| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 37th | Poor |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 146 S 4th St, Brooklyn, NY, 11211, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2011 |
| Units | 113 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
146 S 4th St Brooklyn Multifamily Opportunity
Neighborhood-level occupancy remains steady with a deep renter-occupied base, according to WDSuite’s CRE market data, supporting durable leasing in a high-cost ownership pocket of Brooklyn.
Situated in Brooklyn’s Urban Core, the property benefits from a neighborhood rated A- and ranked 137 out of 889 metro neighborhoods. Amenity access is a standout: the area sits in the top quartile nationally, with dense coverage of restaurants, grocery, parks, pharmacies, and cafés—an everyday convenience profile that tends to sustain renter interest and retention.
Renter demand is reinforced by a high neighborhood renter-occupied share (measured at the neighborhood level), while the local occupancy rate near 92% supports stable lease-up expectations. Median home values in the neighborhood are elevated and rank in the top national percentiles; in practice, this high-cost ownership environment often keeps households engaged with multifamily options, which can bolster depth of demand and pricing power for competitive assets.
Within a 3-mile radius, demographics indicate population growth over the past five years alongside an increase in households, with projections through 2028 pointing to further expansion and a smaller average household size. For investors, this implies a larger and diversifying tenant base and continued demand for rental units as more households enter the market.
Vintage also matters: built in 2011, the asset is newer than the neighborhood’s average construction year (1980). This positions the property competitively versus older stock, though investors should still underwrite normal modernization and system updates over the hold period. Neighborhood-level NOI per unit ranks among the strongest in the metro and near the top nationally, indicating the submarket has historically supported robust income performance for competitive multifamily assets.
Safety trends should be evaluated with context. The neighborhood’s crime rank is below the metro median (173 out of 889), indicating comparatively higher crime than many New York–area neighborhoods. Nationally, the neighborhood sits below mid-percentile ranges for safety. However, recent year-over-year data show improving momentum, with both violent and property offense rates declining at the neighborhood level.
For underwriting, this mix suggests prudent operating assumptions (security measures, resident communication, vendor coordination) while recognizing that the direction of change has been favorable. Always assess street-level conditions and property-specific controls alongside neighborhood statistics.
Proximity to Manhattan’s employment base supports renter demand and retention, with nearby offices spanning media/tech, utilities, and insurance. Specifically, the immediate area provides commuting access to Yahoo, Con Edison Distribution Engineering, Consolidated Edison, Aig, and Netflix.
- Yahoo — media/tech (2.0 miles)
- Con Edison Distribution Engineering — utilities (2.1 miles)
- Consolidated Edison — utilities (2.1 miles) — HQ
- Aig — insurance (2.3 miles) — HQ
- Netflix — media/tech (2.3 miles)
146 S 4th St combines newer-vintage construction (2011) with strong Urban Core fundamentals. Neighborhood-level occupancy and a high renter-occupied share support demand resilience, while elevated for-sale home values tend to keep households engaged with multifamily options. Dense amenities and access to major job centers further underpin leasing and retention. According to CRE market data from WDSuite, the surrounding neighborhood ranks highly on amenity access and has supported strong income performance relative to metro peers.
Key considerations include underwriting for renter affordability pressure and measured safety assumptions; however, recent neighborhood data show improving offense-rate trends. For investors seeking stabilized income with modernization potential versus older Brooklyn stock, the location’s renter depth and amenity density are the primary drivers of the thesis.
- Newer vintage (2011) relative to neighborhood average, offering competitive positioning versus older assets
- Strong neighborhood renter-occupied share and steady occupancy support leasing stability
- High-cost ownership market reinforces multifamily demand and pricing power potential
- Amenity-rich Urban Core location with access to major employers sustains tenant retention
- Risks: renter affordability pressure and below-metro safety standing; mitigate via prudent underwriting and operations