| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Fair |
| Demographics | 26th | Poor |
| Amenities | 78th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 350 Bristol St, Brooklyn, NY, 11212, US |
| Region / Metro | Brooklyn |
| Year of Construction | 1974 |
| Units | 52 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
350 Bristol St, Brooklyn NY Multifamily Investment
Neighborhood fundamentals point to durable renter demand and high occupancy, according to WDSuite’s CRE market data, with this area skewing heavily renter-occupied and maintaining stable leasing conditions. Pricing power should be managed thoughtfully given local affordability pressure.
Located in Brooklyn’s Urban Core, the neighborhood surrounding 350 Bristol St trends above metro median for occupancy and shows an 80% renter-occupied housing mix at the neighborhood level, indicating a deep tenant base and support for leasing stability. Compared with metro peers (634 out of 889 neighborhoods, C rating), performance is mixed but demand indicators remain serviceable for workforce-oriented product.
Everyday amenities are a relative strength: parks, pharmacies, and grocery stores are abundant compared with neighborhoods nationwide, which supports day-to-day convenience for residents. Restaurant density is competitive, while café density is limited, suggesting essentials are well covered even if lifestyle variety is narrower than in Brooklyn’s top-tier corridors. Average school ratings trend low versus national benchmarks; investors should calibrate expectations for family-driven demand accordingly.
Median contract rents in the neighborhood sit near the middle of national comparisons, and the area’s high-cost ownership landscape (elevated home values versus incomes) tends to keep households reliant on rental options—supporting tenant retention and occupancy. At the same time, a higher rent-to-income burden at the neighborhood level implies careful lease management and renewal strategies.
The property’s 1974 vintage is newer than the neighborhood’s older average housing stock (1940s), offering a relative competitive edge versus pre-war inventory; however, planning for system upgrades and selective modernization can help sustain positioning and capture value-add upside.
Demographic statistics aggregated within a 3-mile radius show recent population and household growth, with projections indicating additional gains and a modest shift toward smaller household sizes. This points to a larger renter pool over time and supports ongoing multifamily demand in the sub-3-mile catchment.
Safety trends warrant balanced context for investors. The neighborhood ranks 442 out of 889 metro neighborhoods for crime, which is below the metro median. Compared with neighborhoods nationwide, the area sits in a lower safety percentile. Recent data shows year-over-year declines in both violent and property offense estimates, indicating incremental improvement, but conditions still trail stronger-performing Brooklyn submarkets.
For underwriting, consider proactive security measures, resident engagement, and partnerships with professional management to support retention and operating consistency. Benchmark performance against comparable Urban Core assets across the New York–Jersey City–White Plains metro to calibrate expectations.
Nearby employment anchors skew toward finance and corporate services, supporting a commuter tenant base and reinforcing weekday demand drivers. The list below highlights proximate employers that can influence leasing stability in this part of Brooklyn.
- Prudential — insurance & financial services (3.1 miles)
- Dr Pepper Snapple Group — beverages (5.7 miles)
- Aig — insurance (5.8 miles) — HQ
- S&P Global — financial ratings & data (5.9 miles) — HQ
- Guardian Life Ins. Co. of America — life insurance (5.9 miles) — HQ
This 52-unit, 1974-vintage asset sits in a renter-heavy Brooklyn neighborhood that maintains above metro median occupancy. The combination of a deep renter base, reliance on multifamily due to a high-cost ownership market, and steady 3-mile household growth supports a case for durable demand and lease-up resiliency. According to CRE market data from WDSuite, neighborhood occupancy trends have been stable, aligning with the area’s renter concentration.
Relative to older local stock, 1970s construction can compete on livability while benefiting from targeted renovations to drive rent premiums and retention. Underwriting should balance this demand backdrop against affordability pressure, modest amenity variety, and safety differentials versus higher-performing Brooklyn submarkets.
- Renter-heavy neighborhood supports depth of tenant demand and occupancy stability.
- 1974 vintage offers value-add and modernization pathways versus older local inventory.
- High-cost ownership environment reinforces reliance on rentals, aiding retention.
- 3-mile population and household growth indicate a larger future renter pool.
- Risks: affordability pressure, lower school ratings, and safety ranks below metro leaders.