| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 58th | Fair |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 111 Humboldt St, Brooklyn, NY, 11206, US |
| Region / Metro | Brooklyn |
| Year of Construction | 1972 |
| Units | 58 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
111 Humboldt St, Brooklyn multifamily investment profile
Neighborhood fundamentals point to durable renter demand and high occupancy, according to WDSuite s CRE market data, driven by a large renter-occupied housing base and strong amenity access; metrics cited reflect neighborhood conditions, not the property s own occupancy.
Situated in Brooklyn s Urban Core, 111 Humboldt St benefits from a neighborhood rated A and ranked 63 out of 889 metro neighborhoods, placing it competitive among New York s submarkets. Amenity access is a clear strength the area sits in the top quartile nationally, with dense restaurant, grocery, and pharmacy coverage supporting daily convenience and renter retention.
Renter concentration is high at the neighborhood level, with about 89.5% of housing units renter-occupied. For investors, this depth of the tenant base supports leasing velocity and cushions turnover. Neighborhood occupancy has been strong at 96.6% with modest improvement over five years; this is a neighborhood-wide indicator of demand stability rather than the property s specific performance.
Within a 3-mile radius, population growth over the past five years and a notable increase in households point to a larger tenant base, while smaller average household sizes suggest more demand per capita for rental units. Forward-looking estimates indicate continued population and household expansion, which can support occupancy stability and measured rent growth. Median household incomes have climbed meaningfully, reinforcing the ability to sustain market rents.
Home values in the neighborhood are elevated relative to national benchmarks, which typically sustains reliance on multifamily rentals and can bolster pricing power. Public school ratings trail national averages, which may be a consideration for unit mix targeting families; however, the area s amenity density and transit-rich urban setting remain attractive to a broad renter cohort.
Safety indicators for the neighborhood trend below national percentiles, signaling higher reported crime than many U.S. neighborhoods. That said, recent year-over-year trends show improvement, with double-digit declines in both violent (-14.9%) and property (-16.1%) offense rates, based on CRE market data from WDSuite. Investors typically account for this by calibrating security measures and underwriting for retention initiatives.
As always, safety conditions vary by block and over time. Framing risk in comparative terms and monitoring continued trend improvement is advisable when assessing leasing strategy and capex priorities.
Major employers within roughly 3 to 3.5 miles include technology, utilities, airlines, and financial services. Proximity to JetBlue Airways, Consolidated Edison, Yahoo, and New York Life supports a large commuter workforce, which can aid leasing stability and retention.
- Con Edison Distribution Engineering corporate offices (3.16 miles)
- Jetblue Airways airlines (3.16 miles) HQ
- Yahoo technology/media (3.16 miles)
- Consolidated Edison utilities (3.17 miles) HQ
- New York Life Insurance Company insurance (3.28 miles)
Built in 1972, the property is somewhat newer than the neighborhood s average vintage (1964). Relative to older stock, this positioning can be competitive on core systems and appeal, while still offering value-add potential through targeted renovations and modernization. Neighborhood performance indicators including a high share of renter-occupied units, strong amenity access, and above-median occupancy support durable demand for a 58-unit asset.
Within a 3-mile radius, population and household growth, coupled with rising incomes, expand the renter pool and underpin rent levels. Elevated ownership costs locally tend to sustain multifamily demand and can support pricing power, though lease management should balance affordability pressure and retention. According to CRE market data from WDSuite, the neighborhood s multifamily NOI per unit ranks among the top performers metro-wide, reinforcing the area s income profile at the neighborhood level (not property-specific). Key risks include below-average safety metrics and weaker public school ratings, which warrant thoughtful capex and marketing strategies.
- Renter-heavy neighborhood and strong occupancy support stable demand
- 1972 vintage offers modernization and value-add potential versus older stock
- 3-mile radius shows population and household growth, expanding the tenant base
- Elevated ownership costs reinforce reliance on rentals and pricing power
- Risks: below-national safety percentiles and weaker school ratings require targeted mitigation