-occupied housing share is elevated, indicating depth of tenant demand for multifamily. At the same time, neighborhood occupancy is solid and above national averages, which supports income stability for professionally managed assets in similar locations (based on CRE market data from WDSuite).
Within a 3-mile radius, household counts have grown in recent years and are projected to continue expanding, while average household size trends down. This points to a larger tenant base and sustained demand for smaller formats, which aligns with the property’s average unit size. Median home values in the neighborhood are high in national context, a typical dynamic in Brooklyn that tends to reinforce reliance on rental housing and can aid lease retention.
The property’s 2008 vintage is newer than much of the surrounding housing stock, which is predominantly pre-war. This positioning can be competitive versus older inventory; investors should still plan for normal mid-life system upgrades or targeted modernization to maintain leasing velocity.
Schools in the vicinity register around the middle of national performance, and dense retail, grocery, pharmacies, parks, and cafes nearby enhance livability for residents. Overall, neighborhood and demographic trends point to durable renter demand relative to both metro and national CRE trends.
Safety indicators for the neighborhood track below national averages, with crime measures that are weaker in national percentile terms. However, recent year-over-year trends show declines in both violent and property offense rates, suggesting directional improvement. Compared within the metro, the neighborhood’s crime rank sits competitive among New York-Jersey City-White Plains, NY-NJ neighborhoods (ranked 373 out of 889), underscoring that local context and continued monitoring matter.
Investors should underwrite with conservative assumptions, leverage professional property management, and track ongoing trend lines rather than single-year readings. Positioning on active, amenitized corridors and standard security measures can support leasing and retention in this context.
Nearby corporate anchors across insurance, airlines, and financial information help sustain a large commuter workforce, supporting renter demand and lease retention. Notable employers include Prudential, JetBlue Airways, AIG, S&P Global, and Guardian Life Insurance.
- Prudential — insurance (3.1 miles)
- Jetblue Airways — airline (5.2 miles) — HQ
- Aig — insurance (5.4 miles) — HQ
- S&P Global — financial information (5.6 miles) — HQ
- Guardian Life Ins. Co. of America — insurance (5.6 miles) — HQ
This 50-unit asset at 92 Mother Gaston Blvd aligns with durable renter demand drivers: a renter-heavy neighborhood, solid neighborhood occupancy, and strong amenity density that supports day-to-day convenience. According to CRE market data from WDSuite, the neighborhood’s income performance for multifamily (as reflected by NOI per unit metrics at the neighborhood level) tracks in high national percentiles, consistent with stable utilization in well-located urban Brooklyn micro-markets.
Built in 2008, the property is newer than the surrounding pre-war stock, offering competitive positioning and potential to command steady leasing versus older comparables. Within a 3-mile radius, population and households have increased and are projected to expand further, implying a larger tenant base over time. Key underwriting considerations include managing renter affordability and acknowledging below-average national safety percentiles, balanced by recent year-over-year improvement in reported offense rates and strong employment access.
- Renter-heavy neighborhood and above-average occupancy support income stability
- 2008 vintage competitive versus older area stock; plan for targeted mid-life upgrades
- Strong amenity access and proximity to major employers bolster leasing velocity
- Demographic growth within 3 miles expands the tenant base and supports retention
- Risks: below-national safety percentiles and renter affordability pressure; mitigate via management and conservative underwriting