| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Good |
| Demographics | 34th | Poor |
| Amenities | 82nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4112 Fort Hamilton Pkwy, Brooklyn, NY, 11219, US |
| Region / Metro | Brooklyn |
| Year of Construction | 1988 |
| Units | 113 |
| Transaction Date | 2024-10-16 |
| Transaction Price | $9,587,316 |
| Buyer | MSGR JOHN P O'BRIEN SENIOR APARTMENTS |
| Seller | THE HOUSING OUTREACH FUND XII LIMITED PA |
4112 Fort Hamilton Pkwy Brooklyn 113-Unit Multifamily
Renter demand is reinforced by a high-cost ownership market and a renter-occupied housing base in the neighborhood, according to WDSuite’s CRE market data and our commercial real estate analysis. The Urban Core location offers daily-needs convenience that can support leasing and retention over a full cycle.
Situated in Brooklyn’s Urban Core, the property benefits from dense, daily-needs amenities that matter to renters. The neighborhood scores in the top decile nationally for grocery access and pharmacies and is highly competitive for cafes and restaurants, supporting walkable convenience that typically aids leasing velocity and day-to-day resident satisfaction, based on WDSuite’s CRE market data.
For investors, the tenure mix is meaningful: approximately 69% of housing units in the neighborhood are renter-occupied, indicating a deep tenant base that can support absorption and renewal activity. Neighborhood contract rents benchmark above national medians, while the rent-to-income profile suggests pockets of affordability pressure that call for disciplined lease management and amenity-driven retention.
Schools in the area average mid-3s out of five and sit around the upper quartile nationally, which can help stabilize family-oriented demand without being the primary driver. The neighborhood’s overall rating is B- (ranked 429 of 889 metro neighborhoods), placing it near the metro median, with amenity access a clear differentiator.
Vintage positioning: built in 1988, the asset is newer than the neighborhood’s average construction year (1964). That relative youth can enhance competitiveness versus older stock; however, investors should still underwrite for modernization of aging systems and selective common-area upgrades to sharpen positioning.
Demographics aggregated within a 3-mile radius indicate a large population base with a modest recent increase in households and a trend toward smaller household sizes. Forward-looking projections point to additional household growth and income gains, implying a gradually expanding renter pool that can support occupancy stability and measured rent performance over time.
Safety metrics are mixed relative to national benchmarks. According to WDSuite’s CRE market data, the neighborhood sits below the national average for safety, but both property and violent offense rates have declined year over year, an improving trend investors should monitor.
Within the New York–Jersey City–White Plains metro, the neighborhood’s crime rank places it below the metro median (188 out of 889 neighborhoods), indicating it is competitive among many New York neighborhoods but not in the top safety tier. The recent downward trend provides some support for renter retention, though operators should continue to emphasize on-site security protocols and community engagement.
Proximity to a diverse base of corporate offices supports workforce housing demand and commute convenience, which can aid leasing stability. Key nearby employers include Dr Pepper Snapple Group, S&P Global, Robert Half, Guardian Life, and AIG.
- Dr Pepper Snapple Group — consumer beverages (2.9 miles)
- S&P Global — financial information & ratings (4.3 miles) — HQ
- Robert Half International — professional staffing (4.4 miles)
- Guardian Life Ins. Co. of America — insurance (4.4 miles) — HQ
- Aig — insurance & financial services (4.5 miles) — HQ
4112 Fort Hamilton Pkwy offers scale at 113 units in a renter-driven Urban Core location. Elevated for-sale home values in the neighborhood reinforce reliance on multifamily, while amenity density (groceries, pharmacies, cafes) underpins day-to-day convenience that supports leasing and renewals. Built in 1988, the property is newer than much of the local housing stock, which can be a competitive advantage versus older assets, though prudent capital plans for system modernization remain advisable. According to CRE market data from WDSuite, neighborhood rents benchmark above national medians and the renter-occupied share is substantial, pointing to depth of demand alongside affordability sensitivities that call for disciplined operations.
Within a 3-mile radius, household counts have grown recently with forecasts indicating further expansion and rising incomes. Combined with high-cost ownership dynamics, these trends suggest a durable tenant base that can support occupancy stability and measured pricing power, provided management remains attentive to affordability and service quality.
- Urban Core location with top-tier daily-needs amenities supporting leasing and renewals
- 1988 vintage offers a relative edge versus older neighborhood stock, with targeted modernization upside
- Renter-occupied neighborhood and elevated ownership costs reinforce multifamily demand depth
- 3-mile household and income growth outlook supports occupancy stability over the hold
- Risk: affordability pressure and below-national-average safety require careful lease management and on-site controls