| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Best |
| Demographics | 47th | Poor |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2217 Caton Ave, Brooklyn, NY, 11226, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2009 |
| Units | 30 |
| Transaction Date | 2015-06-09 |
| Transaction Price | $14,225,000 |
| Buyer | CATON ACQUISITION PARTNERS, LLC |
| Seller | --- |
2217 Caton Ave Brooklyn Multifamily Investment
Renter demand is deep in this Urban Core Brooklyn neighborhood, supported by dense amenities and a high share of renter-occupied housing, according to WDSuite’s CRE market data. The area’s occupancy trends are near the national middle, suggesting steady lease-up potential with disciplined management.
The neighborhood around 2217 Caton Ave scores A- and ranks 135 out of 889 metro neighborhoods, placing it in the top quartile locally for overall livability and CRE fundamentals. Amenity access is a clear strength: grocery, restaurant, cafe, and pharmacy densities sit in the top national percentiles, which supports daily convenience and tenant retention.
The housing stock in the area is older on average (mid-20th century), while the subject property’s 2009 vintage is newer than much of the competitive set. That positioning can reduce near-term capital exposure and enhance leasing appeal versus legacy product, though selective system upgrades and common-area refreshes may still be prudent over a hold.
This is a renters’ market: the neighborhood shows a high renter-occupied share, indicating a broad tenant base and durable multifamily demand. Neighborhood occupancy is around the national midpoint, which points to manageable vacancy risk when paired with effective leasing operations and product differentiation.
Within a 3-mile radius, demographics show modest population growth and an increase in households alongside smaller average household sizes over the last five years. These trends expand the renter pool and can support occupancy stability. Elevated home values relative to incomes (high national percentiles) reflect a high-cost ownership market, which tends to sustain reliance on multifamily housing and can reinforce pricing power, per WDSuite’s multifamily property research.
School ratings trend below national averages, which may matter for family-oriented renters. Even so, the area’s amenity depth, transit connectivity, and employment access are competitive drivers for working-age renters in the broader New York-Jersey City-White Plains metro.
Safety indicators are mixed and warrant monitoring. The neighborhood’s crime rank is 397 among 889 metro neighborhoods, indicating higher reported crime than many areas of the metro. Nationally, the neighborhood sits in lower safety percentiles, particularly for violent and property offenses.
That said, recent year-over-year trends show declines in both violent and property offense rates in WDSuite’s data. Investors typically account for these dynamics via security measures, lighting, access controls, and resident engagement to support retention and asset performance.
Proximity to major employers in finance, insurance, and business services supports a deep renter base and commute convenience for residents. Nearby demand drivers include Dr Pepper Snapple Group, S&P Global, AIG, Guardian Life, and Robert Half.
- Dr Pepper Snapple Group — corporate offices (3.7 miles)
- S&P Global — financial information & ratings (4.4 miles) — HQ
- Aig — insurance (4.5 miles) — HQ
- Guardian Life Ins. Co. of America — insurance (4.5 miles) — HQ
- Robert Half International — professional staffing (4.6 miles)
Built in 2009, this 30-unit property offers a newer-vintage alternative in a Brooklyn neighborhood dominated by older stock. Based on commercial real estate analysis from WDSuite, the area combines top-tier amenity access with a high share of renter-occupied housing, supporting a large tenant base and steady leasing. Neighborhood occupancy trends sit around the national midpoint, suggesting stable operations with effective leasing and unit finishes. Elevated ownership costs relative to income strengthen rental reliance, while within 3 miles, rising household counts and smaller household sizes point to a growing renter pool.
Investor considerations include below-average school ratings and safety metrics that require ongoing management attention. However, the property’s competitive vintage, dense amenity context, and access to major employment centers position it well for durable demand and selective value-add execution.
- Newer 2009 vintage versus older neighborhood stock supports competitive positioning and moderated near-term capex.
- High renter concentration and strong amenities underpin demand depth and lease retention.
- Elevated ownership costs reinforce multifamily reliance, aiding pricing power and occupancy stability.
- 3-mile demographics show more households and smaller sizes, expanding the renter pool over time.
- Risks: below-average school ratings and safety metrics require proactive management and security investments.