| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 90th | Best |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 433 3rd Ave, Brooklyn, NY, 11215, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2009 |
| Units | 27 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
433 3rd Ave, Brooklyn NY — 2009 Multifamily Asset
Newer construction relative to the neighborhood s prewar stock and strong renter demand fundamentals point to durable leasing, according to CRE market data from WDSuite. Investor focus: competitive positioning versus older inventory with stable, income-oriented operations.
Situated in Brooklyn s Urban Core, the property sits within an A+ rated neighborhood that ranks 8 out of 889 metro neighborhoods top quartile nationally on overall livability. Amenity density is a standout: cafes, grocers, restaurants, pharmacies, and parks all sit in the 97th 100th national percentiles, supporting daily convenience and renter retention, based on WDSuite s CRE market data.
Vintage matters here. Neighborhood housing skews older (average year 1943), while this asset s 2009 construction provides a competitive edge versus much of the local stock. For investors, that typically translates to fewer near-term capital items than prewar comparables and the potential to command interest from residents prioritizing modern systems and layouts; mid-life systems may still benefit from targeted refreshes to maintain positioning.
The neighborhood shows a renter-occupied share of housing units around the mid-50% range, indicating a meaningful renter concentration that supports depth of tenant demand. Neighborhood occupancy is in the low-90s with modest softening over five years, suggesting generally stable operations with normal leasing management needs rather than outsized vacancy risk.
Within a 3-mile radius, demographics point to a growing and affluent renter pool. Households have increased over the past five years and are projected to expand further through 2028, while smaller average household sizes indicate continued demand for well-located apartments. Elevated home values (near the top national percentile) and higher incomes reinforce reliance on multifamily rentals and support pricing power, while a rent-to-income profile near one-fifth underscores manageable affordability pressure for many households.
Schools in the area average above 4 out of 5 (top decile nationally), adding to neighborhood stickiness for family renters. Taken together, these location dynamics align with sustained leasing interest and competitive tenant retention relative to broader metro trends.
Safety metrics for the neighborhood trend below national averages, with overall crime sitting around the 38th national percentile. However, recent direction is constructive: both violent and property offense rates show year-over-year declines, indicating improving conditions rather than deterioration. These are neighborhood-level indicators and can vary by block; investors typically underwrite with conservative assumptions and focus on asset-level controls and tenant screening.
In practical terms for investors, the area s trajectory evidenced by double-digit declines in both violent and property offense estimates over the last year supports cautious optimism while warranting standard operating safeguards.
Nearby corporate offices provide a diversified white-collar employment base that supports renter demand and retention through commute convenience. The list below highlights major employers within a short radius that align with finance, insurance, and professional services.
- Dr Pepper Snapple Group corporate offices (1.6 miles)
- S&P Global financial information & analytics (2.4 miles) HQ
- Guardian Life Ins. Co. of America insurance (2.4 miles) HQ
- Robert Half International staffing & professional services (2.5 miles)
- AIG insurance (2.5 miles) HQ
433 3rd Ave is a 27-unit, 2009-vintage multifamily asset positioned in an A+ Urban Core pocket of Brooklyn with exceptional amenity access and high-income household profiles. The property s newer construction relative to the area s older housing stock supports competitive leasing and moderates near-term capital planning, while the broader neighborhood maintains low-90s occupancy and a substantial renter base. Elevated home values in the area sustain reliance on rentals, and within a 3-mile radius both current and projected household growth point to a larger tenant base over the medium term, based on CRE market data from WDSuite.
The investment case centers on durable demand drivers amenities, incomes, schools, and transit-adjacent urban context with measured upside from mid-life upgrades that can preserve positioning against older comparables. Risks include safety benchmarks below national averages and modest occupancy softening, both manageable with conservative underwriting and active asset management.
- 2009 construction outcompetes older neighborhood stock; targeted mid-life updates can sustain rentability
- A+ Urban Core location with top-tier amenities and schools supports retention and leasing velocity
- High-cost ownership market reinforces renter reliance and pricing power for well-located units
- 3-mile household growth and smaller household sizes expand the tenant base and support occupancy stability
- Monitor risks: below-national safety metrics and recent occupancy softening warrant conservative underwriting