| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 90th | Best |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 426 4th Ave, Brooklyn, NY, 11215, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2010 |
| Units | 21 |
| Transaction Date | 2004-10-21 |
| Transaction Price | $499,990 |
| Buyer | 426-428 4TH AVE MANAGEMENT LLC |
| Seller | MESEROLE REALTY NY LLC |
426 4th Ave Brooklyn Multifamily Investment
Newer construction in an Urban Core pocket with deep renter demand and high neighborhood amenity access, according to WDSuite’s CRE market data. Expect durable leasing fundamentals supported by a strong income profile and high-cost ownership landscape.
Situated in Brooklyn’s Urban Core, the property benefits from a neighborhood rated A+ and ranked 8 out of 889 metro neighborhoods, placing it among the top quartile nationally. Dense amenity coverage is a clear strength—parks, groceries, pharmacies, cafes, and restaurants all score in the highest national percentiles—supporting walkability and day-to-day convenience that tends to bolster tenant retention and leasing velocity.
Schools in the area average strong ratings (high national percentile), reinforcing family-friendly appeal and broadening the renter base. Neighborhood median contract rents are elevated relative to national norms, while the rent-to-income profile signals manageable affordability pressure for many households—helpful for lease management in a competitive market. Elevated home values and a high value-to-income ratio indicate a high-cost ownership market, which generally sustains reliance on multifamily rentals and can support pricing power for well-positioned assets.
For investors, occupancy in the neighborhood is around the national average, with stability supported by a sizable tenant base: the share of housing units that are renter-occupied is strong at the neighborhood level. With an average neighborhood construction year near the mid-20th century, a 2010-built asset is relatively newer and can be more competitive versus older stock, while still warranting targeted updates as systems age over time. These dynamics, combined with robust amenity access, are constructive for long-term leasing performance and operations.
Within a 3-mile radius, commercial real estate analysis points to a growing renter pool: population and households have increased in recent years, and forecasts indicate additional population growth and a notable increase in households ahead. Smaller average household sizes are consistent with more renters entering the market, which can support occupancy stability for well-located multifamily assets.
Safety indicators are mixed relative to national benchmarks. Overall crime levels track below national averages for safety, but recent trends show improvement year over year, which is constructive for long-term operations and leasing. Importantly, these signals represent neighborhood-level context rather than property-specific conditions.
Year-over-year changes show declines in both property and violent offense rates, indicating momentum in the right direction. Investors should monitor these trends alongside broader metro dynamics and on-the-ground management practices to support resident experience and retention.
- Dr Pepper Snapple Group — corporate offices (1.7 miles)
- S&P Global — financial information services (2.5 miles) — HQ
- Guardian Life Ins. Co. of America — insurance (2.5 miles) — HQ
- Robert Half International — staffing & professional services (2.6 miles)
- Aig — insurance (2.6 miles) — HQ
The area draws from nearby finance, insurance, and corporate services employers, supporting a steady white-collar renter base and commute convenience for residents.
426 4th Ave is a 2010-vintage, small-scale multifamily asset positioned in a high-amenity Brooklyn neighborhood with elevated home values and strong incomes that help sustain rental demand. Neighborhood occupancy sits around national averages, while the share of renter-occupied housing units is high for the area—favorable for tenant depth and leasing resilience. Based on CRE market data from WDSuite, the submarket’s amenity density and strong school ratings support retention and revenue management for competitive, well-maintained assets.
Within a 3-mile radius, recent and forecast growth in population and households, alongside smaller household sizes, points to renter pool expansion over time. The 2010 construction provides a competitive edge versus much older neighborhood stock, though investors should plan for normal mid-life capital needs and targeted modernization to sustain positioning.
- High-amenity, A+ neighborhood with strong schools and daily convenience supports retention
- Renter-occupied share of housing units is high locally, reinforcing tenant depth
- 2010 vintage competes well against older stock; plan for mid-life capex and selective upgrades
- Household and population growth within 3 miles indicate a larger renter base ahead
- Watch safety trends and average-level occupancy; execution and asset quality remain key