| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Best |
| Demographics | 55th | Fair |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3052 Brighton 1st St, Brooklyn, NY, 11235, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2007 |
| Units | 43 |
| Transaction Date | 2012-12-28 |
| Transaction Price | $827,000 |
| Buyer | 3052 BRIGHTON PROPERTIES LLC |
| Seller | 3052 BRIGHTON ST OWNER LLC |
3052 Brighton 1st St Brooklyn Multifamily Investment
Neighborhood occupancy is solid and renter-occupied housing is prevalent, pointing to steady tenant demand near Brighton Beach, according to WDSuite’s CRE market data. Positioned in an Urban Core pocket with strong amenities, the asset can compete for retention while managing affordability pressure at the neighborhood level.
The property sits in an Urban Core neighborhood rated A and ranked 108 out of 889 metro neighborhoods, placing it in the top quartile locally. Amenity density is a clear strength: grocery, restaurant, park, childcare, and pharmacy access all rank among the highest national percentiles, supporting day-to-day convenience and renter appeal, based on CRE market data from WDSuite.
Neighborhood-level occupancy is approximately mid-60s percentile nationally with a modest five-year improvement, and the share of renter-occupied housing units is high (around the mid-90s national percentile). For investors, that translates into a deeper tenant base and generally resilient leasing, though lease management remains important where rent-to-income ratios run higher.
Within a 3-mile radius, demographics indicate a large, diverse population with recent household growth and expectations for further increases alongside slightly smaller average household sizes. This supports a larger renter pool over time and can underpin occupancy stability and ongoing demand for multifamily units.
Home values in the neighborhood are elevated versus national norms and the value-to-income ratio trends high, which tends to reinforce reliance on rental housing and can support pricing power. School ratings average near the national middle, so education access is serviceable but not a standout relative to top-performing districts.
Vintage also matters: the property’s 2007 construction is newer than the area’s older average stock (late-1960s), offering relative competitiveness versus legacy buildings while still warranting targeted modernization and systems planning as the asset seasons.
Safety signals are mixed when viewed against national benchmarks. At the neighborhood level, violent and property offense rates track below national safety percentiles, indicating higher-than-average crime compared with U.S. neighborhoods. However, recent year-over-year trends show double-digit declines in both violent and property offenses, suggesting improvement momentum. Investors should weigh current conditions against the improving trajectory and consider property-level measures that support resident confidence and retention.
Within the New York–Jersey City–White Plains metro, this area remains competitive and benefits from Urban Core activity and foot traffic, but performance is stronger when paired with operations that emphasize lighting, access controls, and coordination with local community programs over time.
Proximity to major Manhattan and Brooklyn employers supports commuter convenience and broad white-collar demand. The immediate employment draw includes Dr Pepper Snapple Group, Prudential, S&P Global, Robert Half International, and Guardian Life—providing a diversified set of office and financial services roles that can stabilize leasing.
- Dr Pepper Snapple Group — corporate offices (7.6 miles)
- Prudential — corporate offices (8.7 miles)
- S&P Global — financial services (8.9 miles) — HQ
- Robert Half International — professional staffing (9.0 miles)
- Guardian Life Ins. Co. of America — insurance (9.0 miles) — HQ
Constructed in 2007 with 43 units, the property offers a relatively newer vintage versus much of the surrounding housing stock, providing competitive positioning for renters who value in-unit finishes and building systems that are not as dated as older assets nearby. Neighborhood-level occupancy is healthy with a five-year uptick, and a high concentration of renter-occupied housing units points to a deep tenant base. Elevated ownership costs locally further support reliance on multifamily housing, while within a 3-mile radius the outlook for more households and a slightly smaller average household size suggests a broader renter pool ahead. According to CRE market data from WDSuite, amenity access ranks among the highest national percentiles, which can aid retention and leasing velocity.
Key watch items include below-average national safety percentiles—despite recent declines in offense rates—and higher rent-to-income ratios that call for careful renewal strategies. With targeted capital planning typical for a mid-2000s asset, the property can pursue light value-add and operational improvements to capture demand in a convenience-rich Urban Core location.
- 2007 vintage competes well versus older local stock; plan for selective modernization
- Neighborhood occupancy and high renter-occupied share support leasing stability
- Elevated ownership costs reinforce rental demand and pricing power potential
- Dense amenities and major employer access bolster retention and absorption
- Risks: below-national safety percentiles and rent-to-income pressure require proactive management