| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 43rd | Poor |
| Amenities | 100th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 31 Graham Ave, Brooklyn, NY, 11206, US |
| Region / Metro | Brooklyn |
| Year of Construction | 1973 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
31 Graham Ave, Brooklyn Multifamily Investment
Urban-core renter demand and sustained neighborhood occupancy point to durable income potential, according to WDSuite s CRE market data. The area s high-cost ownership landscape supports steady leasing fundamentals without relying on outsized assumptions.
Located in Brooklyn s Urban Core, the neighborhood rates an A and ranks in the top quartile among 889 metro neighborhoods a signal of competitive fundamentals for multifamily. Amenity density is a clear strength (cafes, groceries, pharmacies, parks), benchmarking in the top percentile nationally, which supports renter retention and day-to-day convenience.
Neighborhood occupancy trends are favorable: the area s occupancy is above national averages, and renter concentration is high with a large share of housing units renter-occupied. For investors, that depth of the tenant base typically supports stable lease-up and renewal pipelines.
Home values in the neighborhood sit at the higher end of the spectrum for the region, which indicates a high-cost ownership market. In practice, this tends to reinforce reliance on multifamily housing and can support pricing power, though a rent-to-income profile near 30% suggests monitoring affordability pressure and renewal strategies closely.
Within a 3-mile radius, WDSuite s data shows recent population and household growth, with forecasts pointing to continued renter pool expansion over the next five years. This demographic momentum, combined with strong neighborhood amenities, underpins demand for smaller urban units and supports occupancy stability.
School ratings in the neighborhood track below national averages; investors should underwrite tenant mix and retention strategies accordingly, as sub-5 ratings can influence family-driven demand more than single-tenant or roommate households.
Safety outcomes in the immediate area trail national benchmarks, though recent data indicates improvement. The neighborhood s crime rank places it below the metro median among 889 New York Jersey City White Plains neighborhoods, and national safety percentiles are low; however, year-over-year trends show estimated decreases in both violent and property offenses, suggesting a constructive direction that investors should track over multiple periods.
For underwriting, frame safety as a submarket risk factor that can affect marketing costs, insurance pricing, and tenant retention. Monitoring whether the recent declines persist and how this area compares with nearby competitive neighborhoods can help calibrate concessions and security investments.
Proximity to major corporate offices supports commuter convenience and a broad white-collar renter base, with nearby employers spanning media/technology, utilities, insurance, and aviation. The following anchors are within a roughly 3.2 3.3 mile radius and can help sustain leasing depth.
- Yahoo media & technology (3.2 miles)
- Con Edison Distribution Engineering utilities operations (3.2 miles)
- Consolidated Edison utilities (3.3 miles) HQ
- AIG insurance (3.3 miles) HQ
- JetBlue Airways airline corporate (3.3 miles) HQ
31 Graham Ave combines an Urban Core location with strong renter fundamentals. Neighborhood occupancy is above national averages and renter-occupied housing share is high, indicating a deep tenant base and support for leasing stability. Elevated home values in the area create a high-cost ownership market that tends to reinforce multifamily demand, while within a 3-mile radius both population and households have been growing a backdrop that can sustain absorption. According to CRE market data from WDSuite, the neighborhood also benchmarks at the top of national amenity density, aiding retention and day-to-day convenience.
Built in 1973, the property s vintage suggests planning for capital improvements and potential value-add upgrades to keep pace with competitive product. Average unit size of roughly 344 square feet indicates smaller layouts that can appeal to cost-conscious urban renters, but it also calls for careful pricing and amenity positioning. Neighborhood NOI per unit benchmarks at the top percentile nationally (neighborhood metric), signaling strong operating potential when combined with disciplined expense control and asset management.
- Urban-core location with above-average neighborhood occupancy and deep renter base
- High-cost ownership market supports sustained multifamily demand and pricing power
- Top-tier amenity access aids retention and leasing velocity
- 1973 vintage and smaller unit sizes offer value-add positioning but require capex planning
- Risks: below-average safety metrics and affordability pressure may elevate concessions and insurance costs