| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 82nd | Best |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 225 N 9th St, Brooklyn, NY, 11211, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2012 |
| Units | 34 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
225 N 9th St Brooklyn Multifamily Investment
Neighborhood occupancy and a high renter-occupied share point to durable tenant demand, according to WDSuite’s CRE market data. This location offers income stability potential supported by deep urban amenities and a large renter pool.
This Urban Core enclave in Brooklyn ranks near the top of the metro (A+ neighborhood rating; 7 of 889) and sits in the top quartile nationally for overall livability. Amenity access is a standout: cafes, restaurants, groceries, parks, and pharmacies all benchmark in the 99th–100th national percentiles, which supports leasing velocity and day-to-day convenience for residents.
Renter-occupied housing is prevalent (high renter concentration; 78%+ at the neighborhood level), indicating a deep tenant base for multifamily operators and supporting occupancy stability through cycles. Neighborhood occupancy trends sit above many U.S. submarkets (around the 71st national percentile), suggesting relatively limited downtime between turns compared with typical markets.
Construction year for the property is 2012, materially newer than the neighborhood’s older housing stock (average vintage mid-1970s). For investors, newer construction can reduce near-term capital exposure and position the asset competitively versus legacy inventory, while still planning for mid-life systems upgrades and common-area refresh over the hold.
Within a 3-mile radius, population and household counts have grown and are projected to continue expanding, indicating renter pool expansion. Household incomes skew high relative to national norms, while home values are elevated for owners; together this points to a high-cost ownership market that tends to sustain multifamily demand and can support pricing power with thoughtful lease management.
School ratings average around the national midpoint, which is serviceable for broad renter appeal but not a key differentiator. Overall, the combination of national top-tier amenities and strong renter concentration is competitive among New York–Jersey City–White Plains neighborhoods and supports long-term leasing fundamentals.
Safety metrics indicate the area trends below the national median for safety, with violent and property offense measures in lower national percentiles. In the metro context (889 neighborhoods), this does not place the neighborhood among the safer cohorts. That said, recent year-over-year readings show declines in both violent and property offenses, a constructive directional trend to monitor alongside local enforcement and community initiatives.
For underwriting, consider modestly higher security, lighting, and access-control line items and emphasize resident communication. Investors often pair these measures with amenity-forward positioning to reinforce retention in dense urban locations.
Proximity to major corporate offices supports commuter convenience and a broad white-collar renter base, including utilities, media/tech, and insurance. The employers below reflect the nearby employment anchors most relevant to resident demand and retention.
- Con Edison Distribution Engineering — utilities engineering (2.1 miles)
- Consolidated Edison — utilities (2.1 miles) — HQ
- Yahoo — media & technology (2.2 miles)
- New York Life Insurance Company — insurance (2.2 miles)
- Netflix — media & entertainment (2.3 miles)
225 N 9th St is a 2012-vintage, 34-unit asset positioned in a nationally competitive urban neighborhood where amenity density and renter concentration are among the strongest differentiators. High renter-occupied share at the neighborhood level underpins a large tenant base and supports occupancy stability. Elevated home values locally suggest a high-cost ownership market, which tends to reinforce reliance on multifamily housing and can support disciplined pricing power. According to CRE market data from WDSuite, neighborhood occupancy is above many U.S. areas and NOI per unit benchmarks in top national tiers for similar urban cores.
Within a 3-mile radius, both population and households have increased with further gains expected, pointing to a larger renter pool over time. The 2012 construction provides relative competitive positioning versus older stock and may keep near-term capital outlays manageable, while still planning for mid-life system maintenance and select value-add upgrades to enhance rent roll and retention.
- Deep renter base and above-average neighborhood occupancy support durable cash flow potential
- 2012 vintage offers competitive positioning versus older inventory with manageable mid-life capex planning
- Elevated ownership costs locally reinforce renter demand and can aid pricing power with prudent lease strategy
- 3-mile demographic growth expands the tenant pool and supports leasing velocity
- Risk: Safety metrics trend below national median; incorporate security/operational measures and conservative underwriting