| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 43rd | Poor |
| Amenities | 100th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 333 Kosciuszko St, Brooklyn, NY, 11221, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2000 |
| Units | 72 |
| Transaction Date | 1999-01-13 |
| Transaction Price | $68,000 |
| Buyer | CLOVER HOUSING DEVELOPMENT FUND CORP |
| Seller | P S 79 RELATY INC |
333 Kosciuszko St Brooklyn 72-Unit Multifamily
Neighborhood occupancy is high and renter demand is deep, according to CRE market data from WDSuite, with this 2001-vintage asset offering competitive positioning versus older nearby stock. Note that occupancy reflects neighborhood conditions rather than the specific property.
Rated A and ranked 110 out of 889 metro neighborhoods, this Urban Core location sits in the top quartile locally, supported by a concentration of daily-needs amenities. Grocery, pharmacy, parks, and dining densities are among the highest nationally, reinforcing convenience and helping sustain renter appeal.
Neighborhood multifamily occupancy is strong at the area level, indicating steady leasing conditions. Renter-occupied housing accounts for a large share of units in the neighborhood, signaling a sizable tenant base and depth of demand for professionally managed rentals.
Within a 3-mile radius, population and household counts have trended upward over the past five years, with forecasts pointing to further population growth and additional households—supportive of a larger renter pool and occupancy stability. Income indicators in the 3-mile area have also risen, which can underpin rent levels and renewal outcomes when paired with effective leasing and retention strategies.
Home values in the neighborhood are elevated relative to national norms, which typically reinforces reliance on multifamily rentals and can support pricing power. School ratings trail metro and national averages, which may matter for family-oriented renters, but the amenity access and commute options characteristic of this part of Brooklyn help maintain appeal for a broad workforce renter cohort.
Built in 2001, the property is newer than the neighborhood’s older housing stock (average vintage mid-1970s), offering a competitive edge versus legacy assets while still requiring prudent capital planning for modernization of systems and finishes over time.
Safety indicators for the neighborhood are below national percentiles, and the area ranks 347 out of 889 metro neighborhoods—below the metro median. For investors, this calls for measured underwriting around security measures, insurance, and retention. That said, recent data show year-over-year declines in both violent and property offense rates, indicating improvement momentum worth monitoring over additional periods.
Framing this comparatively: the neighborhood does not sit in top national safety percentiles today, but recent directional trends are improving. Operators often mitigate perceived risk through lighting, access control, and community engagement as part of standard asset management.
The location is proximate to a dense concentration of major employers in Manhattan’s core, supporting commuter access and broad renter demand. Nearby anchors include AIG, S&P Global, Guardian Life, AmTrust Financial, and Assurant.
- Aig — insurance & financial services (3.5 miles) — HQ
- S&P Global — financial information & ratings (3.6 miles) — HQ
- Guardian Life Ins. Co. of America — insurance (3.7 miles) — HQ
- Amtrust Financial Services — insurance (3.7 miles) — HQ
- Assurant — insurance (3.7 miles) — HQ
This 72-unit asset in Brooklyn benefits from top-quartile neighborhood positioning, exceptional amenity access, and a renter-heavy housing base that supports demand depth. Built in 2001, it competes well against older local inventory while allowing for targeted value-add through system upgrades and interior refreshes. Neighborhood occupancy is strong, and elevated ownership costs in the area tend to reinforce multifamily reliance and lease retention potential.
Within a 3-mile radius, recent population growth and a notable increase in households point to a larger tenant base ahead, supporting absorption and renewal prospects. According to CRE market data from WDSuite, neighborhood-level occupancy sits above national norms, aligning with the deep renter concentration and high amenity availability that underpin long-term fundamentals.
- Top-quartile neighborhood rank in the metro with exceptional amenity density supporting leasing and retention
- 2001 vintage offers competitive positioning versus older stock with clear modernization/value-add levers
- Renter-heavy neighborhood and strong area occupancy support demand depth and pricing power
- 3-mile population and household growth expand the tenant base, aiding absorption and renewals
- Risks: below-average safety metrics and lower school ratings require prudent operations and underwriting