| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 37th | Poor |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 110 Broadway, Brooklyn, NY, 11249, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2008 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
110 Broadway Brooklyn NY Multifamily Investment Thesis
Neighborhood fundamentals signal durable renter demand with occupancy around the national mid-to-upper range and a deep renter-occupied housing base, according to WDSuite’s CRE market data. Strong urban-core amenities help support leasing resilience, while pricing should be managed with attention to local affordability pressure.
Rated A- and ranked 137th of 889 neighborhoods in the New York–Jersey City–White Plains metro, this Urban Core location is competitive among metro peers and sits in the top quartile locally. Amenity access is a differentiator: grocery, parks, pharmacies, cafes, and restaurants all benchmark in the top national percentiles, supporting renter convenience and day-to-day livability for residents.
The renter-occupied share of housing in the neighborhood is very high (top national percentile), indicating a large tenant base that can support multifamily absorption and renewal stability. Neighborhood occupancy trends are near the national middle but slightly above the median, suggesting steady leasing with typical seasonality rather than outsized volatility. Median contract rents benchmark high nationally, implying pricing power, yet operators should calibrate renewal strategies given elevated rent-to-income ratios in the area.
Within a 3-mile radius, demographics point to a larger tenant base over time: population and households have grown in recent years, and forecasts through 2028 indicate further population growth and a notable increase in households. Household sizes are trending smaller, which can translate into continued demand for smaller unit types and studios, aligning with the property’s average unit size profile. These dynamics generally support occupancy stability and ongoing leasing velocity.
Home values index among the highest nationally, and the value-to-income ratio is also elevated. In practice, this high-cost ownership market tends to reinforce reliance on rental housing and can support retention for well-located apartments. School ratings benchmark below national averages, which may be less critical for smaller-unit inventory but is worth monitoring for broader family appeal.
Vintage context: the asset was built in 2010, newer than the neighborhood’s average vintage (around 1980). That relative youth can provide competitive positioning versus older stock, while investors should still plan for typical mid-life capital items and selective modernization to sustain rent positioning.
Safety benchmarks are mixed compared with national norms. Overall crime sits below the national median for safety, with violent and property offense rates testing on the less favorable side of national comparisons. However, according to WDSuite’s CRE market data, both violent and property offense estimates show year-over-year improvement, indicating recent directional gains rather than deterioration.
At the metro level (889 neighborhoods), the area performs around the middle of the pack. For investors, this typically means standard operating safeguards, lighting, access control, and resident engagement programs remain important parts of asset management rather than requiring extraordinary measures. Always assess block-by-block conditions during diligence, as safety can vary within short distances in dense urban cores.
Proximity to a diversified employment base in Lower Manhattan and nearby Brooklyn supports weekday traffic and leasing depth, particularly for professionals in technology, utilities, and financial services. The following employers concentrate within a roughly 2–2.5 mile commute, underpinning demand and potential retention.
- Yahoo — media & technology (1.99 miles)
- Con Edison Distribution Engineering — utilities (2.05 miles)
- Consolidated Edison — utilities (2.06 miles) — HQ
- AIG — insurance & financial services (2.13 miles) — HQ
- AmTrust Financial Services — financial services (2.26 miles) — HQ
110 Broadway offers a 2010 vintage in an A- rated, amenity-rich Urban Core setting where the renter-occupied share is among the highest nationally. Based on CRE market data from WDSuite, neighborhood occupancy trends are steady and supported by dense amenities and strong access to jobs across Brooklyn and Lower Manhattan. Elevated home values and ownership costs in the area typically sustain reliance on rental housing, which can aid renewal capture and pricing power when paired with disciplined lease management.
Within a 3-mile radius, population and households have expanded and are projected to rise further, implying a larger tenant base and ongoing demand for smaller formats. The 2010 construction is newer than much of the surrounding stock, which can help positioning versus older inventory; investors should still plan for mid-life systems updates and targeted unit refreshes to keep competitive against new deliveries.
- Deep renter base in an A- rated Urban Core with steady neighborhood occupancy
- Amenity density and nearby employment hubs support leasing velocity and retention
- 2010 vintage offers relative competitive edge versus older stock, with value-add via selective modernization
- High ownership costs reinforce rental reliance and can support pricing power
- Risks: affordability pressure (high rent benchmarks), mixed school ratings, and typical Urban Core safety considerations