| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 58th | Fair |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 170 Johnson Ave, Brooklyn, NY, 11206, US |
| Region / Metro | Brooklyn |
| Year of Construction | 1981 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
170 Johnson Ave, Brooklyn Multifamily Investment
Neighborhood fundamentals indicate durable renter demand and steady utilization at the neighborhood level, according to WDSuite’s CRE market data. Position within Brooklyn’s Urban Core supports leasing stability and disciplined rent management.
Set within Brooklyn’s Urban Core, the asset benefits from a neighborhood rated A and ranked 63 out of 889 across the New York–Jersey City–White Plains metro, indicating competitive positioning among metro neighborhoods. Amenity access is a local strength: restaurants and grocery options register near the top of national distributions, with parks and pharmacies also in high percentiles—conveniences that support retention and day-to-day livability.
Renter demand is deep: a large share of housing units are renter-occupied at the neighborhood level, and occupancy trends read above national norms, reinforcing income stability and limiting downtime between turns. These conditions typically expand the prospect pool for urban multifamily and support renewal performance through the cycle.
The building’s 1981 vintage is newer than the neighborhood’s average construction year of 1964. That relative youth can enhance competitiveness versus older stock, while prudent capital planning for aging systems and targeted renovations can position the asset well against updated comparables.
Within a 3-mile radius, demographic data shows recent growth in population and households, with forecasts pointing to continued expansion and smaller average household sizes. This translates to a larger tenant base for smaller-format units and support for occupancy stability. Elevated neighborhood home values (in higher national percentiles) tend to sustain reliance on rental housing, while rent-to-income levels suggest affordability pressure that owners should manage through thoughtful lease and amenity strategies. School ratings trend below national medians, a consideration for family-oriented demand, but less likely to weigh on smaller-unit, urban renter cohorts.
Neighborhood safety indicators compare less favorably to national benchmarks, with both violent and property offense rates positioned in lower national percentiles (i.e., less safe relative to many U.S. neighborhoods). That said, recent year-over-year estimates indicate double-digit declines in both categories at the neighborhood level, signaling improvement. Investors should incorporate on-site security, building access controls, and block-level observations into underwriting alongside metro and neighborhood trend data.
Nearby corporate employment anchors in Manhattan and Brooklyn broaden the commuter renter base and support retention through convenience. Notable employers include Yahoo, Con Edison (including Distribution Engineering), Consolidated Edison, JetBlue, and New York Life.
- Yahoo — media & technology offices (3.1 miles)
- Con Edison Distribution Engineering — utilities engineering offices (3.1 miles)
- Consolidated Edison — utilities (3.1 miles) — HQ
- JetBlue Airways — airline corporate offices (3.1 miles) — HQ
- New York Life Insurance Company — insurance (3.2 miles)
170 Johnson Ave pairs scale (42 units) with a neighborhood that exhibits high utilization and a large renter base. Neighborhood occupancy reads above national norms and the share of renter-occupied housing units is high, supporting depth of demand and income durability; according to CRE market data from WDSuite, these trends are favorable at the neighborhood level. The 1981 vintage is newer than the local average, offering a competitive stance versus older stock, while targeted system updates and common-area refreshes can unlock value-add potential.
Within a 3-mile radius, population and household counts have grown and are forecast to expand further, alongside smaller average household sizes—factors that typically support absorption for smaller units and occupancy stability. Dense amenities bolster retention and pricing power, while elevated ownership costs reinforce renter reliance on multifamily housing. Risks to monitor include neighborhood safety metrics that trail national benchmarks, below-median school ratings, and rent-to-income pressure that calls for disciplined lease management.
- Strong neighborhood occupancy and high renter concentration support income stability
- 1981 vintage newer than local average, with value-add via targeted renovations
- 3-mile radius shows growing and diversifying renter pool supporting absorption
- Risks: neighborhood safety below national benchmarks, lower school ratings, and affordability pressure requiring careful lease management