| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 82nd | Best |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 156 Hope St, Brooklyn, NY, 11211, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2006 |
| Units | 71 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
156 Hope St Brooklyn Urban-Core Multifamily Investment
Renter demand is supported by a high neighborhood renter concentration and solid occupancy, according to WDSuite’s CRE market data. Positioning in an amenity-rich pocket of Brooklyn helps leasing stability while elevated ownership costs sustain the renter pool.
Located in Brooklyn’s Urban Core, the neighborhood rates A+ and ranks 7th among 889 metro neighborhoods, placing it in the top quartile locally. Dense retail and daily-needs access stand out — restaurants, cafes, groceries, parks, and pharmacies all score near the top of national comparisons, helping properties compete for tenants and support retention.
Neighborhood occupancy is around 95% with an upward five-year trend, and rents sit in the upper tier nationally. Median home values are elevated relative to income levels in this area, which typically reinforces reliance on multifamily housing and supports pricing power for well-positioned assets rather than pushing households toward ownership.
The renter-occupied share of housing units is high (neighborhood renter concentration near the top of national percentiles), indicating a deep tenant base for multifamily. Within a 3-mile radius, population and households have grown over the past five years and are projected to expand further, with smaller average household sizes — dynamics that generally translate to a larger renter pool and support occupancy stability.
The property’s 2006 vintage is newer than the neighborhood average construction year of 1974. That positioning can be competitively favorable versus older stock, while investors should still account for mid-life system updates or selective renovations to sustain rentability and capture potential value-add.
Safety performance is mixed compared with national benchmarks. Overall crime measures sit below national safety averages (national percentiles indicate weaker safety relative to many U.S. neighborhoods), but recent trends have improved, with both violent and property offense rates decreasing year over year. Within the metro, the neighborhood’s crime rank sits around the middle of 889 neighborhoods, suggesting conditions that warrant standard risk management, lighting and access controls, and attention to tenant security expectations typical for dense urban areas.
Proximity to major employers in technology, media, utilities, and insurance supports commuter convenience and helps sustain renter demand for workforce and professional households. Nearby anchors include Con Edison, Yahoo, New York Life, Netflix, and Pfizer.
- Con Edison Distribution Engineering — utilities (2.43 miles)
- Yahoo — technology/media (2.43 miles)
- Consolidated Edison — utilities (2.44 miles) — HQ
- New York Life Insurance Company — insurance (2.58 miles)
- Netflix — media/entertainment (2.67 miles)
156 Hope St benefits from positioning in a high-demand, amenity-rich Brooklyn enclave where neighborhood occupancy is strong and the renter base is deep. Elevated home values relative to incomes in the area tend to sustain multifamily demand and support rent integrity, while within a 3-mile radius population and household growth — alongside smaller household sizes — point to a larger tenant base over the next several years. According to CRE market data from WDSuite, neighborhood rents and NOI performance benchmark near the top nationally, reinforcing the case for durable leasing fundamentals.
The 2006 construction year offers a competitive edge versus older neighborhood stock, with potential to capture value through selective modernization and mid-life capital planning. Key watch items include safety metrics that trail national averages and ongoing affordability pressure management, but the combination of strong amenities, deep renter concentration, and expanding nearby households underpins a balanced long-term thesis.
- Urban-core location with top-tier amenities supports retention and leasing velocity
- High neighborhood renter concentration and solid occupancy signal demand depth
- Elevated ownership costs reinforce reliance on multifamily housing
- 2006 vintage offers competitive positioning with value-add via targeted upgrades
- Risks: safety below national averages and affordability pressures require active management