| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 58th | Fair |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 101 Humboldt St, Brooklyn, NY, 11206, US |
| Region / Metro | Brooklyn |
| Year of Construction | 1972 |
| Units | 53 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
101 Humboldt St, Brooklyn NY Multifamily Investment
Renter demand in this Urban Core pocket of Brooklyn is supported by high neighborhood occupancy and depth of renter-occupied housing, according to WDSuite’s CRE market data. The property’s location favors leasing stability while offering potential to capture premium urban amenities-driven demand.
The neighborhood surrounding 101 Humboldt St rates in the top quartile among 889 metro neighborhoods (overall A), signaling strong urban fundamentals for multifamily investors. Amenity access is a clear strength, with restaurants, groceries, parks, and pharmacies ranking near the top nationally—conditions that tend to support leasing velocity and resident retention.
Occupancy in the neighborhood is 96.6% and has edged higher over the past five years, placing it above the metro median by rank, based on CRE market data from WDSuite. The area also shows a very high share of renter-occupied housing units (89.5%), indicating a deep tenant base and consistent demand for professionally managed apartments rather than ownership product.
Within a 3-mile radius, population and household counts have grown in recent years and are projected to continue rising, expanding the renter pool and supporting occupancy stability. Median household incomes have trended up, while the rent-to-income ratio sits on the lower end nationally for dense coastal submarkets—favorable for lease management and renewal prospects.
Home values in the neighborhood are elevated versus national norms, reinforcing renter reliance on multifamily housing and supporting pricing power when units are well-located and maintained. School ratings trend below national averages, which can shape unit-mix strategy toward singles and roommate households typical of transit-served Urban Core locations.
Safety trends should be evaluated thoughtfully. The neighborhood’s crime rank is 353 among 889 metro neighborhoods, and national percentiles indicate a lower safety standing versus many U.S. neighborhoods. That said, recent year-over-year estimates show declines in both violent offenses (-14.9%) and property offenses (-16.1%), suggesting directionally improving conditions. Investors should underwrite with current, property-level security measures and consider how building operations (access control, lighting, and staffing) can support resident comfort.
Proximity to major corporate offices supports a large commuter renter base and can aid retention, with notable employers concentrated within roughly 3–4 miles including JetBlue Airways, Consolidated Edison, AIG, Netflix, and Verizon Communications.
- JetBlue Airways — airline HQ (3.17 miles) — HQ
- Consolidated Edison — utilities (3.19 miles) — HQ
- AIG — insurance (3.36 miles) — HQ
- Netflix — media & production offices (3.42 miles)
- Verizon Communications — telecommunications (3.44 miles)
Built in 1972, the asset is somewhat newer than the neighborhood’s older housing stock, offering relative competitiveness while still warranting capital planning for aging systems and potential value-add upgrades. The Urban Core location benefits from high neighborhood occupancy and a very large share of renter-occupied units, which supports rent roll durability as households favor professionally managed apartments in a high-cost ownership market.
Household and population growth within 3 miles point to a larger tenant base over the next few years, reinforcing leasing stability. Elevated amenity density, strong income trends, and proximity to major employers position the asset to capture demand, while school ratings and safety considerations warrant conservative underwriting and active operations. According to commercial real estate analysis from WDSuite, neighborhood-level operating indicators and amenity access compare favorably versus national benchmarks, supporting a long-term, hold-oriented thesis.
- High neighborhood occupancy and deep renter-occupied housing base support demand durability
- 1972 vintage offers value-add and systems modernization potential against older local stock
- Dense amenity environment and nearby employers drive leasing velocity and retention
- Elevated ownership costs bolster reliance on rentals, supporting pricing power for well-located units
- Risks: below-average school ratings and safety metrics require focused asset management and thoughtful underwriting