| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Good |
| Demographics | 43rd | Poor |
| Amenities | 97th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 110 Rochester Ave, Brooklyn, NY, 11233, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2012 |
| Units | 107 |
| Transaction Date | 2012-01-20 |
| Transaction Price | $2,000,000 |
| Buyer | BEREAN APARTMENTS HOUSING DEVELOPMENT FU |
| Seller | THE BEREAN BAPTIST CHURCH OF THE NINTH W |
110 Rochester Ave, Brooklyn NY Multifamily Investment
Neighborhood fundamentals point to resilient renter demand and steady occupancy, according to WDSuite’s CRE market data. Newer construction for the area supports competitive positioning while the local renter base provides depth for leasing.
This Urban Core neighborhood ranks in the top quartile among 889 metro neighborhoods (A- overall), signaling strong comparative fundamentals for investors. Amenity access is a clear advantage, with groceries, parks, restaurants, and pharmacies placing in the upper percentiles nationally, which can support resident retention and day-to-day convenience.
The property’s 2012 vintage is newer than the area’s older housing stock (average vintage around 1940), suggesting relative competitiveness versus legacy inventory and potentially lower near-term capital needs. Some systems will still age into standard replacement cycles over the hold period, so investors should plan capital accordingly.
Renter-occupied housing is prevalent locally, with neighborhood renter concentration near four-fifths, indicating a deep tenant base for multifamily. Neighborhood occupancy is reported at 94.2%, above the national median by percentile, which supports underwriting for stable operations. Within a 3-mile radius, population and household counts have grown over the past five years and are projected to continue rising, expanding the renter pool and supporting occupancy stability.
Elevated home values relative to national norms reinforce reliance on rental options, which can aid lease retention and pricing power when managed carefully. Median household incomes in the 3-mile radius have increased meaningfully, yet rent-to-income metrics point to some affordability pressure, a consideration for lease management. Taken together, the area’s amenity strengths, renter depth, and occupancy trends offer a constructive backdrop for multifamily, supported by commercial real estate analysis from WDSuite.
School ratings in the neighborhood trend below national averages, which may influence family renter preferences; however, the broad amenity set and transit-rich, urban context typically appeal to a wide range of working households.
Safety indicators are mixed. Compared with neighborhoods nationwide, the area sits below the national median for safety by percentile, while within the New York–Jersey City–White Plains metro it tracks near the middle of the pack. Notably, WDSuite’s data shows the estimated violent offense rate declined year over year, an encouraging directional trend to monitor.
Investors commonly underwrite for professional management, lighting, and access controls in urban submarkets to support resident experience and retention. As always, evaluate multi-year trends and compare them with peer neighborhoods across the metro for a balanced view.
Nearby corporate offices in Lower Manhattan and Midtown provide a diversified white-collar employment base that supports renter demand through commute convenience and job density. Key names include Prudential, Aig, S&P Global, Guardian Life Ins. Co. of America, Dr Pepper Snapple Group, Amtrust Financial Services, Assurant, Robert Half International, Avon Products, and Yahoo.
- Prudential — insurance (4.0 miles)
- Aig — insurance (4.6 miles) — HQ
- S&P Global — ratings & financial data (4.7 miles) — HQ
- Guardian Life Ins. Co. of America — insurance (4.7 miles) — HQ
- Dr Pepper Snapple Group — beverages (4.7 miles)
- Amtrust Financial Services — insurance (4.8 miles) — HQ
- Assurant — insurance (4.8 miles) — HQ
- Robert Half International — staffing (4.9 miles)
- Avon Products — consumer products (5.0 miles) — HQ
- Yahoo — internet media (5.1 miles)
110 Rochester Ave offers scale at 107 units in a renter-dense Brooklyn neighborhood with strong amenity access and above-median national occupancy by percentile. Based on CRE market data from WDSuite, the neighborhood ranks in the metro’s top quartile, and the combination of elevated home values and growing 3-mile household counts supports a durable tenant base and leasing velocity.
Constructed in 2012, the asset is newer than much of the surrounding housing stock, providing competitive positioning versus older properties while still requiring standard system updates over the investment horizon. Investor focus should include rent-to-income management, given regional affordability pressures, and prudent attention to safety and school considerations typical of dense urban cores.
- Renter depth: high renter-occupied share supports demand and occupancy stability.
- Competitive vintage: 2012 construction versus older local stock can reduce near-term capex and aid leasing.
- Amenity-driven retention: strong access to groceries, parks, and dining enhances livability and lease renewal prospects.
- Pricing power potential: elevated ownership costs in the area reinforce reliance on rentals.
- Risks: below-median national safety percentiles and lower school ratings warrant conservative underwriting and active management.