| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Good |
| Demographics | 43rd | Poor |
| Amenities | 97th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1754 Fulton St, Brooklyn, NY, 11233, US |
| Region / Metro | Brooklyn |
| Year of Construction | 1982 |
| Units | 97 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1754 Fulton St, Brooklyn Multifamily Investment
Positioned in an Urban Core pocket with high renter concentration and stable neighborhood occupancy, this 97-unit, 1984-vintage asset benefits from steady demand and competitive convenience, according to WDSuite’s CRE market data. Neighborhood occupancy figures reflect the area, not the property, and point to resilient leasing fundamentals supported by strong amenities and transit access.
The surrounding Urban Core neighborhood is competitive among New York-Jersey City-White Plains metro neighborhoods (ranked 207 of 889; A- rating), with amenity access that ranks in the top national quartiles for parks, groceries, pharmacies, restaurants, and cafés. This depth of daily-needs retail and open space supports resident convenience and can aid leasing and retention.
Neighborhood occupancy is 94.2% with a modest upward trend over five years, a dynamic that suggests stable renter demand at the neighborhood level rather than at the property. Renter-occupied share is high (78.2%), indicating a deep tenant base for multifamily operators and consistent leasing velocity in typical market conditions, based on CRE market data from WDSuite.
Within a 3-mile radius, households have grown over the last five years and are projected to increase further through 2028, expanding the local renter pool. Median contract rents in the 3-mile area have risen historically and are forecast to advance, which supports revenue growth potential while calling for attentive lease management to maintain occupancy.
Home values in the neighborhood are elevated relative to incomes, a high-cost ownership landscape that tends to reinforce reliance on rental housing. For multifamily investors, this can translate into sustained demand depth and pricing power, balanced against rent-to-income considerations that warrant close attention to renewal strategies.
Safety indicators for the neighborhood trend below national norms, with crime metrics placing it around the metro median (ranked 464 out of 889). Nationally benchmarked violent and property offense rates index low, though recent data show year-over-year improvement in violent incidents, according to WDSuite’s CRE market data.
For investors, this context argues for prudent security measures, lighting and access controls, and community engagement to support resident comfort. Monitoring trends and coordinating with local resources can help manage risk while benefiting from the area’s broader urban demand drivers.
Nearby employment centers in Manhattan’s financial and corporate corridors underpin commuter demand and leasing stability, notably from large insurance and financial services firms including Prudential, AIG, S&P Global, Guardian Life, and AmTrust Financial.
- Prudential — insurance (4.1 miles)
- Aig — insurance (4.4 miles) — HQ
- S&P Global — financial data & ratings (4.5 miles) — HQ
- Guardian Life Ins. Co. of America — insurance (4.6 miles) — HQ
- Amtrust Financial Services — insurance (4.6 miles) — HQ
Constructed in 1984, the property is newer than much of the neighborhood’s prewar housing stock, offering relative competitiveness versus older assets while still benefiting from targeted modernization to enhance unit finishes and building systems. Neighborhood occupancy remains healthy and has edged higher in recent years, and the renter-occupied share is substantial, indicating a large tenant base that supports occupancy stability and leasing momentum.
Within a 3-mile radius, population and households have expanded with further growth expected, pointing to renter pool expansion that can support sustained demand. Elevated ownership costs in the immediate area reinforce reliance on multifamily rentals, while rising local rents suggest potential for revenue growth—balanced by rent-to-income pressures that call for disciplined lease management, according to commercial real estate analysis from WDSuite.
- 1984 vintage offers competitive positioning versus older stock, with value-add upside through modernization.
- High renter-occupied share and steady neighborhood occupancy support leasing stability.
- Strong amenity density and proximity to major employers underpin demand and retention.
- Elevated ownership costs sustain reliance on rentals, aiding pricing power over time.
- Key risks: safety metrics below national norms, potential affordability pressure, and capex for 1980s building systems.