| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Best |
| Demographics | 83rd | Best |
| Amenities | 100th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 182 15th St, Brooklyn, NY, 11215, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2009 |
| Units | 31 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
182 15th St Brooklyn Multifamily Investment Opportunity
Neighborhood data points to durable renter demand, with a renter-occupied share above half and steady occupancy at the neighborhood level, according to WDSuite s CRE market data.
Situated in Brooklyn s Urban Core, the neighborhood ranks competitively among 889 New York Jersey City White Plains metro neighborhoods for amenities, with national amenity measures in the top tier. Dense coverage of parks, groceries, pharmacies, and restaurants supports daily convenience that typically aids leasing velocity and retention for multifamily.
The property s 2009 construction is newer than the area s older housing stock. For investors, that generally means stronger competitive positioning versus prewar product while still planning for mid-life system upgrades or targeted modernization to capture rent premiums.
At the neighborhood level, renter-occupied housing accounts for a majority of units, indicating a deep tenant base for multifamily. Median contract rents track near the high end for the metro and well above national medians, while rent-to-income readings suggest manageable affordability pressure locally a combination that can support pricing power but still warrants attentive lease management.
Demographic statistics within a 3-mile radius show stable population with a rising household count and higher-income segments expanding. Forward-looking projections indicate additional household growth and a modest reduction in average household size, which typically expands the renter pool and supports occupancy stability. Average school ratings sit above the national median, which can aid family retention without being a primary driver of demand in this urban context.
Safety metrics for the neighborhood trend below the national median for safety, and the neighborhood s rank relative to 889 metro neighborhoods indicates it is not among the metro s lowest-risk areas. However, recent year data shows meaningful declines in both property and violent offense rates compared with the prior year, suggesting improvement momentum. As with most urban core locations, conditions can vary across micro-areas; investors typically underwrite with conservative assumptions and emphasize well-lit common areas, access control, and active management.
Nearby corporate offices span beverages, financial information, insurance, and professional services a diversified employment base that supports renter demand and commute convenience for residents. The employers below reflect the closest concentrations supporting leasing stability.
- Dr Pepper Snapple Group beverages (1.7 miles)
- S&P Global financial information (2.7 miles) HQ
- Guardian Life Ins. Co. of America insurance (2.8 miles) HQ
- Robert Half International professional staffing (2.8 miles)
- AIG insurance (2.9 miles) HQ
182 15th St offers a 2009-vintage, small-scale multifamily asset in a high-amenity Brooklyn submarket where renter households are the majority. Elevated ownership costs in the immediate area tend to reinforce reliance on rental housing, while neighborhood occupancy remains solid and rent-to-income levels point to manageable affordability pressure that supports retention. Based on commercial real estate analysis from WDSuite, amenity access and income depth compare favorably to national benchmarks, strengthening the property s positioning for leasing.
The asset s newer vintage relative to the area s older housing stock can reduce near-term capital needs versus prewar comparables, with potential to capture rent premiums via targeted updates as systems age. Within a 3-mile radius, household counts have been rising and are projected to increase further, implying a larger tenant base and support for occupancy stability over a multi-year hold.
- Amenity-rich Urban Core location supports leasing velocity and retention.
- 2009 construction competes well against older local stock; plan for mid-life system updates.
- Majority renter-occupied neighborhood and high-cost ownership market bolster rental demand.
- 3-mile household growth and income depth point to a larger tenant base and occupancy stability.
- Risk: safety metrics sit below the national median, though trending improvement warrants continued on-site security and management focus.