| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Best |
| Demographics | 53rd | Fair |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1433 Dekalb Ave, Brooklyn, NY, 11237, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2013 |
| Units | 26 |
| Transaction Date | 2005-05-10 |
| Transaction Price | $690,000 |
| Buyer | DEKALB PLAZA LLC |
| Seller | P D F EQUITIES LLC |
1433 Dekalb Ave Brooklyn Multifamily Investment
Renter demand is supported by a high neighborhood renter-occupied share and mid-90s occupancy, according to WDSuite’s CRE market data. Newer construction relative to local stock positions this asset for competitive leasing in an Urban Core setting.
The property sits in Brooklyn’s Urban Core with strong daily convenience: cafes, groceries, restaurants, and pharmacies are dense and walkable. By metro comparison, amenity access is competitive among New York-Jersey City-White Plains neighborhoods (ranked 69 of 889) and places this area in the top percentile nationally for food, beverage, and pharmacy counts. This concentration tends to bolster leasing velocity and retention for smaller-format urban units.
From an income and housing perspective, the neighborhood shows elevated home values versus national norms alongside a high value-to-income ratio. In practice, this is a high-cost ownership market, which can reinforce reliance on multifamily rentals and support pricing power, while the neighborhood rent-to-income ratio suggests measured affordability pressure that owners should monitor in lease management. Neighborhood occupancy has trended stable in the mid-90s over five years, indicating durable demand and supporting income stability (based on CRE market data from WDSuite).
Tenure patterns are favorable for multifamily: the neighborhood’s renter-occupied share is high, implying a deep tenant base and steady turnover for well-located product. Average school ratings trail national medians, which may matter for family-oriented demand, but strong amenity density and employment access often offset for urban renter cohorts.
Demographic statistics aggregated within a 3-mile radius indicate recent population growth and an increase in households, with projections calling for further household expansion and a gradual reduction in average household size. This points to a larger renter pool and ongoing demand for smaller units. The asset’s 2013 vintage is newer than the neighborhood’s older housing stock (average construction year near the 1940s), providing competitive positioning versus legacy buildings while still warranting normal mid-life capital planning over the hold period. This commercial real estate analysis suggests the submarket remains attractive for long-term multifamily operations.
Safety indicators for the neighborhood are below national medians, reflecting higher offense rates relative to many U.S. neighborhoods. However, recent trends show improvement: both violent and property offense estimates declined year over year, which can support incremental confidence in operations if the trend persists.
In metro context, investors should underwrite with conservative assumptions and focus on well-lit entries, access control, and resident engagement. Continued monitoring of local trendlines and citywide initiatives is prudent to align security measures with evolving conditions.
The area draws from a wide employment base in aviation, utilities, finance, and media/tech, supporting commuter convenience and renter retention. Notable nearby employers include JetBlue Airways, Con Edison Distribution Engineering, Consolidated Edison, New York Life Insurance Company, and Yahoo.
- Jetblue Airways — aviation HQ (3.6 miles) — HQ
- Con Edison Distribution Engineering — utilities engineering offices (4.1 miles)
- Consolidated Edison — utilities HQ (4.1 miles) — HQ
- New York Life Insurance Company — insurance (4.1 miles)
- Yahoo — media & tech offices (4.2 miles)
1433 Dekalb Ave is a 2013-vintage, 26-unit asset positioned amid dense amenities and a renter-heavy neighborhood, supporting occupancy stability and day-to-day convenience. Newer construction relative to the local 1940s-average housing stock enhances competitive appeal versus older walk-up inventory, though owners should plan for normal mid-life systems upkeep and selective upgrades to sustain rents. According to CRE market data from WDSuite, neighborhood occupancy has held in the mid-90s with a high renter-occupied share, while elevated ownership costs locally help sustain reliance on multifamily housing.
Demographics aggregated within a 3-mile radius show household growth and a projected expansion in households, pointing to a larger tenant base and demand for smaller-format urban units. Investors should also weigh below-median school ratings and safety indicators against the amenity density and proximity to major employers that underpin leasing fundamentals.
- Newer 2013 vintage versus older neighborhood stock supports competitive positioning and rentability
- High neighborhood renter concentration and stable mid-90s occupancy support income durability
- Dense, walkable amenities and access to major employers reinforce leasing velocity
- Elevated home values locally sustain reliance on rentals, aiding pricing power
- Risks: below-median school ratings and safety metrics warrant conservative underwriting and proactive management