| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 93rd | Best |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 182 Eagle St, Brooklyn, NY, 11222, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2004 |
| Units | 25 |
| Transaction Date | 2023-10-13 |
| Transaction Price | $10,000,000 |
| Buyer | 182 EAGLE ST REALTY LLC |
| Seller | EAGLE BSD LLC |
182 Eagle St Brooklyn Urban-Core Multifamily Investment
Neighborhood-level occupancy is in the low 90s with a deep renter base, supporting leasing stability according to WDSuite’s CRE market data. Elevated ownership costs in this part of Brooklyn continue to channel demand toward rentals.
The property sits within an Urban Core pocket of Brooklyn that carries a high neighborhood rating (A+) and ranks 25th among 889 metro neighborhoods, placing it firmly in the top quartile nationally. For investors, this translates to strong day-to-day fundamentals and consistent renter demand.
Amenity access is a clear strength. Neighborhood metrics place restaurants, groceries, parks, and pharmacies in very high national percentiles, indicating walkable convenience that helps support retention and pricing power. Childcare density also scores among the strongest nationally, an advantage for lease stability across life stages.
Housing dynamics favor multifamily. The neighborhood has a high share of renter-occupied units (neighborhood-level measure), creating a broad tenant base for smaller assets. Median contract rents are elevated by national standards, while the rent-to-income ratio indicates manageable affordability pressure relative to comparable urban submarkets—useful context for revenue management.
Schools benchmark at the top of national comparisons, and the area’s newer-vs-metro vintage profile is favorable: a 2004 construction year is newer than the neighborhood average. For investors, that suggests relatively competitive positioning versus older stock, while acknowledging that systems modernization and common-area refresh cycles may still be prudent over the hold.
Within a 3-mile radius, demographics show a large and diversified population with continued household growth and smaller average household sizes projected, pointing to renter pool expansion and support for occupancy stability. Based on CRE market data from WDSuite, these trends align with sustained demand for well-located, professionally managed units.
Safety benchmarks compare less favorably to national norms in this neighborhood, with crime measures below higher national percentiles and roughly mid-pack within the New York–Jersey City–White Plains metro (445th out of 889). For underwriting, this typically warrants prudent security planning and attention to operational best practices.
Recent trends are mixed: property offenses show a modest year-over-year improvement, while violent offense estimates ticked up. Investors should interpret these as neighborhood-level signals and review block-by-block context during diligence rather than extrapolating to the subject property.
Proximity to major corporate offices underpins renter demand and commute convenience in this urban corridor. Notable nearby employers include JetBlue Airways, New York Life, Verizon, Pfizer, and L3Harris (L-3 Communications), supporting a diversified white-collar employment base.
- Jetblue Airways — airline (1.34 miles) — HQ
- New York Life Insurance Company — insurance (1.42 miles)
- Verizon Communications — telecom (1.42 miles)
- Pfizer — pharmaceuticals (1.44 miles) — HQ
- L-3 Communications — defense & aerospace (1.52 miles) — HQ
182 Eagle St is a 2004-vintage, 25-unit multifamily asset positioned in a top-ranked Urban Core neighborhood of Brooklyn. The area’s elevated home values and strong amenity access reinforce reliance on rentals, while the neighborhood’s renter concentration supports a deep tenant base. According to CRE market data from WDSuite, neighborhood occupancy is in the low 90s and median rents benchmark high nationally, indicating durable demand with measured affordability pressure.
Forward-looking demographics aggregated within a 3-mile radius point to continued household growth and smaller average household sizes, which typically favors compact units and supports lease-up and retention for professionally managed assets. Being newer than the neighborhood average, the 2004 vintage provides competitive positioning versus older stock, though investors should still plan for ongoing modernization and operational enhancements given urban safety benchmarks and typical mid-cycle capital needs.
- Top-tier Urban Core location with high amenity access supporting retention and pricing power
- Deep renter base and neighborhood-level occupancy in the low 90s underpinning leasing stability
- Elevated ownership costs reinforce demand for rentals and support long-term fundamentals
- 2004 vintage offers competitive positioning versus older stock with manageable modernization plans
- Risks: urban safety benchmarks below national norms and potential affordability pressure requiring active lease management