| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Best |
| Demographics | 55th | Fair |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1600 Fulton St, Brooklyn, NY, 11213, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2009 |
| Units | 81 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1600 Fulton St, Brooklyn NY Multifamily Investment
Neighborhood fundamentals indicate deep renter demand and steady occupancy for multifamily, according to WDSuite’s CRE market data, with metrics measured at the neighborhood level rather than the property. Newer construction relative to nearby stock supports competitive positioning and potential leasing durability.
The property sits in an Urban Core Brooklyn neighborhood that ranks 103 out of 889 in the New York–Jersey City–White Plains metro, making it competitive among metro neighborhoods. Local amenity access is a clear strength: cafes, groceries, parks, and pharmacies score in the top quartile nationally, which can support resident retention and day-to-day convenience for renters.
Renter-occupied housing is prevalent at the neighborhood level (73.9% share; top national percentile), pointing to a deep tenant base and diversified demand across unit types. Neighborhood occupancy trends are around the metro middle, supporting stable leasing conditions without relying on outsized rent spikes.
Construction vintage matters here. The asset was built in 2010, while the average neighborhood building year skews older (1922). Newer construction typically offers an edge versus legacy stock on systems, layouts, and compliance—though investors should still plan for mid-life modernization during the hold to sustain competitiveness.
Within a 3-mile radius, demographics show population growth over the last five years and a larger number of households, which expands the renter pool. Median household income has risen, and neighborhood rent-to-income around 27% suggests manageable affordability pressure relative to high-cost ownership nearby. Elevated home values (near the top national percentile) indicate a high-cost ownership market that tends to reinforce reliance on multifamily rentals, supporting pricing power and lease retention for well-managed assets. School ratings in the area are mixed, which may matter for family-oriented unit mixes but is less determinative for studios and one-bedrooms.
Safety indicators are mixed when viewed against regional and national benchmarks. At the metro level, this neighborhood’s crime ranking places it below the metro median (434 out of 889), while national comparisons indicate it is below the national middle. For investors, that suggests paying closer attention to security measures, lighting, and resident experience programs as part of operations.
Trend signals are important. Recent estimates show a double-digit year-over-year decline in violent incidents and a modest improvement in property incidents at the neighborhood level. While one year does not establish a long-term trend, continued improvements can support leasing stability and resident satisfaction; conversely, variability remains a consideration for underwriting and asset management plans.
Proximity to major Manhattan employers helps sustain renter demand through commute convenience and a diverse white-collar employment base. Nearby anchors include AIG, S&P Global, Guardian Life, AmTrust Financial Services, and Dr Pepper Snapple Group.
- AIG — insurance & financial services (4.03 miles) — HQ
- S&P Global — financial data & ratings (4.13 miles) — HQ
- Guardian Life Ins. Co. of America — insurance (4.18 miles) — HQ
- Amtrust Financial Services — insurance (4.24 miles) — HQ
- Dr Pepper Snapple Group — beverage offices (4.25 miles)
1600 Fulton St combines Urban Core amenity access with a renter-heavy neighborhood profile that supports steady leasing. The 2010 vintage is newer than much of the surrounding housing stock, offering a competitive edge versus older buildings while still warranting a mid-life capital plan. Occupancy at the neighborhood level sits near metro averages, and elevated home values in the area reinforce reliance on rentals, which can aid retention and pricing discipline for professionally managed assets, based on commercial real estate analysis from WDSuite.
Within a 3-mile radius, recent population and household growth point to a larger tenant base over time, while incomes have trended higher. Amenity density ranks among the metro’s strongest, supporting resident convenience and the property’s leasing narrative. Key risks include local safety variability and mixed school scores, which call for robust on-site operations and targeted marketing to renter segments least sensitive to school quality.
- Newer 2010 construction relative to nearby vintage supports competitive positioning
- Renter-heavy neighborhood and stable occupancy underpin demand depth
- High local amenity density enhances resident experience and retention
- High-cost ownership market supports sustained reliance on rentals
- Risks: safety variability and mixed school ratings require active management