| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 58th | Fair |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 260 Knickerbocker Ave, Brooklyn, NY, 11237, US |
| Region / Metro | Brooklyn |
| Year of Construction | 1986 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
260 Knickerbocker Ave, Brooklyn Multifamily Investment
Located in an Urban Core pocket of Brooklyn with a deep renter base and historically strong neighborhood occupancy, this asset benefits from consistent demand drivers, according to WDSuite s commercial real estate analysis. Neighborhood statistics referenced here reflect the surrounding area, not the property s in-place performance.
The property sits in a high-amenity Brooklyn location where neighborhood services are dense: grocery, restaurants, parks, pharmacies, and cafes all index at the top end nationally. The neighborhood ranks 63 out of 889 in the New York metro (top quartile nationally), signaling durable fundamentals that support leasing and retention, based on CRE market data from WDSuite.
Renter-occupied housing is the dominant tenure locally (neighborhood renter concentration ranks at the top nationally), which points to a large and active tenant base for multifamily operators. Neighborhood occupancy is 96.6% and has edged higher over the last five years, reinforcing expectations for steady leasing velocity and fewer prolonged turns at market.
Within a 3-mile radius, population and households have expanded over the past five years, and forecasts call for additional population growth with a notable increase in household count and smaller average household sizes. For investors, that combination typically widens the renter pool and can support occupancy stability and unit absorption over a multi-year hold.
Home values in the surrounding neighborhood are elevated versus national benchmarks, which tends to sustain reliance on rental housing and can support pricing power for well-managed assets. Average school ratings in the area are below national norms, which may matter for a subset of family renters, but the broader neighborhood appeal is driven by urban amenities, access, and employment proximity.
Built in 1986, the asset is newer than the neighborhood s average building vintage. That relative youth can be a competitive advantage versus older local stock, while investors should still plan for targeted modernization and systems updates to maintain positioning.
Safety indicators for the neighborhood are mixed. Compared with other New York metro neighborhoods, the area is competitive (crime rank 353 out of 889). However, relative to neighborhoods nationwide, safety metrics are below average (national percentiles are lower). Importantly, both violent and property offense estimates improved year over year, with double-digit declines that indicate a positive directional trend.
Investors should underwrite with current local data, monitor ongoing trend lines, and consider operational measures that support resident comfort without assuming block-level uniformity.
Proximity to major corporate employers underpins workforce rental demand and commute convenience for residents. Nearby nodes include JetBlue, Con Edison, Consolidated Edison, New York Life, and Yahoo.
- JetBlue Airways corporate offices (3.4 miles) HQ
- Con Edison Distribution Engineering corporate offices (4.0 miles)
- Consolidated Edison corporate offices (4.0 miles) HQ
- New York Life Insurance Company corporate offices (4.0 miles)
- Yahoo corporate offices (4.0 miles)
This 60-unit, Urban Core Brooklyn asset is positioned in a neighborhood with top-quartile fundamentals, high amenity density, and a deep base of renter-occupied housing. Neighborhood occupancy of 96.6% and rising five-year trend support expectations for stable leasing, while elevated ownership costs in the area tend to reinforce rental demand for well-run properties. According to CRE market data from WDSuite, the surrounding neighborhood also posts strong income growth and rent levels versus national benchmarks, aligning with a strategy focused on steady cash flow and disciplined rent management.
Constructed in 1986, the property is newer than the local average vintage, offering relative competitiveness versus older stock; investors should still plan for targeted modernization to sustain unit desirability. Within a 3-mile radius, continued population growth and a projected increase in households point to a larger tenant base over time, supporting occupancy and absorption through the hold period.
- High neighborhood occupancy and deep renter concentration support demand stability
- 1986 vintage is newer than area average, with scope for value-add modernization
- Top-tier amenity density and proximity to major employers aid retention and leasing
- Elevated ownership costs locally reinforce reliance on multifamily housing
- Risks: below-national safety metrics, lower school ratings, and affordability pressures require prudent underwriting and active management