| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 58th | Fair |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 167 Graham Ave, Brooklyn, NY, 11206, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2012 |
| Units | 57 |
| Transaction Date | 2012-06-18 |
| Transaction Price | $4,800,000 |
| Buyer | GRAHAM TERRACE LLC |
| Seller | THE LOVE CHAPEL CHRISTIAN OUTREACH OF NE |
167 Graham Ave Brooklyn Multifamily Investment
Neighborhood fundamentals point to durable renter demand and strong occupancy stability, according to WDSuite’s CRE market data. Newer construction relative to the area positions this asset competitively against older stock.
Built in 2012, the property is newer than the neighborhood’s typical vintage, which skews to the 1960s. For investors, that generally means fewer near-term capital needs on core systems and a competitive edge versus older buildings, while still planning for mid-life updates over the hold.
Area livability supports leasing: the neighborhood ranks in the top quartile nationally for amenities, with dense coverage of restaurants, grocery, pharmacies, parks, and cafes. These concentrations are neighborhood-level indicators and tend to reinforce tenant retention by reducing daily frictions and commute needs.
Multifamily demand signals are constructive at the neighborhood level: occupancy is around 96%–97% and has trended up over five years, and roughly nine in ten housing units are renter-occupied. High renter concentration suggests a deep tenant base and supports leasing velocity and renewal stability.
Within a 3-mile radius, demographics show population growth over the past five years with a larger household count and modestly smaller average household size. Looking ahead, forecasts indicate additional population and household growth, which implies a larger tenant base and supports occupancy and absorption for professionally managed multifamily.
Elevated home values in the neighborhood relative to national norms reinforce reliance on rental housing, while market rents are also above national averages. For investors, the combination typically supports pricing power but warrants attentive lease management to monitor affordability pressure and reduce turnover risk.
School quality in the neighborhood trails national averages, which may temper family-driven demand; however, the urban core location with abundant amenities and transit access tends to favor young professionals and roommates, a profile that aligns with smaller average unit sizes.
Safety metrics are mixed. Compared with the 889 neighborhoods in the New York–Jersey City–White Plains metro, the area is competitive among metro neighborhoods, but it sits below the national median, indicating higher crime exposure than many U.S. neighborhoods.
Recent trends are constructive: both violent and property offense rates have declined year over year, placing these improvements above national norms for pace of reduction. For underwriting, this suggests monitoring remains prudent, yet the directional trend helps support leasing stability and resident retention.
Nearby corporate offices provide a diversified employment base that supports commuter convenience and renter demand. The closest nodes include utilities, airline, insurance, and tech/media employers noted below.
- Con Edison Distribution Engineering — utilities engineering (3.0 miles)
- Consolidated Edison — utilities (3.0 miles) — HQ
- JetBlue Airways — airline (3.0 miles) — HQ
- Yahoo — tech/media (3.0 miles)
- New York Life Insurance Company — insurance (3.1 miles)
167 Graham Ave is a 57-unit, 2012-vintage asset in Brooklyn’s urban core where neighborhood-level occupancy is high and renter concentration is deep. The property’s newer construction should remain competitive versus the area’s older housing stock while investors plan for routine mid-life upgrades. According to commercial real estate analysis from WDSuite, amenity density and high-cost ownership dynamics reinforce sustained reliance on rental housing, supporting leasing and pricing power.
Within a 3-mile radius, recent population and household growth, alongside a forecast for further expansion, point to a larger tenant base over the next several years. Elevated neighborhood home values and above-average market rents can support revenue, but they also call for attentive affordability and retention strategies. Safety metrics remain below national averages but have improved year over year, a trend worth tracking in asset management.
- 2012 vintage offers relative competitiveness vs. older neighborhood stock with manageable mid-life capex planning
- High neighborhood occupancy and strong renter concentration support leasing stability
- Dense amenities and proximity to major employers bolster retention and absorption
- Ownership costs locally are elevated, reinforcing reliance on multifamily rentals and pricing power
- Risks: below-national safety metrics and rent affordability pressure require active lease and resident management