| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Best |
| Demographics | 83rd | Best |
| Amenities | 100th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 363 4th Ave, Brooklyn, NY, 11215, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2013 |
| Units | 106 |
| Transaction Date | 2008-02-14 |
| Transaction Price | $8,000,000 |
| Buyer | 267 DEVELOPMENT LLC |
| Seller | 267 SIXTH STREET LLC |
363 4th Ave, Brooklyn — 2013-Built, 106-Unit Multifamily
Neighborhood occupancy trends and a high-cost ownership landscape point to durable renter demand, according to WDSuite s CRE market data. Positioned in a well-amenitized urban core, the asset benefits from depth of tenant base and commuting optionality.
Located in Brooklyn s Urban Core, the surrounding neighborhood is competitive among New York Jersey City White Plains neighborhoods and rates highly for overall livability (A+). Abundant daily-needs amenities from parks and pharmacies to groceries, cafes, and restaurants rank in the top quartile nationally, supporting resident convenience and lease retention.
For investors assessing income stability, neighborhood multifamily occupancy is about 92.7%, and the renter-occupied share of housing units is just over half. That combination indicates a meaningful tenant pool and steady leasing velocity for similar assets in this pocket of Kings County, based on CRE market data from WDSuite.
Local housing stock skews older (average construction year 1938), while this property s 2013 vintage is newer than typical nearby inventory. Newer construction can bolster competitive positioning versus prewar stock, though standard mid-life capital planning for systems and common areas should be expected over a multi-year hold.
Within a 3-mile radius, demographics show population growth and an increase in households alongside smaller average household sizes over time. Rising incomes and elevated home values in the neighborhood signal a high-cost ownership market, which generally sustains reliance on rental housing and can support pricing power, while requiring thoughtful lease management where rent-to-income dynamics matter.
Schools in the area score above the national median, and neighborhood-level demographics rank above many metro peers. These factors, together with top-tier amenity access, underpin renter demand fundamentals rather than relying on discretionary drivers.
Safety metrics for the neighborhood compare below national averages, and the area is not among the safest in the metro (889 neighborhoods benchmarked). Even so, recent data indicates improvement: both property and violent offense rates declined year over year, suggesting a positive directional trend. Investors should underwrite with prudent security and operating assumptions while recognizing these ongoing improvements.
Proximity to major employers within roughly 1.7 3.2 miles supports weekday activity and commute convenience for renters. Notable nearby employers include Dr Pepper Snapple Group, S&P Global, Guardian Life Ins. Co. of America, AIG, and Robert Half International.
- Dr Pepper Snapple Group corporate offices (1.7 miles)
- S&P Global corporate offices (2.4 miles) HQ
- Guardian Life Ins. Co. of America corporate offices (2.5 miles) HQ
- Aig corporate offices (2.5 miles) HQ
- Robert Half International corporate offices (2.5 miles)
363 4th Ave offers a 2013-built, 106-unit footprint in a Brooklyn neighborhood with strong amenity access and a sizable renter base. Neighborhood multifamily occupancy near 93% and a renter-occupied share just over half indicate depth of demand and leasing resilience for comparable product. Elevated local home values point to a high-cost ownership market that tends to reinforce reliance on rental housing and support retention. According to CRE market data from WDSuite, the property s newer vintage stands out versus predominantly prewar stock, positioning it competitively while warranting routine mid-life capital planning.
Within a 3-mile radius, population growth, rising household counts, and higher incomes expand the tenant pool and support occupancy stability over time. Safety metrics trail national norms but have improved year over year, a constructive trend to monitor in underwriting.
- 2013 vintage newer than nearby stock, enhancing competitive positioning
- Neighborhood occupancy around 93% with renter concentration supporting demand
- High-cost ownership market reinforces rental reliance and potential pricing power
- 3-mile demographics show tenant base expansion and income growth
- Risk: safety is below national norms, though recent trends are improving