| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Fair |
| Demographics | 26th | Poor |
| Amenities | 78th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 167 Riverdale Ave, Brooklyn, NY, 11212, US |
| Region / Metro | Brooklyn |
| Year of Construction | 1978 |
| Units | 73 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
167 Riverdale Ave Brooklyn Multifamily Investment
Renter-occupied housing is prevalent in the neighborhood, and occupancy has trended stable at the neighborhood level, according to WDSuite s CRE market data. This commercial real estate analysis points to durable renter demand relative to ownership in this part of Brooklyn.
The surrounding Urban Core neighborhood shows durable renter demand: renter-occupied housing accounts for a large share of units (measured at the neighborhood level), and neighborhood occupancy stands in the upper tier nationally, according to CRE market data from WDSuite. At 80% renter-occupied share locally, investors can underwrite a deep tenant base and potential leasing stability versus ownership alternatives.
Daily-needs access is a relative strength. Grocery, pharmacy, and park access rank in the higher national percentiles, while cafes are thinner. This mix supports workforce households who prioritize convenience, even as dining density is more typical than destination-heavy districts. Average school quality indicators track below national medians, which may influence unit mix and marketing toward adult and workforce renters rather than family-centric positioning.
Within a 3-mile radius, the population and household counts have grown over the last five years and are projected to expand further by the middle of the decade, suggesting a larger tenant base over time. As median home values in the neighborhood test the higher national percentiles, the area functions as a high-cost ownership market, which tends to reinforce reliance on rental housing and can aid lease retention and pricing power for well-positioned assets.
The neighborhood s building stock skews older than the property itself; newer assets can compete favorably on finishes and systems against pre-war inventory, while still budgeting for ongoing modernization to meet resident expectations.
Safety metrics for the neighborhood are below national benchmarks, indicating higher reported crime relative to many U.S. neighborhoods. Recent trends show year-over-year declines in both violent and property offense estimates, which is a constructive directional signal, but investors should still incorporate prudent security measures and underwriting assumptions consistent with submarket conditions.
Contextually, performance varies across the New York-Jersey City-White Plains metro and within Brooklyn so comparative comp selection at the neighborhood level is important when evaluating operations, staffing, and resident screening strategies.
Nearby corporate offices are concentrated in financial services and major brand headquarters, supporting commute-friendly workforce housing and potential resident retention tied to white-collar employment. The list below highlights proximate employers that align with the area s renter base.
- Prudential insurance & financial services (3.1 miles)
- Dr Pepper Snapple Group consumer beverages (5.8 miles)
- Aig insurance (5.9 miles) HQ
- S&P Global financial data & ratings (6.0 miles) HQ
- Guardian Life Ins. Co. of America insurance (6.0 miles) HQ
167 Riverdale Ave is a 1978-vintage, mid-size Brooklyn asset positioned in a predominantly renter-occupied neighborhood where neighborhood occupancy is strong and has improved over the last five years. The local ownership landscape skews high-cost, which can support rental demand depth and retention for competitively positioned multifamily. According to CRE market data from WDSuite, neighborhood-level occupancy trends are above national norms, reinforcing a case for stable tenancy.
Vintage relative to the area s older housing stock offers value-add potential: selective unit and systems upgrades can enhance competitive standing versus pre-war inventory while managing long-term capital needs. Forward-looking household growth within 3 miles suggests a gradually expanding renter pool, supporting leasing and renewal strategies, provided operators calibrate rents to local rent-to-income conditions.
- Strong neighborhood-level occupancy supports tenancy stability
- Deep renter base in a high-cost ownership market aids retention
- 1978 vintage presents value-add and modernization upside versus older stock
- Household growth within 3 miles points to a larger tenant base over time
- Risks: below-national safety metrics and rent-to-income pressures warrant disciplined operations