| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Best |
| Demographics | 23rd | Poor |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1101 Eldert Ln, Brooklyn, NY, 11208, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2002 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1101 Eldert Ln Brooklyn Multifamily Investment
Neighborhood renter demand is deep and steady while occupancy trends sit around the national mid-range, according to WDSuite’s CRE market data. This positioning can support consistent leasing with disciplined rent management in a high-cost ownership corridor.
1101 Eldert Ln sits within an Urban Core pocket of Brooklyn where everyday amenities are accessible and support renter convenience. Grocery options are strong for the area (nationally top quartile for grocery density), and cafes and restaurants also rank in the national top quartile, reinforcing daily-life livability for workforce renters. By contrast, parks, pharmacies, and childcare are comparatively sparse in this neighborhood, which may push some residents to adjacent areas for those needs.
The neighborhood’s average construction year trends newer than many peers across the U.S., and this 2003 vintage positions the property as relatively competitive versus older local stock. Investors should still plan for modernization and system upgrades typical of early-2000s assets to sustain leasing velocity and reduce near-term capex surprises.
Renter concentration is high at the neighborhood level (renter-occupied share ranks 113 out of 889 metro neighborhoods), indicating a sizable tenant base and durable demand for multifamily product. Neighborhood occupancy is roughly mid-pack nationally, suggesting stable leasing conditions with greater emphasis on operations and renewals rather than outsized rent pushes.
Within a 3-mile radius, the population has grown in recent years alongside a faster rise in households and a modest reduction in average household size. Looking ahead, WDSuite’s data shows continued population growth and a meaningful increase in households by 2028, which points to a larger renter pool and supports occupancy stability for well-managed assets.
Home values in this neighborhood benchmark high relative to incomes (nationally high value-to-income ratio), reflecting a high-cost ownership market that tends to reinforce reliance on rental housing. For investors, this dynamic can aid tenant retention and sustain demand, while rent-to-income levels near the area median suggest room for measured pricing without overextending affordability.
Safety indicators for the neighborhood are weaker than national norms, with overall crime levels benchmarking below the national median for safety. However, recent trends show improvement, with both violent and property offense rates declining year over year according to WDSuite’s CRE market data. Investors should underwrite enhanced security measures and strong property management practices while recognizing the directional improvement.
Contextually, these data points describe neighborhood-level conditions rather than block-specific risk. Comparing to peer Brooklyn neighborhoods, the area is competitive for daily conveniences but requires pragmatic safety planning to support leasing and resident retention.
The area draws on a diversified employment base spanning insurance, airlines, financial information, and utilities, supporting renter demand via reasonable commutes to major employers listed below.
- Prudential — insurance (0.58 miles)
- Jetblue Airways — airline (7.34 miles) — HQ
- Aig — insurance (8.17 miles) — HQ
- S&P Global — financial information (8.28 miles) — HQ
- Consolidated Edison — utilities (8.33 miles) — HQ
The investment case centers on resilient renter demand, a large local renter base, and a 2003 vintage that remains competitive versus older neighborhood stock. Neighborhood occupancy trends are around the national mid-range, so the path to performance relies on operations, renewals, and targeted upgrades rather than outsized rent growth. Elevated ownership costs in the area support renter reliance on multifamily housing, which can aid retention and pricing power for well-managed units.
Within a 3-mile radius, population growth and an expanding household count point to a larger tenant base over the next several years, reinforcing leasing stability. According to CRE market data from WDSuite, renter-occupied share ranks among the higher segments of the metro, aligning the asset with sustained demand drivers while acknowledging that safety metrics require proactive management.
- High renter concentration supports depth of tenant demand and stable occupancy
- 2003 vintage offers competitive positioning with value-add modernization potential
- Elevated ownership costs reinforce multifamily reliance and aid renewal strategies
- 3-mile demographic growth expands the renter pool and supports leasing
- Risk: Neighborhood safety benchmarks below national norms—underwrite security and management focus