| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Best |
| Demographics | 60th | Fair |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1086 Broadway, Brooklyn, NY, 11221, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2009 |
| Units | 29 |
| Transaction Date | 2008-07-29 |
| Transaction Price | $950,000 |
| Buyer | AML BROADWAY LLC |
| Seller | 1079 BROADWAY REALTY CORP |
1086 Broadway, Brooklyn — 29-Unit Multifamily Opportunity
Amenity-dense Urban Core location and a high renter concentration in the surrounding neighborhood point to durable tenant demand, according to WDSuite’s CRE market data.
Located in Brooklyn’s Urban Core, the property sits in a neighborhood with strong daily-life infrastructure. Grocery, dining, and cafe density rank among the highest nationally, and park and pharmacy access are similarly robust. For investors, this concentration of amenities typically supports leasing velocity and retention.
Neighborhood-level multifamily fundamentals are steady. Occupancy has remained in a healthy range in recent years, and the share of housing units that are renter-occupied is high relative to neighborhoods nationwide, indicating a deep tenant base and consistent absorption potential.
Within a 3-mile radius, population and household counts have increased over the past five years, with forecasts calling for further growth and smaller average household sizes. This points to a larger renter pool and sustained demand for smaller formats over the medium term. Median household incomes in the area have also trended upward, which can support rent levels without relying solely on in-migration.
Ownership is a high-cost proposition nearby, with elevated home values by national standards. In practice, that environment tends to reinforce renter reliance on multifamily housing and can bolster renewal rates and pricing power when paired with competitive product. School ratings in the neighborhood are below national averages, which may modestly limit family-oriented demand, but the area’s amenity access and employment connectivity remain compelling. These takeaways are grounded in commercial real estate analysis using WDSuite as the underlying data source.
The property’s 2009 construction is newer than most local housing stock, which skews prewar. Relative to older buildings common in the area, a 2009 vintage can be competitively positioned for renters seeking modern systems and finishes, while investors should still plan for mid-life building systems and selective modernization to sustain performance.
Safety metrics at the neighborhood level indicate higher crime rates than the national average, particularly for violent offenses. Recent year-over-year trends, however, show double-digit declines in both violent and property offense estimates, suggesting improvement momentum. These figures are measured at the neighborhood scale and should be considered in context with property-level security measures and tenant profile.
Within the New York–Jersey City–White Plains metro, the neighborhood does not sit in the top tier for safety but has shown directionally positive movement. Investors typically account for this by calibrating operating practices, lighting and access controls, and by emphasizing proximity to transit and amenities that support activity throughout the day.
Nearby employment anchors include major airlines, insurers, utilities, and media/technology offices, supporting a broad white-collar and operations workforce and commute convenience that can underpin renter demand and lease stability.
- JetBlue Airways — airline (3.9 miles) — HQ
- AIG — insurance (4.0 miles) — HQ
- Yahoo — media & technology offices (4.1 miles)
- Con Edison Distribution Engineering — utilities engineering offices (4.1 miles)
- Consolidated Edison — utilities (4.1 miles) — HQ
1086 Broadway combines a 2009 vintage with a small-unit mix (average size near 400 square feet), aligning with renter preferences in amenity-rich, transit-connected Brooklyn neighborhoods. The surrounding area shows high renter concentration and resilient occupancy, while elevated ownership costs help sustain multifamily demand and renewal propensity. Based on CRE market data from WDSuite, the neighborhood’s amenity depth and upward income trends support ongoing leasing fundamentals.
For investors, the asset’s relative youth versus the predominantly prewar local stock can be a competitive differentiator, though mid-life systems and selective upgrades should be anticipated to maintain positioning. Safety metrics trail national averages but are improving, and school quality below national norms may temper some family demand; these factors can be mitigated with targeted operations and by focusing on renter cohorts drawn by convenience and access.
- Amenity-dense Urban Core location supports leasing velocity and retention.
- High renter-occupied share indicates a deep tenant base and stable absorption.
- 2009 vintage offers competitive positioning versus older neighborhood stock; plan for mid-life system capex.
- Elevated ownership costs reinforce reliance on rentals, aiding renewal rates and pricing power.
- Risks: safety below national averages and lower school ratings; operational focus and tenant targeting can mitigate.