| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 90th | Best |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 169 Columbia St, Brooklyn, NY, 11231, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2007 |
| Units | 57 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
169 Columbia St, Brooklyn Multifamily in Prime Amenity Core
Positioned in an Urban Core pocket with strong renter demand and high-income households, this 2007 asset benefits from robust neighborhood fundamentals, according to WDSuite’s CRE market data.
The surrounding neighborhood rates A+ and is competitive among New York-Jersey City-White Plains neighborhoods (8th of 889), reflecting durable location fundamentals that support leasing. Amenity access is a local strength: cafes, restaurants, groceries, parks, and pharmacies all score in the top quartile nationally, indicating daily conveniences within close reach and broad lifestyle appeal.
Schools in the area average above the national norm (top decile nationally), which can aid retention among family renters. Neighborhood occupancy is stable around the national middle, and should be viewed alongside strong renter-occupied concentration — at the neighborhood level, more than half of housing units are renter-occupied, indicating a deep tenant base. Within a 3-mile radius, renter-occupied share is even higher, reinforcing depth of demand for multifamily.
Demographics within a 3-mile radius show recent population growth and a larger household base, with projections calling for additional gains and smaller average household sizes by 2028. This points to continued renter pool expansion and supports occupancy stability for well-located product. High median incomes and elevated home values (both in the top percentiles nationally) suggest a high-cost ownership market that can sustain reliance on multifamily housing, supporting pricing power when managed carefully.
Vintage also matters for competitive positioning: the average nearby housing stock dates to the 1940s, while this property was built in 2007. The newer vintage offers an edge over older neighborhood stock and may require targeted systems updates or common-area refreshes over the hold to maintain positioning.
Safety indicators sit below national medians but have improved year over year, with both violent and property offense rates trending down according to WDSuite’s data. Compared with other neighborhoods in the New York-Jersey City-White Plains metro (889 total), the area is not among the top-ranked for safety; investors should underwrite with prudent security, lighting, and access-control measures and consider how management protocols can sustain leasing performance.
- Dr Pepper Snapple Group — consumer beverages (0.94 miles)
- S&P Global — financial information services (1.23 miles) — HQ
- Guardian Life Ins. Co. of America — insurance (1.30 miles) — HQ
- Robert Half International — professional staffing (1.31 miles)
- AIG — insurance (1.40 miles) — HQ
A dense cluster of corporate employers within roughly two miles supports commuter convenience and a deep professional renter base. The nearby employment mix spans finance, insurance, and consumer brands that can aid leasing velocity and retention.
169 Columbia St offers newer-vintage apartments in an Urban Core location where amenities, schools, and incomes rank in the upper tiers nationally. Neighborhood occupancy trends are steady and the local renter-occupied share is substantial, while 3-mile demographics point to population growth and a larger household base by 2028 — all supportive of a deepening tenant pool. Elevated ownership costs in the area tend to reinforce reliance on rentals, and, based on CRE market data from WDSuite, the neighborhood’s NOI-per-unit benchmarks are among the metro’s strongest, underscoring income potential for well-managed assets.
Built in 2007, the property competes favorably versus older housing stock common in the submarket, yet investors should reserve for ongoing systems upgrades and unit refreshes over the hold. Safety metrics trail national benchmarks but are improving; prudent security and operating practices can help sustain leasing performance.
- Amenity-rich Urban Core location with top-tier schools and incomes supporting demand and retention.
- Newer 2007 vintage relative to older neighborhood stock, offering competitive positioning with targeted capex.
- 3-mile demographics signal renter pool expansion through 2028, supporting occupancy stability.
- High-cost ownership context supports rental reliance and disciplined pricing power.
- Risk: Safety indicators are below national medians; plan for security, lighting, and access control in operations.