| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Best |
| Demographics | 53rd | Fair |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 333 Wilson Ave, Brooklyn, NY, 11237, US |
| Region / Metro | Brooklyn |
| Year of Construction | 1987 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
333 Wilson Ave, Brooklyn Multifamily in Amenity-Rich Corridor
Strong renter concentration and a high-cost ownership landscape underpin durable demand and occupancy in this Urban Core location, according to WDSuite’s CRE market data. Investors should view the submarket’s transit access and daily-needs density as supports for leasing stability and pricing power.
The property sits within an Urban Core neighborhood that ranks 91st among 889 New York–Jersey City–White Plains neighborhoods, signaling competitive fundamentals within the metro. Daily-needs access is a clear advantage: cafes, restaurants, groceries, and pharmacies all score in the top tier nationally, supporting walkability and resident convenience that tends to aid retention.
Occupancy in the surrounding neighborhood has been stable, and the share of housing units that are renter-occupied is elevated, indicating a deep tenant base for multifamily assets. Home values sit in a high-cost ownership market relative to national norms, which reinforces reliance on rental options and can support pricing power when managed alongside lease renewal strategies.
Vintage matters for competitive positioning. Built in 1987, the asset is newer than much of the surrounding building stock (which skews earlier-20th-century), suggesting relative appeal versus older comparables. At the same time, age-appropriate upgrades to systems, common areas, and energy efficiency can unlock value-add upside and support rent trade-outs without overextending capital plans.
Within a 3-mile radius, WDSuite data shows population growth over the past five years with households expanding faster than population, pointing to smaller household sizes and a larger renter pool. Forecasts indicate continued increases in households and incomes, which typically support multifamily demand and occupancy stability. Neighborhood rents have trended upward and are projected to continue rising, aligning with broader metro dynamics captured by multifamily property research.
School ratings in the area trail national averages, which can matter for certain tenant segments, but the overall amenity density and commute access remain meaningful drivers for adult renter cohorts. On a national basis, the neighborhood’s NOI-per-unit performance ranks in a high percentile, reinforcing the area’s track record for income generation, per commercial real estate analysis sourced from WDSuite.
Public safety metrics in this neighborhood trail national norms, and the area ranks below the metro median (crime rank 301 among 889 metro neighborhoods). Nationally, the neighborhood sits in lower percentiles for safety; however, year-over-year estimates indicate declines in both property and violent offenses, suggesting recent improvement momentum.
Investors should consider appropriate security measures and resident communication as part of asset management. The comparative takeaway: conditions remain less favorable than many U.S. neighborhoods today, but recent downward trends in estimated offense rates are a constructive signal to monitor over subsequent leasing cycles, based on CRE market data from WDSuite.
The surrounding employment base includes major corporate offices within a 5-mile commute, supporting demand from professionals seeking proximity to work. Notable nearby employers include JetBlue, Prudential, Con Edison (including engineering and HQ operations), and Yahoo.
- Jetblue Airways — airline HQ (3.9 miles) — HQ
- Prudential — insurance (4.0 miles)
- Con Edison Distribution Engineering — utilities engineering (4.5 miles)
- Consolidated Edison — utilities (4.5 miles) — HQ
- Yahoo — media & technology offices (4.5 miles)
This 36-unit 1987-vintage asset benefits from a renter-driven Urban Core location where amenity density and high-cost ownership dynamics sustain multifamily demand. According to CRE market data from WDSuite, neighborhood occupancy has remained resilient with an elevated share of renter-occupied units, while walkable access to cafes, groceries, and services supports retention and leasing velocity. The asset’s relatively newer vintage versus much of the local stock provides competitive positioning, with targeted modernization offering value-add potential.
Within a 3-mile radius, households have expanded faster than population and are projected to continue rising alongside incomes, pointing to a larger tenant base over time. Rents have trended upward and are forecast to increase further, reinforcing the case for steady income growth when paired with disciplined lease management. Key risks include safety metrics that lag national benchmarks and below-average school ratings, which warrant thoughtful resident experience and operating practices.
- Renter-heavy neighborhood and resilient occupancy support demand durability
- 1987 vintage offers competitive positioning versus older stock with value-add upside
- Amenity-rich, walkable setting aids retention and pricing power
- 3-mile household and income growth expand the tenant base and support rent trends
- Risks: safety metrics below national norms and lower school ratings require proactive management