| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 58th | Fair |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 155 Seigel St, Brooklyn, NY, 11206, US |
| Region / Metro | Brooklyn |
| Year of Construction | 1972 |
| Units | 65 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
155 Seigel St, Brooklyn Multifamily with Stable Renter Base
Neighborhood occupancy of 96.6% and a high share of renter-occupied units point to durable leasing, according to WDSuite’s CRE market data.
This Urban Core pocket of Brooklyn ranks 63 out of 889 New York metro neighborhoods (A-rated), signaling strong underlying demand drivers relative to the region. Amenity density is a clear strength, with restaurants, groceries, pharmacies, parks, and cafes all near the top of national distributions, supporting walkability and day-to-day convenience that helps retention.
Renter fundamentals are deep. The neighborhood s renter-occupied share is very high, and the occupancy rate of 96.6% is above national norms, suggesting a broad tenant base and support for sustained absorption and renewal performance. Median contract rents sit in the upper national tier, while the rent-to-income profile indicates manageable affordability pressure by New York standards a balance that can support pricing decisions with attention to lease management. Elevated home values in the area indicate a high-cost ownership market, which typically reinforces reliance on multifamily rentals and can aid pricing power over time.
Within a 3-mile radius, population and household counts have grown in recent years, and forecasts call for additional population growth with smaller average household sizes. For investors, that points to a larger tenant base and a continued tilt toward multifamily demand. The area s average school ratings are below national medians, which is less of a draw for family-driven moves, but the rich amenity mix and employment access remain primary demand anchors for working-age renters.
Vintage is relevant: the property was built in 1972, newer than the neighborhood s typical 1960s stock. That positioning can be competitive versus older assets, while still warranting targeted modernization and systems updates as part of a value-add or capital planning strategy. Overall, these dynamics align with what investors expect in dense, amenity-rich Brooklyn submarkets, based on commercial real estate analysis from WDSuite.
Safety indicators are mixed and should be contextualized. Within the New York metro, the neighborhood ranks 353 out of 889 on crime metrics, indicating comparatively higher crime than many parts of the region. Nationally, safety percentiles are below the median; however, recent trends show improvement with year-over-year declines in both violent and property offenses. Investors should underwrite appropriate security, lighting, and operational protocols and consider how demand from urban renters balances these considerations.
Proximity to major corporate offices supports a strong commuter renter base and helps sustain leasing. The employers below represent finance, utilities, aviation, and technology anchors within a short radius.
- Jetblue Airways aviation HQ (3.2 miles) HQ
- Con Edison Distribution Engineering utilities (3.2 miles)
- Yahoo technology/media offices (3.2 miles)
- Consolidated Edison utilities HQ (3.2 miles) HQ
- New York Life Insurance Company insurance (3.3 miles)
155 Seigel St offers scale at 65 units in an amenity-rich, A-rated Brooklyn neighborhood where occupancy is 96.6% and renter-occupied housing is prevalent. Elevated ownership costs and a large renter pool support demand depth and leasing stability. Built in 1972, the asset is newer than much of the local 1960s-era inventory, creating competitive positioning versus older product while still allowing for targeted renovations to drive NOI. According to CRE market data from WDSuite, neighborhood rents track in the upper national tier, and household/population growth within a 3-mile radius suggests ongoing renter pool expansion.
Key considerations include below-median national safety percentiles and modest school ratings; recent declines in reported offenses help, but prudent security and tenant-experience investments should be part of the plan. With strong amenity access and proximity to major employers, the property s fundamentals align with investors seeking durable occupancy and selective value-add upside rather than outsized speculative growth.
- Dense, walkable location with top-tier amenity access supports retention
- High neighborhood occupancy and deep renter-occupied stock underpin demand
- 1972 vintage newer than area average positioned for targeted renovations and NOI lift
- 3-mile population and household growth point to a larger tenant base over time
- Risks: below-median national safety percentiles and modest school ratings; underwrite security and tenant-experience measures