| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 93rd | Best |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 149 Huron St, Brooklyn, NY, 11222, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2006 |
| Units | 20 |
| Transaction Date | 2011-06-23 |
| Transaction Price | $8,625,000 |
| Buyer | 143 Huron Holding LLC |
| Seller | 143 Huron LLC |
149 Huron St Brooklyn 20-Unit Multifamily Investment
Positioned in a high-demand renter pocket of Greenpoint, the asset benefits from strong neighborhood occupancy and a deep renter-occupied housing base, according to WDSuite’s CRE market data. Newer construction relative to nearby stock supports competitive positioning and operational stability.
Greenpoint’s Urban Core location offers daily-life convenience that supports tenant retention: neighborhood amenities score in the top quartile nationally, with dense access to groceries and pharmacies and a healthy restaurant scene, based on CRE market data from WDSuite. Public parks are plentiful, and average school ratings rank 1st among 889 metro neighborhoods, indicating best-in-metro school performance.
For investors, the housing context points to durable multifamily demand. Neighborhood occupancy is in the low 90s and the share of renter-occupied units is high, signaling depth of the tenant base and leasing continuity. Median contract rents have trended upward over five years alongside above-median household incomes, a backdrop that supports pricing power while keeping rent-to-income ratios manageable for retention.
Vintage matters here: built in 2006, the property is newer than the neighborhood’s average 1982 construction year, offering relative competitiveness versus older stock. Investors should still plan for mid-life system upgrades and selective renovations to maintain positioning against new deliveries.
Demographic statistics aggregated within a 3-mile radius show modest population growth and an increase in households, with smaller average household sizes over time—factors that expand the renter pool and support occupancy stability. Elevated home values in the immediate area indicate a high-cost ownership market, which tends to reinforce reliance on multifamily rentals and can aid lease-up and renewal dynamics.
Safety indicators are mixed. Compared with neighborhoods nationwide, this area sits below the national average for safety, while within the New York–Jersey City–White Plains metro it tracks near the middle of the pack (crime rank 445 out of 889 metro neighborhoods). Property offense estimates have improved year over year, while violent offense measures have ticked up slightly—an evolving trend that warrants routine monitoring as part of risk management.
Nearby corporate offices provide a diverse employment base that supports renter demand and commute convenience, particularly across insurance, telecommunications, pharmaceuticals, airlines, and defense. The following anchors are within a short radius and align with workforce housing needs in the submarket.
- New York Life Insurance Company — insurance (1.4 miles)
- Verizon Communications — telecommunications (1.43 miles)
- Pfizer — pharmaceuticals (1.48 miles) — HQ
- Jetblue Airways — airline operations (1.51 miles) — HQ
- L-3 Communications — defense & aerospace offices (1.54 miles) — HQ
149 Huron St offers investors a 20-unit asset in a renter-centric Brooklyn neighborhood where amenity access, school quality, and proximity to major employers underpin leasing velocity and renewal potential. According to CRE market data from WDSuite, neighborhood occupancy remains steady in the low 90s with a high share of renter-occupied units, while elevated area home values point to a high-cost ownership market that supports ongoing rental demand.
Constructed in 2006, the property is newer than much of the surrounding stock, providing competitive positioning versus older buildings; investors should plan for mid-life capital items and targeted upgrades to sustain performance. Demographic statistics aggregated within a 3-mile radius indicate modest population growth and an increasing household count, which expand the tenant base and support occupancy stability over the medium term.
- Renter-centric neighborhood with steady occupancy supports durable leasing
- 2006 construction offers competitive positioning vs. older local stock
- High-cost ownership market reinforces multifamily demand and pricing power
- 3-mile trends show growing households, expanding the renter pool
- Risk: safety metrics are below national averages and should be monitored