| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 78th | Best |
| Amenities | 100th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 309 Atlantic Ave, Brooklyn, NY, 11201, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2008 |
| Units | 28 |
| Transaction Date | 2013-08-30 |
| Transaction Price | $16,100,000 |
| Buyer | 307-309 ATLANTIC AVE OWNER LLC |
| Seller | 307-309 ATLANTIC AVENUE ACQUISITION LLC |
309 Atlantic Ave Brooklyn Multifamily Investment Opportunity
Positioned in an Urban Core pocket with high renter-occupied housing and dense amenities, the asset benefits from steady neighborhood occupancy and strong tenant depth, according to WDSuite’s CRE market data. Stable demand drivers and premium-market home values support retention and pricing discipline.
This Urban Core location in Brooklyn sits near the top of the New York–Jersey City–White Plains metro for daily conveniences, with amenities, groceries, parks, pharmacies, and cafes all ranking near the front of 889 metro neighborhoods and reaching the top percentiles nationally. For investors, this concentration of services typically supports leasing velocity and reduces friction during turns.
Neighborhood occupancy is steady and close to metro norms, while the share of housing units that are renter-occupied is high — indicating a deep tenant base and durable multifamily demand. Median contract rents in the neighborhood are premium versus national levels, yet the rent-to-income profile points to manageable affordability pressure that can aid retention and reduce delinquency risk.
Within a 3-mile radius, population has trended upward and households have increased, with WDSuite data indicating further household growth alongside smaller average household sizes over the next five years. For multifamily, that typically translates to a larger renter pool and sustained absorption potential, supporting occupancy stability.
The property’s 2008 vintage is newer than the area’s older housing stock (average construction year skews mid-20th century). That relative youth can be a competitive differentiator against legacy buildings, though investors should still plan for mid-life building systems and potential modernization to meet current renter expectations.
Home values in the neighborhood are elevated compared with national benchmarks and near the front of the metro pack, which generally reinforces renter reliance on multifamily housing. Combined with above-median household incomes locally, this backdrop supports pricing power while still requiring thoughtful lease management to balance occupancy and rent growth.
Safety metrics for the neighborhood compare competitively among the 889 New York–Jersey City–White Plains metro neighborhoods, yet remain below average versus national benchmarks. Recent WDSuite indicators show meaningful year-over-year improvement in both violent and property offense rates, which is constructive for sentiment, but investors should underwrite to conditions that can vary block-to-block within dense urban corridors.
In short, the neighborhood’s trend is improving, but national comparisons still screen weaker; prudent operators typically mitigate with lighting, access controls, and resident engagement while emphasizing the area’s proximity advantages.
Nearby corporate employers in finance and professional services underpin commuter demand and support weekday activity, which can aid tenant retention and leasing stability. Key names within roughly two miles include S&P Global, AIG, Guardian Life, Robert Half, and Dr Pepper Snapple Group.
- S&P Global — financial information services (1.5 miles) — HQ
- Aig — insurance (1.5 miles) — HQ
- Guardian Life Ins. Co. of America — insurance (1.6 miles) — HQ
- Robert Half International — staffing & professional services (1.6 miles)
- Dr Pepper Snapple Group — consumer beverages offices (1.7 miles)
309 Atlantic Ave offers a 2008-vintage, small-scale asset (28 units) in a Brooklyn Urban Core setting where amenity density, premium home values, and a high share of renter-occupied housing support durable multifamily demand. Based on CRE market data from WDSuite, neighborhood occupancy is steady, rents benchmark above national levels, and the surrounding 3-mile area shows ongoing and projected household growth — indicators that typically sustain a larger tenant base and support occupancy stability.
Relative to the metro’s older building stock, the property’s newer vintage can compete effectively on finishes and systems while still benefiting from targeted value-add or modernization to capture renter preferences. Key watchpoints include national safety comparisons and the need to balance premium rent positioning with lease management to maintain retention.
- Urban Core location with top-tier amenity access that supports leasing velocity and day-to-day convenience.
- High renter-occupied housing share and steady neighborhood occupancy provide demand depth and stability.
- 2008 vintage is newer than much of the local stock, with potential to drive competitive positioning and selective value-add.
- Elevated ownership costs nearby reinforce reliance on rentals, supporting pricing power with prudent lease management.
- Risks: below-average national safety comparisons and premium-rent sensitivity warrant conservative underwriting and resident-focused operations.