| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 58th | Fair |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 101 Troutman St, Brooklyn, NY, 11206, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2007 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
101 Troutman St, Brooklyn Multifamily Investment
Renter demand is deep and occupancy in the surrounding neighborhood has remained comparatively stable, according to WDSuite’s CRE market data, supporting durable cash flow for well-located assets in this Urban Core pocket of Brooklyn.
The property sits in an Urban Core neighborhood rated A and ranked in the top quartile among 889 metro neighborhoods, per WDSuite. Local fundamentals favor multifamily: the neighborhood’s renter-occupied share is very high, indicating a broad tenant base and consistent leasing velocity. Elevated home values at the neighborhood level point to a high-cost ownership market that tends to sustain reliance on rentals and support pricing power for competitive product.
Amenity access is a clear strength. Neighborhood counts for restaurants, groceries, parks, pharmacies, and cafés rank near the top nationally, reinforcing daily convenience and live-work optionality that helps with retention. Average school ratings in the area trend below national norms, which suggests family-driven demand may be less of the primary driver than young professionals and roommate households typical of dense Brooklyn submarkets.
Occupancy for the neighborhood is competitive among New York-Jersey City-White Plains neighborhoods and has trended upward over the last five years, based on CRE market data from WDSuite. Median contract rents in the neighborhood sit in the upper tier nationally with multi-year growth, signaling continued willingness to pay for well-amenitized, well-managed units. The average construction year for nearby stock skews older than 1960, so 2000s-vintage buildings often compete well against aging inventory while still benefitting from selective modernization.
Within a 3-mile radius, population and household counts have grown and are projected to expand further, while average household size edges lower. For investors, that combination typically enlarges the renter pool and supports occupancy stability, with smaller households reinforcing demand for studios and one-bedrooms alongside roommate arrangements in larger floorplans.
Safety indicators for the neighborhood track below national benchmarks, but trends have improved year over year. Within the New York-Jersey City-White Plains metro, the neighborhood’s overall crime rank places it competitive among 889 neighborhoods, while recent declines in both violent and property offense estimates suggest conditions are moving in a favorable direction. Investors should emphasize standard security, lighting, and access controls to support tenant retention and underwriting assumptions.
Proximity to major corporate offices supports a sizable commuter tenant base and underpins weekday leasing stability for workforce-oriented units. Nearby employers include JetBlue Airways, Yahoo, Con Edison (including Distribution Engineering), Consolidated Edison, and AIG.
- Jetblue Airways — airlines HQ and corporate functions (3.6 miles) — HQ
- Yahoo — technology/media offices (3.9 miles)
- Con Edison Distribution Engineering — utilities engineering offices (3.9 miles)
- Consolidated Edison — utilities corporate offices (3.9 miles) — HQ
- Aig — insurance corporate offices (4.0 miles) — HQ
101 Troutman St was built in 2007, newer than much of the surrounding housing stock. That vintage can provide a competitive edge versus mid-century buildings while still leaving room for targeted modernization to lift rent positioning. The neighborhood’s renter concentration is high and occupancy has remained resilient, with strong amenity density that supports retention and lease-up. Elevated ownership costs at the neighborhood level reinforce reliance on multifamily rentals and can enhance pricing power for well-run assets.
Within a 3-mile radius, population and households have grown and are projected to continue expanding, effectively broadening the tenant base and supporting occupancy stability. According to CRE market data from WDSuite, neighborhood-level rents are in the upper tier nationally while rent-to-income signals warrant attentive lease management, suggesting thoughtful renewal strategies and unit mix positioning will matter. Overall, the thesis here skews toward steady demand with value-add potential via selective upgrades and operational execution.
- 2007 vintage competes well against older local stock, with selective modernization upside
- High renter-occupied share and competitive neighborhood occupancy support leasing stability
- Amenity-rich Urban Core location underpins retention and tenant demand
- Elevated ownership costs in the area sustain reliance on rental housing
- Risk: below-national safety benchmarks and rent-to-income pressures call for disciplined operations