| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Best |
| Demographics | 53rd | Fair |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 357 Wilson Ave, Brooklyn, NY, 11221, US |
| Region / Metro | Brooklyn |
| Year of Construction | 1987 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
357 Wilson Ave Brooklyn Multifamily Investment Opportunity
Neighborhood fundamentals point to durable renter demand and steady occupancy, according to WDSuite s CRE market data for the area not the property with elevated amenities density and strong renter concentration supporting leasing stability.
Located in Brooklyn s Kings County urban core, the neighborhood surrounding 357 Wilson Ave is rated A and ranks 91st among 889 metro neighborhoods competitive at the metro level with amenity access in the top tier nationally. Cafes, restaurants, groceries, and pharmacies all index near the top of national distributions, reinforcing daily convenience that tends to support retention. Based on commercial real estate analysis from WDSuite, neighborhood occupancy is healthy and renter-oriented hints of depth in the tenant base rather than a property-specific guarantee.
The housing stock skews older locally (average vintage around the early 1940s), making a 1987 asset relatively newer versus much of the competitive set. For investors, that generally implies fewer near-term structural capital needs than prewar buildings, while still leaving room for targeted modernization to sharpen positioning and capture value-add upside.
Renter-occupied share in the neighborhood is high (over four-fifths of units), indicating a large and active leasing market. Neighborhood occupancy sits in the mid-90s, suggesting demand depth and supporting income stability at the area level. Elevated home values in this part of Brooklyn create a high-cost ownership market, which typically sustains reliance on multifamily rentals and can support pricing power. At the same time, a rent-to-income ratio near the upper 20s signals some affordability pressure that warrants ongoing lease management discipline.
Within a 3-mile radius, population and household counts have grown over the past five years, with projections calling for continued population growth and a notable increase in households. This trend points to a larger renter pool and supports occupancy stability for well-positioned assets. Average school ratings trail national medians, which can shape target renter profiles toward younger professionals and households prioritizing access and convenience over school quality. Neighborhood NOI per unit benchmarks sit in the upper single-digit deciles nationally, underscoring solid income potential at the area level, per WDSuite s multifamily property research.
Safety indicators for the immediate neighborhood trail national averages, with both violent and property offenses benchmarking in lower national percentiles for safety. However, recent trends point to meaningful year-over-year improvement, with offense rates declining materially over the last 12 months, according to WDSuite s CRE market data. Investors should underwrite with conservative assumptions and emphasize on-site security, lighting, and tenancy oversight while noting the improving trajectory.
The area benefits from proximity to major employers across insurance, airlines, energy utilities, and technology, supporting a broad commuter tenant base and helping stabilize leasing for workforce and professional renters. Notable nearby employers include Prudential, JetBlue Airways, Con Edison, Consolidated Edison, and Yahoo.
- Prudential insurance (3.9 miles)
- Jetblue Airways airlines (4.0 miles) HQ
- Con Edison Distribution Engineering utilities (4.6 miles)
- Consolidated Edison utilities (4.6 miles) HQ
- Yahoo technology (4.6 miles)
357 Wilson Ave is a 1987 vintage, 120-unit asset in an amenity-rich Brooklyn neighborhood where renter concentration is high and neighborhood occupancy is solid. Elevated ownership costs in Kings County help sustain reliance on rentals, while a growing household base within 3 miles suggests a larger tenant pool and supports long-run occupancy stability. According to CRE market data from WDSuite, neighborhood NOI per unit benchmarks are strong nationally, consistent with durable income potential for well-positioned assets.
Relative to much of the local prewar stock, a late-1980s build can offer competitive positioning and a manageable path for value-add: modernize interiors, address aging systems selectively, and refine amenities to capture retention and rent trade-outs. Key risks include below-average school ratings and affordability pressure, which argue for prudent rent setting and active resident engagement.
- High renter concentration and solid neighborhood occupancy support income stability
- 1987 vintage offers competitive edge versus older local stock with targeted modernization upside
- Amenity-rich, high-cost ownership market reinforces multifamily demand and pricing power
- 3-mile population and household growth indicate a larger renter pool over time
- Watchpoints: safety metrics below national averages, lower school ratings, and affordability pressure