| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Best |
| Demographics | 55th | Fair |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3051 Brighton 3rd St, Brooklyn, NY, 11235, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2011 |
| Units | 34 |
| Transaction Date | 2007-06-12 |
| Transaction Price | $1,175,000 |
| Buyer | KISIN IGOR |
| Seller | AHP CORPORATION |
3051 Brighton 3rd St Brooklyn Multifamily Investment
Stabilized renter demand in an amenity-rich Urban Core location supports steady leasing, according to WDSuite’s CRE market data. Newer 2011 construction offers competitive positioning versus older neighborhood stock.
This Brighton Beach–area neighborhood scores an A and ranks 108 out of 889 metro neighborhoods, placing it in the top quartile locally for overall livability and investment appeal. Amenity density is a clear strength: cafes, groceries, parks, and pharmacies track in the upper national percentiles, which helps sustain foot traffic and renter convenience important for resident retention.
Multifamily fundamentals are constructive. The neighborhood s occupancy is about 94% with a modest five-year uptick, suggesting resilient demand through cycles. Renter-occupied share is high (about 63% of housing units), indicating a deep tenant base that typically supports leasing velocity and reduces downtime between turns.
The property s 2011 vintage is meaningfully newer than the neighborhood s average construction year of 1968. For investors, this generally implies stronger competitive positioning versus older stock and potentially lower near-term capital reserves, while still planning for periodic system updates and modernization as the asset seasons.
Within a 3-mile radius, households have grown recently and are projected to expand further even as average household size trends lower. That combination points to a larger renter pool over time and supports occupancy stability. Median home values sit in higher national percentiles and the value-to-income ratio is elevated, signaling a high-cost ownership market that tends to reinforce reliance on multifamily rentals. School ratings are around the national midpoint, which is serviceable for a broad renter demographic. According to WDSuite, neighborhood NOI per unit trends are above national norms, aligning with the area s strong amenity access and renter concentration.
Safety indicators are mixed. Nationally, the neighborhood s violent and property offense rates sit in lower percentiles (3rd and 7th, respectively), indicating higher crime incidence than many U.S. neighborhoods. At the same time, both categories have improved over the last year, with declines outpacing many areas nationwide, which investors may view as a constructive trend to monitor.
Given variability by block and building, investors typically underwrite security measures, lighting, and operating practices to support resident comfort and retention, and track ongoing trend improvements rather than relying on single-period readings.
Proximity to Manhattan and Downtown Brooklyn provides access to a broad white-collar employment base that supports renter demand and commute convenience, including roles in beverages, insurance, financial services, staffing, and ratings. Employers listed below reflect nearby corporate offices and headquarters presence.
- Dr Pepper Snapple Group — beverages (7.6 miles)
- Prudential — insurance (8.6 miles)
- S&P Global — financial information & ratings (9.0 miles) — HQ
- Guardian Life Ins. Co. of America — insurance (9.0 miles) — HQ
- Robert Half International — staffing & recruiting (9.0 miles)
3051 Brighton 3rd St combines a deep renter base with durable location fundamentals. Neighborhood occupancy has trended stable and renter-occupied share is high, supporting leasing continuity. Elevated ownership costs in the area tend to sustain reliance on rentals, and amenity density is among the strongest nationally. The property s 2011 construction is notably newer than the neighborhood average, offering competitive positioning versus older stock with a manageable path for targeted upgrades rather than full-scale repositioning. According to CRE market data from WDSuite, the neighborhood s performance is consistent with above-average national benchmarks on amenities and income yield metrics.
Within a 3-mile radius, households have increased and are projected to expand further as household sizes trend smaller, which generally enlarges the tenant base and supports occupancy stability. Key underwriting considerations include managing rent-to-income affordability pressure and monitoring safety metrics, which, while showing year-over-year improvement, remain below national norms.
- Amenity-rich Urban Core location with top-quartile neighborhood ranking in the metro
- High renter-occupied share supports depth of demand and leasing stability
- 2011 vintage offers competitive positioning versus older local stock with targeted value-add potential
- Household growth within 3 miles points to a larger renter pool and supports occupancy
- Risks: affordability pressure (rent-to-income) and below-average safety metrics warrant disciplined lease and operating management