| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 55th | Fair |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1543 E 19th St, Brooklyn, NY, 11230, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2011 |
| Units | 51 |
| Transaction Date | 2016-06-28 |
| Transaction Price | $14,400,000 |
| Buyer | 1537 EAST 19TH STREET LLC |
| Seller | GERON YANN |
1543 E 19th St Brooklyn Multifamily Opportunity
Neighborhood fundamentals signal durable renter demand, with elevated renter-occupied share and tight for-sale pricing helping sustain lease-up and retention, according to WDSuite’s CRE market data.
Situated in Brooklyn’s Urban Core, the property benefits from a neighborhood rated A and ranked 101 out of 889 metro neighborhoods—placing it in the top quartile within the New York–Jersey City–White Plains region. For multifamily investors, that positioning typically reflects balanced livability and leasing depth rather than speculative momentum.
Everyday convenience is a clear strength. Dining, cafes, groceries, parks, and pharmacies all register in high national percentiles (mid‑90s for many categories), indicating a walkable, amenity-rich environment that supports resident satisfaction and renewal potential. Average school ratings are closer to the national median, which can broaden the renter profile without concentrating demand in one household segment.
Renter-occupied housing is prevalent at the neighborhood level, signaling a deeper tenant base and consistent turnover for operators who manage renewals closely. Neighborhood occupancy is high, supporting income stability when combined with disciplined leasing and renewal practices. Elevated home values—well above national norms—suggest a high-cost ownership market that tends to reinforce reliance on multifamily rentals and can support pricing power, subject to income trends and affordability management.
Within a 3‑mile radius, demographics show households have grown in recent years and are projected to continue rising even as average household sizes trend lower. This pattern typically points to a larger renter pool and steady demand for professionally managed units. Contract rents in the area sit in the upper tier nationally; operators should pair quality-of-life and service delivery with careful rent-to-income monitoring to sustain occupancy and retention.
Safety metrics for the neighborhood track below national averages, indicating investors should underwrite for appropriate security measures and resident communication. Recent trends show year-over-year declines in both violent and property offense rates, suggesting gradual improvement rather than a structural shift. Conditions can vary by micro-area, so risk management and lighting/access controls are prudent operating considerations.
Proximity to major corporate offices supports commuter convenience and renter demand, with access to employers in finance, insurance, and professional services including Dr Pepper Snapple Group, Prudential, S&P Global, Guardian Life, and Robert Half.
- Dr Pepper Snapple Group — beverages corporate offices (5.7 miles)
- Prudential — insurance (6.6 miles)
- S&P Global — financial services (6.9 miles) — HQ
- Guardian Life Ins. Co. of America — insurance (6.9 miles) — HQ
- Robert Half International — staffing & recruiting (7.0 miles)
Built in 2011, the asset is newer than much of the surrounding housing stock, offering competitive positioning versus older inventory while still warranting routine system updates over the hold. Neighborhood characteristics—top-quartile regional ranking, strong amenity access, and an elevated renter-occupied share—support a larger tenant base and occupancy stability. Elevated for-sale values in this part of Brooklyn further reinforce multifamily reliance and can sustain rent growth when paired with disciplined lease management and service quality, based on CRE market data from WDSuite.
Within a 3‑mile radius, household counts have increased and are projected to rise further as average household size declines, pointing to a gradual renter pool expansion. Rents are in the upper tier nationally, which bolsters revenue potential but requires attention to affordability pressure to protect renewals and minimize turnover costs.
- 2011 vintage offers competitive positioning versus older neighborhood stock with manageable modernization planning
- Amenity-rich Urban Core location supports leasing velocity and renewal potential
- Elevated renter-occupied share and high-cost ownership market underpin demand depth and pricing power
- 3-mile household growth and smaller household sizes indicate a gradually expanding renter pool
- Risk: below-average safety metrics and rent-to-income pressure require proactive security and renewal strategies