| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Good |
| Demographics | 24th | Poor |
| Amenities | 82nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 443 Barbey St, Brooklyn, NY, 11207, US |
| Region / Metro | Brooklyn |
| Year of Construction | 1983 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
443 Barbey St, Brooklyn Multifamily Positioning
Neighborhood fundamentals point to steady renter demand supported by a large renter-occupied base and strong daily-needs amenities, according to WDSuite’s CRE market data.
Located in Brooklyn’s Urban Core, the neighborhood scores in the top quartile among 889 New York–Jersey City–White Plains metro neighborhoods for overall amenities, with national strength in daily-needs access. Grocery, parks, pharmacies, and restaurants benchmark at high national percentiles, while café density is comparatively thin. For investors, this mix supports everyday convenience that can aid retention and leasing velocity.
Multifamily performance indicators are constructive at the neighborhood level: occupancy is solid and has trended up over the past five years, and renter-occupied housing accounts for a high share of units, signaling a deep tenant base for workforce housing. These are neighborhood-level statistics and not the property’s own occupancy.
Within a 3-mile radius, demographics show population growth in recent years and an increase in households, expanding the prospective renter pool. Projections point to additional population and household gains alongside modest reductions in average household size, which typically supports demand for smaller-format apartments and sustained occupancy.
Home values are elevated versus national norms, and the value-to-income relationship is high for owners locally. In practical terms, a high-cost ownership market reinforces reliance on rental housing and can support pricing power, though rent-to-income levels indicate some affordability pressure that warrants active lease management.
Schools benchmark on the lower end nationally, which may matter for certain family renters, while the neighborhood’s 1980s-vintage asset like this one can compete well against much older local stock (average construction year skews pre-war) yet may still benefit from targeted system updates or cosmetic modernization to meet current renter expectations.
Safety benchmarks indicate the neighborhood sits below national medians on crime, with violent and property offense percentiles on the weaker side compared with neighborhoods nationwide. Recent trends are directionally positive: both violent and property offense rates have declined year over year, according to WDSuite’s data. Investors should underwrite with conservative assumptions, monitor submarket trendlines, and consider common-sense measures that support resident comfort.
The area draws from a diversified Manhattan–Brooklyn employment base, with nearby corporate offices that support commuter convenience and stabilize renter demand. Key employers include Prudential, JetBlue Airways, AIG, S&P Global, and Guardian Life.
- Prudential — financial services (1.9 miles)
- Jetblue Airways — airline HQ and corporate offices (6.1 miles) — HQ
- Aig — insurance (6.6 miles) — HQ
- S&P Global — financial analytics (6.8 miles) — HQ
- Guardian Life Ins. Co. of America — insurance (6.8 miles) — HQ
443 Barbey St is a 72-unit, 1983-vintage asset in a Brooklyn neighborhood where renter-occupied housing is a large share of the stock and daily-needs amenities rank strongly. Newer than much of the surrounding pre-war inventory, the asset can position competitively with focused value-add on interiors, building systems, and common areas. Elevated ownership costs in the area sustain renter reliance, while neighborhood occupancy has remained solid, supporting cash flow durability through cycles based on CRE market data from WDSuite.
Within a 3-mile radius, population and households have grown and are projected to continue expanding, pointing to a larger tenant base over time. That demand side is balanced by affordability considerations: rent-to-income levels suggest pressure for some cohorts, making disciplined lease management and unit mix optimization important. Safety indicators have improved year over year but remain below national medians, a factor to monitor and address through property operations.
- 1983 vintage offers competitive positioning versus older local stock with clear value-add paths
- Strong daily-needs amenity access supports resident retention and leasing velocity
- Large neighborhood renter base and steady occupancy underpin demand stability
- 3-mile population and household growth expands the future renter pool
- Risks: affordability pressure (rent-to-income) and below-median safety require conservative underwriting and active management