| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 78th | Best |
| Amenities | 100th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1320 Fulton St, Brooklyn, NY, 11216, US |
| Region / Metro | Brooklyn |
| Year of Construction | 1985 |
| Units | 65 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1320 Fulton St, Brooklyn Multifamily Investment
Neighborhood-level occupancy has been steady and renter demand is reinforced by a high-cost ownership market, according to WDSuite’s CRE market data. This positions the asset for durable leasing in an urban core location without relying on outsized rent growth assumptions.
Situated in Brooklyn’s Urban Core, the neighborhood around 1320 Fulton St ranks 34th of 889 metro neighborhoods (A+), placing it in the top quartile locally and signaling durable fundamentals for multifamily investors. Amenity access is a clear strength: grocery, dining, parks, pharmacies, and cafes all benchmark at the 100th national percentile, supporting day-to-day convenience and resident retention.
Renter concentration is high, with a large share of housing units renter-occupied, which deepens the tenant base and supports consistent leasing. Neighborhood occupancy levels are near the national middle, but net operating income per unit performance ranks 12th of 889 locally and in the 99th percentile nationally, indicating competitive revenue potential relative to peer submarkets, based on CRE market data from WDSuite.
The property’s 1985 vintage is newer than the area’s older housing stock (average year 1941), suggesting relative competitiveness versus legacy buildings while still warranting capital planning for systems modernization or selective value-add. Elevated home values (near the top of national distributions) and a high value-to-income ratio point to a high-cost ownership market, which typically sustains rental demand and supports pricing power with careful lease management.
Within a 3-mile radius, population and household counts have grown over the past five years, and forecasts indicate further population growth with a notable increase in households alongside smaller average household sizes. For multifamily, that translates into a larger tenant base and more renters entering the market, which can underpin occupancy stability and leasing velocity.
Schools rate around the national midpoint, which is serviceable for broad renter profiles but may not be a primary draw for family-focused segments. Overall, the combination of top-tier amenities, strong renter orientation, and competitive NOI performance makes this micro-market compelling among New York–Jersey City–White Plains neighborhoods.
Safety benchmarks are mixed. The neighborhood’s crime rank sits in the lower (worse) third of the New York–Jersey City–White Plains metro at 272 out of 889, and its national safety percentiles are below average, indicating higher incident rates than many neighborhoods nationwide. However, recent trends show improvement, with year-over-year declines in both property and violent offense estimates, suggesting conditions have been moving in a favorable direction.
For underwriting, investors often account for enhanced security features and community engagement to support retention, while recognizing that improving trend lines may reduce downside risk if sustained. Always compare block-level data during diligence, as safety can vary within short distances in dense urban areas.
The nearby employment base includes finance and corporate services within short commuting distance, supporting renter demand and lease retention for workforce and professional households. Key employers include AIG, S&P Global, Guardian Life, Dr Pepper Snapple Group, and AmTrust Financial Services.
- AIG — insurance (3.5 miles) — HQ
- S&P Global — financial data & ratings (3.6 miles) — HQ
- Guardian Life Ins. Co. of America — insurance (3.6 miles) — HQ
- Dr Pepper Snapple Group — beverages (3.7 miles)
- Amtrust Financial Services — insurance (3.7 miles) — HQ
This 65-unit, 1985-vintage asset benefits from a renter-oriented neighborhood with top-tier amenities and elevated ownership costs that reinforce reliance on multifamily housing. Relative to older local stock, the vintage offers competitive positioning, while still meriting targeted capital planning for building systems and value-add upgrades to capture rent premiums where feasible. According to CRE market data from WDSuite, neighborhood NOI per unit performance ranks among the best locally and nationally, aligning with durable demand drivers rather than speculative assumptions.
Within a 3-mile radius, population growth, rising household counts, and shrinking average household size indicate a larger renter pool over time, supporting occupancy stability and lease-up velocity in this Urban Core location. Neighborhood safety benchmarks warrant prudent management, but recent downward trends in incident estimates are constructive and, alongside strong employment access, help underpin long-term fundamentals.
- Renter-heavy neighborhood and high-cost ownership market support deep tenant demand and pricing power.
- 1985 vintage positioned ahead of older local stock; plan selective system upgrades for competitiveness.
- Strong relative NOI per unit performance, per WDSuite, indicates solid income potential versus peers.
- 3-mile growth in households and smaller household sizes expand the renter pool, aiding lease stability.
- Risk: Safety benchmarks sit below national averages; underwrite security and retention strategies while noting improving trends.