| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 82nd | Best |
| Amenities | 83rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 266 22nd St, Brooklyn, NY, 11215, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2002 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
266 22nd St Brooklyn Multifamily — 2003 Urban Core Asset
Newer-than-average construction in a high renter-occupied neighborhood supports steady tenant demand and competitive positioning, according to WDSuite’s CRE market data. Elevated local home values favor lease retention and pricing power, while rent-to-income levels suggest manageable affordability pressure.
Situated in Brooklyn’s Urban Core, the neighborhood rates strongly for investors, ranking above the metro median among 889 New York–Jersey City–White Plains neighborhoods. Amenity access is a clear strength: cafe, grocery, restaurant, and pharmacy densities score in the top quartile nationally, and the average school rating sits at the 100th percentile nationwide — factors that generally support renter appeal and lease stability.
The area’s housing stock trends older on average, but this property’s 2003 vintage is newer than typical for the neighborhood (1950s-era baseline), which can be a competitive differentiator while still warranting selective modernization or system updates in capital plans. Neighborhood occupancy is above the national median, and a high share of renter-occupied housing units (top decile nationally) indicates a deep tenant base for multifamily operators.
Within a 3-mile radius, demographics point to an expanding renter pool: households have increased in recent years and are projected to continue rising, even as household sizes trend smaller. Coupled with higher home values (near the top nationally), the ownership market’s cost profile tends to reinforce reliance on multifamily housing, supporting demand and potentially aiding rent growth management.
Median contract rents in the neighborhood are high relative to the nation, yet rent-to-income levels indicate comparatively moderate affordability pressure for local renters. Taken together — strong amenities and schools, deep renter concentration, and newer-than-average property vintage — the local fundamentals are aligned with stable occupancy and resilient leasing, based on CRE market data from WDSuite.
Safety trends are mixed but improving. The neighborhood’s crime ranking is competitive within the New York metro (ranked better than many areas among 889 neighborhoods), though it sits below the national median for safety by percentile. Notably, both property and violent offense rates show year-over-year improvement, which is constructive for long-term leasing stability.
Investors should interpret these signals at the neighborhood level rather than the block: comparatively favorable standing in the metro supports day-to-day livability, while national standing suggests prudent underwriting and proactive resident-experience measures remain appropriate.
Nearby corporate offices provide a diverse white-collar employment base that supports renter demand and short commutes, led by consumer brands and financial services firms listed below.
- Dr Pepper Snapple Group — corporate offices (1.9 miles)
- S&P Global — financial services (3.1 miles) — HQ
- Guardian Life Ins. Co. of America — insurance (3.2 miles) — HQ
- Robert Half International — staffing & consulting (3.2 miles)
- AIG — insurance (3.3 miles) — HQ
266 22nd St offers a 2003-vintage multifamily asset in a Brooklyn neighborhood with strong amenity depth and nationally top-tier school ratings. The property’s newer construction relative to the area’s older baseline can enhance competitive positioning versus legacy stock, with selective modernization still worth planning for. High neighborhood renter concentration and above-median occupancy support demand resilience, while elevated ownership costs in the area reinforce reliance on multifamily housing. According to CRE market data from WDSuite, neighborhood rents are high nationally but rent-to-income metrics suggest manageable affordability pressure, aiding retention strategies.
Within a 3-mile radius, households have been increasing and are projected to expand further, implying a larger tenant base as household sizes modestly decline. Combined with a diversified white-collar employment base nearby, these dynamics support steady leasing and long-term cash flow durability, while acknowledging cyclical sensitivities typical of major coastal metros.
- Newer 2003 vintage versus older neighborhood stock, with potential to outperform legacy buildings
- Deep renter-occupied housing base and above-national-median occupancy support demand stability
- Strong amenities and top-tier school ratings bolster leasing appeal and retention
- Ownership costs among the highest nationally reinforce sustained renter reliance on multifamily
- Risks: safety is below the national median despite metro-competitive rankings; coastal employment mix can add cyclical volatility