| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Best |
| Demographics | 60th | Fair |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 175 Stuyvesant Ave, Brooklyn, NY, 11221, US |
| Region / Metro | Brooklyn |
| Year of Construction | 1973 |
| Units | 78 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
175 Stuyvesant Ave, Brooklyn Multifamily Investment
Neighborhood data point to durable renter demand and steady occupancy, according to WDSuite’s CRE market data, supporting income stability for a 1970s mid-rise in Brooklyn’s urban core. Strong local amenities and a deep renter pool reinforce leasing fundamentals while allowing for selective value-add execution.
The property sits in an Urban Core neighborhood with an A rating (80th of 889 metro neighborhoods), indicating competitive fundamentals among New York–Jersey City–White Plains subareas. Amenity access is a clear strength: grocery, parks, restaurants, pharmacies, and cafes register in the top national percentiles, helping support resident retention and daily convenience.
Renter concentration in the neighborhood is high (renter-occupied share well above the national average), signaling a sizable tenant base for multifamily. Neighborhood occupancy has trended upward in recent years, supporting leasing stability, though performance sits closer to the metro middle than the top tier. For investors, this mix suggests dependable absorption with room to compete on product quality and management.
Within a 3-mile radius, demographics show recent population growth alongside a faster increase in households, pointing to smaller household sizes and a larger renter pool over time. Forecasts through 2028 indicate continued gains in households and incomes, which can support rent levels and reduce downtime between turns. Elevated home values in the neighborhood, relative to national norms, reflect a high-cost ownership market that typically sustains multifamily demand and can aid pricing power when managed carefully.
The asset’s 1973 vintage is newer than the neighborhood’s older building stock, offering relative competitiveness versus prewar properties while still benefiting from targeted modernization (systems, interiors, and common areas) to strengthen positioning. Based on multifamily property research from WDSuite, neighborhood NOI per unit trends above national averages, reinforcing the case for disciplined value-add and professional operations.
Safety metrics for the neighborhood compare below national medians, indicating higher reported offense rates than many U.S. neighborhoods. However, recent year-over-year data show declines in both violent and property offense estimates, suggesting an improving trend that investors should monitor alongside local initiatives and on-the-ground property management practices.
Within the New York–Jersey City–White Plains metro (889 neighborhoods), the area performs closer to the middle rather than the safest cohort. For underwriting, it is prudent to budget for security-conscious operations and resident engagement while recognizing the positive directional movement in recent data.
Proximity to major employers in finance, insurance, and media supports a commuter renter base and can aid lease retention through convenience. Key nearby anchors include AIG, S&P Global, Guardian Life, AmTrust Financial Services, and Yahoo.
- AIG — insurance (4.0 miles) — HQ
- S&P Global — financial information & ratings (4.1 miles) — HQ
- Guardian Life Ins. Co. of America — insurance (4.2 miles) — HQ
- Amtrust Financial Services — insurance (4.2 miles) — HQ
- Yahoo — media & technology (4.2 miles)
This 78-unit, 1973-vintage property benefits from a deep renter base, top-tier neighborhood amenities, and improving occupancy trends at the neighborhood level. The vintage is newer than much of the surrounding housing stock, creating a relative edge versus prewar assets while leaving room for targeted modernization to support rent levels and tenant retention. Elevated local home values indicate a high-cost ownership market that reinforces reliance on rental housing, which can support pricing power when paired with strong operations.
According to WDSuite’s commercial real estate analysis, the neighborhood’s income profile and amenity density are supportive of long-term renter demand, while recent declines in reported offense rates point to incremental improvement from a lower starting baseline. Investors should underwrite for security-conscious management and selective capital upgrades, balancing value-add upside with disciplined expense control.
- Deep renter base and strong amenity access support leasing and retention
- 1973 vintage is newer than local stock, with clear modernization upside
- High-cost ownership market reinforces multifamily demand and pricing power
- Neighborhood occupancy trending up, with room to compete on quality and management
- Risk: safety metrics below national medians; budget for security-oriented operations