| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 37th | Poor |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 364 Bedford Ave, Brooklyn, NY, 11249, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2008 |
| Units | 21 |
| Transaction Date | 2006-03-30 |
| Transaction Price | $500,000 |
| Buyer | SOUTH 4 HOLDINGS LLC |
| Seller | SOUTH 4 RESIDENCE LLC |
364 Bedford Ave Brooklyn Multifamily Investment
Urban-core renter demand and a high-cost ownership landscape support stable leasing in this pocket of Brooklyn, according to WDSuite’s CRE market data. Neighborhood occupancy is steady and amenity density is among the city’s strongest, favoring retention and pricing discipline.
Situated in Brooklyn’s Urban Core, 364 Bedford Ave benefits from a dense amenity ecosystem that is top tier nationally. The neighborhood rates A- overall and sits above the metro median (rank 137 of 889), with grocery, parks, pharmacies, cafes, and restaurants all in the 99th–100th national percentiles, per WDSuite. For operators, this concentration of daily-needs retail and lifestyle options supports leasing velocity and reduces turnover risk.
The area’s renter-occupied share is high (neighborhood-level renter concentration near four out of five units), indicating a deep tenant base and reliable multifamily demand. Neighborhood occupancy is in the upper half nationally with minimal five‑year movement, suggesting steady absorption rather than cyclical whipsaws.
Within a 3‑mile radius, population and household counts have grown in recent years and are projected to rise further by 2028, while average household size trends lower. For multifamily operators, that points to a larger renter pool and support for occupancy stability. Median incomes have climbed, adding depth to the renter profile, while rent levels have advanced at a measured pace, reinforcing renewal strategies over frequent turnover.
Home values in the neighborhood are elevated versus national benchmarks and the value‑to‑income ratio ranks among the highest nationally. In investor terms, this is a high‑cost ownership market that tends to sustain reliance on rentals and can support pricing power. At the same time, higher rent‑to‑income ratios at the neighborhood level introduce affordability pressure, making proactive lease management and amenity-driven retention important. Average school ratings trail national norms, which may modestly narrow the family‑tenant segment but is often offset here by strong amenity access and employment proximity.
Safety metrics are mixed. The neighborhood sits below the national median for safety (around the 44th percentile), indicating comparatively higher crime than many U.S. neighborhoods. Within the New York–Jersey City–White Plains metro, it ranks 173 out of 889 neighborhoods (lower ranks indicate higher crime), signaling above‑average crime exposure relative to several nearby areas.
Recent trend data from WDSuite shows year‑over‑year declines in both violent and property offense rates, which is a constructive directional signal. For underwriting, investors typically account for this with enhanced on‑site security features, good lighting and access controls, and by emphasizing the location’s strong amenity and employment proximity to support tenant retention.
Nearby employment anchors span technology, utilities, insurance, and entertainment, offering commute convenience that supports leasing and renewal prospects. Notable employers include Yahoo, Con Edison’s engineering and utility offices, AIG, and Netflix.
- Yahoo — digital media (2.0 miles)
- Con Edison Distribution Engineering — utilities engineering (2.0 miles)
- Consolidated Edison — energy utility (2.0 miles) — HQ
- AIG — insurance (2.2 miles) — HQ
- Netflix — entertainment production (2.3 miles)
364 Bedford Ave is a 2008 vintage, 21‑unit asset in an Urban Core neighborhood with exceptional amenity access and a deep renter base. The submarket’s elevated home values and strong value‑to‑income ratios underscore a high‑cost ownership environment that tends to sustain rental demand and support pricing power. According to CRE market data from WDSuite, neighborhood occupancy sits in the upper half nationally and renter concentration is high, contributing to durable absorption.
Relative to older area stock (average vintage circa 1980), 2008 construction offers competitive positioning while leaving room for targeted modernization of common areas and in‑unit finishes as systems approach mid‑life. Demographic trends within a 3‑mile radius point to continued population and household growth and smaller household sizes, expanding the renter pool and supporting lease‑up and renewal strategies. Key risks include affordability pressure (rent‑to‑income at the neighborhood level) and below‑median school ratings, making amenity-driven retention and service quality important parts of the operating plan.
- Urban-core location with top-tier amenity density supporting leasing velocity and retention
- High renter concentration and steady neighborhood occupancy underpin demand stability
- 2008 vintage offers competitive positioning with potential to create value via targeted updates
- Risks: affordability pressure and below-median school ratings; active management and amenities help mitigate