| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 43rd | Poor |
| Amenities | 100th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 373 Pulaski St, Brooklyn, NY, 11206, US |
| Region / Metro | Brooklyn |
| Year of Construction | 1982 |
| Units | 33 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
373 Pulaski St Brooklyn Renter-Driven Multifamily Opportunity
Neighborhood occupancy and renter concentration remain elevated, supporting steady leasing and retention in this urban-core pocket of Brooklyn, according to WDSuite’s CRE market data.
Situated in an Urban Core setting of Brooklyn’s Kings County, the property benefits from strong neighborhood fundamentals. The area ranks within the top quartile among 889 metro neighborhoods on overall performance, and neighborhood occupancy is competitive across the New York–Jersey City–White Plains metro, signaling durable renter demand rather than transient turnover.
Livability is a clear strength for residents and leasing: the neighborhood sits in the highest national percentiles for everyday amenities, including grocery access, pharmacies, parks, cafes, and restaurants. For investors, this depth of services typically supports leasing velocity and resident retention compared with less amenitized submarkets.
The housing stock skews renter-occupied at the neighborhood level, providing a deep tenant base for multifamily operators. Elevated home values relative to incomes indicate a high-cost ownership market; for multifamily, that dynamic tends to reinforce reliance on rental housing and can sustain pricing power, though it also requires attention to lease management where rent-to-income levels create affordability pressure.
Construction year for the asset is 1982, modestly newer than the neighborhood average vintage. That positioning can be competitive versus older walk-up stock, while still warranting targeted modernization of systems and finishes for value-add potential. Demographic statistics aggregated within a 3-mile radius show recent population and household growth with projections for further increases, supporting a larger renter pool and occupancy stability over the medium term based on CRE market data from WDSuite.
Safety patterns reflect an urban Brooklyn context. On a national basis, crime rates for this neighborhood sit below the national median, so investors should underwrite with appropriate security, lighting, and property management practices. Recent WDSuite indicators show year-over-year declines in both violent and property offenses, a constructive trend to monitor rather than a completed shift.
Compared with other neighborhoods in the New York–Jersey City–White Plains metro (889 total), the area is competitive but not top-tier on safety, reinforcing the need for standard urban risk controls. Framing safety at the neighborhood—not block—level helps calibrate expectations and align operating plans.
Proximity to major Manhattan employers underpins renter demand and commute convenience for a broad professional tenant base, including financial services, utilities, and technology roles noted below.
- Aig — insurance (3.72 miles) — HQ
- Yahoo — technology/media (3.85 miles)
- S&P Global — financial information (3.88 miles) — HQ
- Con Edison Distribution Engineering — utilities (3.89 miles)
- Consolidated Edison — utilities (3.89 miles) — HQ
373 Pulaski St is a 1982-vintage, urban-core Brooklyn multifamily asset positioned in a renter-dense neighborhood with competitive occupancy and exceptional access to daily amenities. Elevated home values across the neighborhood signal a high-cost ownership market, which tends to sustain multifamily demand and support pricing power, while requiring thoughtful lease management where rent-to-income ratios indicate affordability pressure. According to CRE market data from WDSuite, neighborhood-level occupancy has trended firmly, and the area ranks highly for amenity access—factors that typically aid retention and leasing stability.
Within a 3-mile radius, recent population and household growth—and projections for continued increases—suggest a larger tenant base over time. The 1982 construction offers a relative edge versus older stock and provides a platform for targeted renovations to capture value-add upside and maintain competitiveness against newer deliveries.
- Renter-dense neighborhood and competitive occupancy support stable demand and retention.
- Amenity-rich location (groceries, parks, pharmacies, cafes) aids leasing velocity and resident satisfaction.
- 1982 vintage allows targeted modernization for value-add without full repositioning.
- 3-mile demographic growth points to a larger renter pool and sustained occupancy.
- Risks: urban safety considerations and rent-to-income pressure warrant prudent underwriting and active management.