| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Best |
| Demographics | 83rd | Best |
| Amenities | 100th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 393 4th Ave, Brooklyn, NY, 11215, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2012 |
| Units | 53 |
| Transaction Date | 2007-07-17 |
| Transaction Price | $2,200,000 |
| Buyer | 278 6TH STREET LLC |
| Seller | 6TH STREET DEVELOPMENT LLC |
393 4th Ave Brooklyn Multifamily Investment
Neighborhood data points to durable renter demand and leasing stability supported by high ownership costs and a sizable renter base, according to WDSuite’s CRE market data.
Located in Brooklyn’s Urban Core, the area surrounding 393 4th Ave carries an A+ neighborhood rating and places 31st out of 889 metro neighborhoods — a position that is above the metro median and indicative of strong fundamentals for multifamily. Amenity access is a standout strength, with restaurants, parks, groceries, pharmacies, and childcare densities registering in the top national percentiles, supporting daily convenience and resident retention.
The neighborhood’s amenity rank is 35 of 889, which is competitive among New York-Jersey City-White Plains neighborhoods and aligns with national top-tier availability (restaurants and parks both register at the 100th percentile nationally). Cafes and groceries are also abundant (both in the upper national percentiles), helping properties capture lifestyle- and convenience-driven tenants who favor walkable access.
Construction year average in the immediate area skews older (1938), while this asset was built in 2012. Newer product typically competes well against prewar stock, offering a relative edge in systems and finishes; investors should still plan for normal mid-life updates over the hold.
Renter-occupied housing is prevalent at the neighborhood level (53.2% of units are renter-occupied), suggesting depth in the tenant base and support for occupancy. Within a 3-mile radius, the population and household counts have trended upward and are projected to continue increasing, with smaller average household sizes over time — dynamics that generally expand the renter pool and support leasing velocity for well-located apartments.
Home values in the neighborhood are elevated (near the top of national comparisons), which typically sustains reliance on rental housing and can reinforce pricing power for quality units. Median contract rents are high relative to many U.S. areas, but neighborhood rent-to-income figures suggest manageable affordability for the local income profile, supporting lease retention when paired with strong amenities and transit access.
Safety indicators present a mixed picture. At the metro level, the neighborhood’s crime rank is 189 out of 889, which is competitive among New York-Jersey City-White Plains neighborhoods. Nationally, both violent and property offense rates sit in lower safety percentiles, signaling that reported incidents remain higher than many U.S. neighborhoods.
Recent trend data shows improvement, with year-over-year declines in both violent and property offense estimates. For investors, this points to cautious optimism: relative positioning is stronger within the metro than nationally, and recent directional trends are favorable, but underwriting should still reflect conservative assumptions and property-level security best practices.
Nearby employment centers include corporate offices for Dr Pepper Snapple, S&P Global, Guardian Life, Robert Half, and AIG. Proximity to these employers supports weekday commuter demand and can aid leasing stability for workforce and professional renters.
- Dr Pepper Snapple Group — beverages (1.7 miles)
- S&P Global — financial information (2.5 miles) — HQ
- Guardian Life Ins. Co. of America — insurance (2.5 miles) — HQ
- Robert Half International — staffing & recruiting (2.6 miles)
- AIG — insurance (2.6 miles) — HQ
Built in 2012 with 53 units, this property competes favorably against an older neighborhood stock base, helping differentiate on building systems and finishes while leaving room for targeted modernization. The surrounding neighborhood ranks 31st of 889 in the metro, with top-tier amenity access and a renter-occupied share that supports a deep tenant base. Elevated for-sale home values reinforce reliance on rental housing, and, according to CRE market data from WDSuite, neighborhood occupancy and rent-to-income dynamics support steady leasing and retention for well-managed assets.
Within a 3-mile radius, population and household counts have risen and are projected to grow further, while average household sizes trend smaller — a combination that typically expands the renter pool. Investors should note that national safety percentiles are weaker even as metro-relative positioning and recent trends improve, warranting prudent underwriting and continued focus on on-site security and resident experience.
- 2012 vintage offers competitive positioning versus older nearby stock, with potential to capture demand for newer finishes and systems.
- Strong amenity access (restaurants, parks, groceries) and an A+ neighborhood rating support leasing velocity and retention.
- High-cost ownership market bolsters renter reliance, supporting pricing power for quality, well-managed units.
- 3-mile demographics indicate population and household growth with smaller household sizes, expanding the renter pool.
- Risk: National safety percentiles are weaker despite improving trends; underwriting should incorporate appropriate security and operating assumptions.