| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Best |
| Demographics | 23rd | Poor |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1426 Loring Ave, Brooklyn, NY, 11208, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2000 |
| Units | 100 |
| Transaction Date | 1997-01-08 |
| Transaction Price | $711,750 |
| Buyer | EMERALD GREEN LTD PARTNERSHIP |
| Seller | EMERALD LORING CORP |
1426 Loring Ave, Brooklyn Multifamily Opportunity
Neighborhood occupancy trends appear steady and renter demand is reinforced by a high share of renter-occupied housing units in the surrounding area, according to WDSuite’s CRE market data. This positioning supports durable leasing in an Urban Core setting of Brooklyn while pricing remains sensitive to local income levels.
Situated in Brooklyn’s Urban Core, the property benefits from everyday conveniences—grocery density is strong and cafes and restaurants are prevalent relative to many U.S. neighborhoods. At the same time, immediate access to parks and pharmacies is more limited, which may influence resident preferences and should be considered in leasing strategy.
The building was constructed in 2000, slightly newer than the neighborhood’s late-1990s average. For investors, this typically implies comparatively competitive positioning versus older stock, with potential to modernize building systems and common areas for value-add impact over a hold period.
Renter concentration is high at the neighborhood level (share of housing units that are renter-occupied), which supports a deeper tenant base for multifamily. Within a 3-mile radius, population and household counts have increased over the past five years, and forecasts point to additional household growth by 2028—expanding the renter pool and supporting occupancy stability.
Home values in the neighborhood are elevated for the region. In a high-cost ownership market like this, multifamily offers comparatively more accessible monthly housing options, which can bolster retention and support pricing power when paired with thoughtful lease management. Average school ratings in the area trend below national benchmarks, which may matter for family renters and should be acknowledged in underwriting and marketing plans.
Safety indicators for the neighborhood track below national norms, based on comparative ranks and percentiles. However, WDSuite’s data shows recent year-over-year declines in both violent and property offense estimates, indicating a favorable directional trend. As with any urban submarket, prudent asset management—lighting, access control, and resident engagement—can help support on-site conditions. These are neighborhood-level signals and not block-specific.
Nearby employers span finance, utilities, and airlines—providing a diverse commuter base that can underpin renter demand and retention for workforce-oriented apartments. Highlighted below: Prudential, JetBlue Airways, AIG, New York Life Insurance Company, and Consolidated Edison.
- Prudential — insurance (0.4 miles)
- Jetblue Airways — airline HQ operations (7.1 miles) — HQ
- Aig — insurance & financial services (8.1 miles) — HQ
- New York Life Insurance Company — insurance (8.1 miles)
- Consolidated Edison — utilities (8.2 miles) — HQ
For a 100-unit asset built in 2000, the local context points to durable renter demand and operational consistency. The surrounding neighborhood exhibits a high share of renter-occupied housing, and within a 3-mile radius, household growth and rising incomes expand the tenant base—factors that generally support occupancy stability and lease retention. Elevated ownership costs in the area further reinforce reliance on multifamily housing.
The 2000 vintage is slightly newer than nearby stock, suggesting relative competitiveness with room for targeted modernization to capture value-add upside. According to CRE market data from WDSuite, neighborhood amenities are strong for daily needs and dining, though limited park and pharmacy access, lower average school ratings, and below-national safety benchmarks warrant conservative assumptions and active property management.
- High renter concentration supports depth of tenant demand and leasing resilience.
- 3-mile household growth and income gains expand the renter pool and help sustain occupancy.
- 2000 construction provides a competitive baseline with potential value-add through modernization.
- Elevated ownership costs in the area can support pricing power and retention for well-managed units.
- Risks: below-national safety benchmarks, limited parks/pharmacies nearby, and lower school ratings call for prudent underwriting and operations.