| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 58th | Fair |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 175 Seigel Ct, Brooklyn, NY, 11206, US |
| Region / Metro | Brooklyn |
| Year of Construction | 1972 |
| Units | 65 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
175 Seigel Ct Brooklyn Multifamily Investment Opportunity
Neighborhood fundamentals point to durable renter demand and high occupancy, according to WDSuite’s CRE market data. Investors evaluating this submarket can focus on stable operations supported by an Urban Core location and deep renter base rather than outsized lease-up risk.
Rated A and ranked 63 out of 889 neighborhoods in the New York-Jersey City-White Plains metro, this Urban Core location is competitive among New York metro neighborhoods. Amenity access is a clear strength: restaurants and groceries sit in the top national percentiles, supporting day-to-day convenience and renter retention.
Neighborhood occupancy is strong and competitive among New York-Jersey City-White Plains neighborhoods (rank 247 of 889), reinforcing an operations-first thesis focused on keeping units full. The area’s renter-occupied share is very high, indicating a deep tenant base for multifamily; paired with elevated ownership costs (home values in a high national percentile), this mix tends to sustain rental demand and pricing power with prudent lease management.
Within a 3-mile radius, population and household counts have grown over the past five years, with additional growth forecast through 2028. That expansion, alongside a shift toward smaller average household size, supports a larger pool of renters and helps underpin occupancy stability. These trends align with investor takeaways surfaced through multifamily property research and, based on CRE market data from WDSuite, are consistent with the broader Urban Core demand profile.
Vintage context: the property’s 1972 construction is newer than the neighborhood’s average vintage (1964 rank 353 of 889). That relative position often helps competitiveness versus older local stock, though investors should still plan for targeted system upgrades or common-area refreshes to meet current renter expectations.
Counterpoints to watch: average school ratings trail national norms, which can temper appeal for some family renters, and the neighborhood’s rent-to-income ratio signals affordability pressure for certain cohorts. Both factors argue for disciplined renewal strategies and amenity positioning rather than aggressive rent moves.
Safety trends require a balanced read. The neighborhood’s crime rank is 353 out of 889 within the New York-Jersey City-White Plains metro, indicating performance that is above the metro median, while national comparisons place the area below the top tiers for safety. Recent year-over-year declines in both violent and property offense rates point to improving momentum, which can support leasing stability if the downtrend persists.
Investors should frame safety as a comparative and trending factor in underwriting, pairing recent improvement with prudent assumptions on marketing, security measures, and on-site management to support retention.
Nearby employers provide a broad white-collar base and commute convenience that supports renter demand, including aviation, utilities, and technology/finance anchors listed below.
- JetBlue Airways — airline HQ (3.15 miles) — HQ
- Con Edison Distribution Engineering — utilities engineering (3.39 miles)
- Consolidated Edison — utilities HQ (3.40 miles) — HQ
- Yahoo — technology offices (3.41 miles)
- New York Life Insurance Company — insurance (3.46 miles)
This 65-unit asset at 175 Seigel Ct benefits from a deep renter pool, strong neighborhood occupancy, and exceptional amenity access. The 1972 vintage is newer than the surrounding stock average, suggesting relative competitiveness versus older buildings while still warranting targeted capital for modernization. Elevated ownership costs in the area reinforce reliance on multifamily housing, supporting pricing power with careful renewal strategies.
According to CRE market data from WDSuite, the neighborhood ranks competitively within the metro and maintains high renter-occupied housing share, indicating demand depth that can backstop cash flow. Demographic growth within a 3-mile radius—paired with a trend toward smaller households—supports ongoing renter pool expansion and occupancy stability, though investors should underwrite thoughtfully for affordability pressure and varying school quality.
- Deep renter base and strong neighborhood occupancy support stable operations
- 1972 vintage newer than local average, with value-add via selective upgrades
- Amenity-rich Urban Core location aids leasing velocity and retention
- Risks: affordability pressure, below-average school ratings, and safety positioning require disciplined underwriting