| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 43rd | Poor |
| Amenities | 100th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1143 Dekalb Ave, Brooklyn, NY, 11221, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2012 |
| Units | 36 |
| Transaction Date | 2004-04-23 |
| Transaction Price | $909,000 |
| Buyer | RIVKA LLC |
| Seller | N B JUDELSON INC |
1143 Dekalb Ave Brooklyn Multifamily Investment
In a renter-heavy Brooklyn neighborhood with steady occupancy, the asset benefits from deep tenant demand and proximity to employment, according to WDSuite’s CRE market data.
Located in Brooklyn’s Urban Core, the property sits in a neighborhood rated A and ranked 110 out of 889 metro neighborhoods — competitive among New York-Jersey City-White Plains submarkets. Retail, grocery, parks, and cafes score in the top quartile nationally, underscoring daily-life convenience that supports multifamily leasing and retention.
Neighborhood occupancy measures 96.6% with an upward five-year trend, and renter-occupied housing accounts for about 84.9% of units. For investors, that depth of renter concentration points to a broad tenant base and generally resilient leasing. Median contract rents in the area have advanced over five years, while rent-to-income levels indicate affordability pressure that warrants active lease management and renewal strategies.
The surrounding housing stock averages vintage 1975, while the subject was built in 2012. Newer construction relative to the neighborhood can offer competitive positioning versus older inventory; investors should still plan for mid-life system upkeep and selective modernization to sustain pricing power.
Within a 3-mile radius, population and households have expanded over the past five years, with forecasts calling for further population growth and a larger household count. This translates to a larger tenant base and supports occupancy stability; higher-income cohorts are also increasing, which can sustain demand for quality rentals. These dynamics, combined with elevated local home values, tend to reinforce renter reliance on multifamily housing. For investors conducting commercial real estate analysis, these neighborhood-level signals align with durable renter demand, based on market trends captured by WDSuite.
Safety metrics are mixed. The neighborhood ranks 347 out of 889 within the metro — competitive among New York-area neighborhoods — yet it sits below national safety averages based on crime percentiles. Recent trends show year-over-year declines in both violent and property offense estimates, which is a constructive directional signal but does not eliminate risk.
For underwriting, frame this as a location where active property management, lighting, and access controls remain important, while noting the improving trajectory. Compare performance to peer Brooklyn submarkets rather than block-level conditions, and monitor trend data over time.
Proximity to Midtown and Downtown job centers supports renter demand with short commutes to major employers in finance, insurance, media, and utilities — including JetBlue, AIG, Yahoo, Con Edison, and Consolidated Edison.
- JetBlue Airways — airline HQ (3.9 miles) — HQ
- AIG — insurance (4.1 miles) — HQ
- Yahoo — media & technology (4.1 miles)
- Con Edison Distribution Engineering — utilities offices (4.1 miles)
- Consolidated Edison — utilities (4.1 miles) — HQ
1143 Dekalb Ave is a 2012-vintage, professionally sized multifamily asset in a renter-dense Brooklyn neighborhood where occupancy is strong and daily amenities are nationally competitive. The property’s newer construction relative to the local 1970s-era housing stock provides a positioning edge versus older walk-ups, while mid-life systems may warrant targeted capital to preserve competitiveness.
Neighborhood fundamentals — high renter concentration, steady occupancy, and elevated ownership costs — support durable rental demand and lease retention. Population and households within a 3-mile radius have grown and are projected to expand further, indicating a larger tenant base and potential for sustained absorption. According to CRE market data from WDSuite, neighborhood-level occupancy and amenity density compare favorably against metro peers, while safety trends should be monitored in underwriting.
- Renter-dense neighborhood with stable occupancy supporting demand and retention
- 2012 construction offers competitive positioning versus older local stock
- Amenity-rich Urban Core location enhances leasing fundamentals and pricing power
- 3-mile radius shows population and household growth, expanding the tenant base
- Risk: safety metrics trail national averages; budget for active property management and security