| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 78th | Best |
| Amenities | 100th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 110 4th Ave, Brooklyn, NY, 11217, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2007 |
| Units | 50 |
| Transaction Date | 2003-08-19 |
| Transaction Price | $500,000 |
| Buyer | TONACCHIO DOMENICK |
| Seller | ENGLAND ROBIN B |
110 4th Ave Brooklyn Multifamily Investment
Renter demand is deep in this urban core neighborhood, with neighborhood occupancy and renter-occupied share supporting stable leasing fundamentals, according to WDSuite’s CRE market data. The investment angle centers on durable demand and high-amenity density rather than short-term momentum.
Located in Brooklyn within the New York Jersey City White Plains metro this urban core neighborhood rates A+ and is competitive among the metro s 889 neighborhoods (ranked 32), per WDSuite. Amenity access is a standout: cafes, restaurants, groceries, parks, and pharmacies all sit in the highest national percentiles, supporting resident convenience and lease retention for multifamily assets.
The housing stock skews renter-occupied at the neighborhood level (high renter concentration, 97th percentile nationally), which signals a broad tenant base for multifamily operators. Neighborhood occupancy is modestly above the national median and has trended upward over the past five years, a backdrop that generally supports income stability for professionally managed properties.
Within a 3-mile radius, population and households have grown and are projected to continue rising, with smaller average household sizes over time. This points to a larger tenant base and steady absorption potential, which can support occupancy and rent roll durability for well-located assets.
Home values in the neighborhood are elevated relative to national benchmarks and local incomes, a combination that tends to reinforce renter reliance on multifamily housing. Median contract rents at the neighborhood level are also high but underpinned by strong household incomes, keeping rent-to-income levels in a range that supports collections and reduces turnover risk for competitive properties.
Average neighborhood construction vintage is older, while this asset s 2007 delivery is newer than the local norm. Newer vintage can enhance competitive positioning versus older stock; investors should still plan for mid-life system refreshes and modernization to sustain pricing power.
Compared with neighborhoods nationwide, safety indicators in this area track below the national median; investors should underwrite with prudent security, insurance, and operating assumptions. Notably, recent year-over-year trends show double-digit declines in both property and violent offense rates, indicating improving momentum, based on WDSuite s CRE market data.
As always, safety conditions vary by block and over time; investors typically validate on-the-ground patterns, daypart activity, and building-level controls as part of standard diligence.
Proximity to a dense cluster of corporate offices supports commuter convenience and broad white-collar renter demand. Key employers within roughly three miles include Dr Pepper Snapple Group, S&P Global, AIG, Guardian Life, and Robert Half.
- Dr Pepper Snapple Group corporate offices (1.95 miles)
- S&P Global corporate offices (2.13 miles) HQ
- Aig corporate offices (2.16 miles) HQ
- Guardian Life Ins. Co. of America corporate offices (2.19 miles) HQ
- Robert Half International corporate offices (2.26 miles)
The case for 110 4th Ave centers on durable renter demand in a top-performing Brooklyn neighborhood and a property vintage that outcompetes older local stock. Neighborhood occupancy sits modestly above national benchmarks, renter concentration is high, and amenity density is exceptional a combination that typically supports retention and pricing for well-managed multifamily assets. Elevated neighborhood home values further sustain reliance on rental housing, while rent-to-income levels suggest headroom for collections discipline, based on commercial real estate analysis from WDSuite.
Built in 2007, the asset benefits from a newer-than-average vintage in a market where many buildings date to mid-century, improving competitive positioning against older comparables. Within a 3-mile radius, population and households have grown and are projected to rise further, pointing to a larger tenant base and support for occupancy stability over the medium term. Investors should still plan for routine mid-life capital items to maintain leasing momentum.
- High renter concentration at the neighborhood level supports deep tenant demand and lease-up resilience.
- Newer 2007 vintage offers competitive positioning versus older local stock with potential to command premium finishes.
- Exceptional amenity access (food, parks, services) reinforces retention and reduces frictional vacancy.
- Strong income profile in the area supports collections and measured rent growth strategies.
- Risk: Safety metrics track below national medians; prudent operating controls and underwriting are advised.