| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 58th | Fair |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 124 Humboldt St, Brooklyn, NY, 11206, US |
| Region / Metro | Brooklyn |
| Year of Construction | 1972 |
| Units | 65 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
124 Humboldt St, Brooklyn — Urban-Core Multifamily with Durable Renter Demand
Occupancy in the surrounding neighborhood is resilient and renter-driven, supporting stable leasing dynamics, according to CRE market data from WDSuite. Elevated ownership costs nearby further sustain the renter pool and underpin long-term demand.
Located in Brooklyn s Urban Core, 124 Humboldt St sits in a neighborhood that ranks within the top quartile among 889 metro neighborhoods for overall quality (A rating), per WDSuite. Amenity density is a clear strength restaurants, groceries, pharmacies, parks, and cafes are all abundant, with national percentiles near the top of the distribution. This concentration of daily essentials supports convenience-led retention and positions the asset competitively versus many national peers.
Neighborhood occupancy is strong and trending up over five years, and the share of renter-occupied units is high (neighborhood-level tenure), indicating a deep tenant base that generally supports demand stability. Compared with national multifamily markets, the area s NOI per unit is top-tier, reinforcing that operators have historically translated demand into operating performance, based on CRE market data from WDSuite.
Within a 3-mile radius, demographics indicate population growth over the past five years and an increase in households, with forecasts calling for further gains and smaller average household sizes. For investors, that combination typically expands the renter pool and supports occupancy stability over time. Income distributions also skew toward higher-earning cohorts relative to many U.S. neighborhoods, which can support pricing power for well-positioned properties.
Ownership costs in the neighborhood are elevated by national standards, which tends to reinforce reliance on multifamily rentals and can aid lease retention for competitive product. At the same time, the average school rating in the area trails national norms and the rent-to-income ratio points to some affordability pressure both are manageable with thoughtful lease management and unit positioning.
Safety indicators for the neighborhood are mixed. Relative to neighborhoods nationwide, the area sits in lower national percentiles for safety, signaling higher reported crime than many U.S. neighborhoods. Within the New York Jersey City White Plains metro, the crime rank indicates performance below the metro median among 889 neighborhoods. Year over year, both violent and property offense rates have declined by mid-teens percentages, which is a constructive trend, though investors should continue to underwrite prudent operating practices and security measures.
Proximity to major employers in airlines, utilities, media/technology, and insurance supports a large commuter workforce and helps deepen the renter base for nearby multifamily. Key nearby employers include JetBlue, Con Edison (including Distribution Engineering), Yahoo, Consolidated Edison, and New York Life Insurance Company.
- Jetblue Airways
- Con Edison Distribution Engineering
- Yahoo
- Consolidated Edison
- New York Life Insurance Company
This 65-unit 1972 asset offers durable renter demand in a top-quartile Brooklyn neighborhood with strong amenity access and historically high occupancy. The vintage is newer than the neighborhood s average building stock, which can be a competitive edge versus older product, though systems may still warrant modernization or targeted value-add to maximize rent positioning.
Within a 3-mile radius, recent population and household growth with further gains forecast suggests a larger tenant base ahead and supports leasing stability. Elevated home values in the area tend to sustain reliance on rentals, while income profiles can underpin rent levels for well-managed, well-located units. According to CRE market data from WDSuite, neighborhood operating performance ranks among the strongest nationally, aligning with the area s renter concentration and convenience-driven demand drivers.
- Renter-driven submarket with historically high neighborhood occupancy supporting lease stability
- 1972 vintage offers value-add and modernization pathways relative to older nearby stock
- Exceptional amenity access and proximity to major employers bolster demand and retention
- Elevated ownership costs reinforce rental demand and support pricing for competitive units
- Risks: lower school ratings, safety metrics below national averages, and affordability pressure requiring thoughtful lease management