| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Good |
| Demographics | 27th | Poor |
| Amenities | 92nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 458 Ruby St, Brooklyn, NY, 11208, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2001 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
458 Ruby St Brooklyn Multifamily Investment
Neighborhood-level fundamentals indicate steady occupancy and a deep renter base, according to CRE market data from WDSuite. This positioning supports durable cash flow potential for a 2001-vintage asset in an urban Brooklyn submarket.
The immediate area around 458 Ruby St sits in an Urban Core pocket of Brooklyn with a B neighborhood rating and ranks above the metro median (408 out of 889 New York–Jersey City–White Plains neighborhoods), based on WDSuite’s CRE market data. Neighborhood occupancy is in the mid-90s, and renter-occupied share is high, signaling a sizable tenant base and generally supportive leasing dynamics for multifamily. Note that these occupancy and tenure metrics reflect the neighborhood, not the property.
Amenity access is a competitive strength: grocery, restaurant, pharmacy, and cafe density perform in the top decile to top quartile nationally, which tends to aid retention and day-to-day convenience for renters. Average school ratings trend below national norms, which may modestly narrow family-oriented demand but typically has limited impact on smaller-unit rentals in urban settings.
The building’s 2001 construction stands newer than the neighborhood’s predominantly pre-war housing stock. That relative vintage can enhance leasing competitiveness versus older comparables, while investors should still plan for routine system upgrades and selective modernization to meet current renter expectations.
Within a 3-mile radius, demographics show modest population growth and a larger increase in households over the past five years, with forecasts pointing to further household gains and slightly smaller average household sizes. This pattern suggests continued renter pool expansion and supports occupancy stability. Elevated home values relative to income in the neighborhood reinforce reliance on rental housing, which can underpin pricing power, though lease management should account for rent-to-income affordability pressure.
Safety conditions in the neighborhood are below national averages, with violent and property offense rates positioned in lower national percentiles. However, recent trend data from WDSuite indicates year-over-year declines in both violent and property offenses, an encouraging directional signal. Comparisons are neighborhood-level and not specific to the property.
For underwriting, consider mitigation through tenant screening, on-site lighting and access controls, and coordination with local community resources, while monitoring whether recent downward trends persist.
Proximity to major employers supports workforce housing demand and commuting convenience, notably across insurance, utilities, and aviation headquarters: Prudential, JetBlue Airways, New York Life Insurance Company, AIG, and Consolidated Edison.
- Prudential — insurance (0.5 miles)
- JetBlue Airways — airline HQ (6.9 miles) — HQ
- New York Life Insurance Company — insurance (8.0 miles)
- AIG — insurance (8.0 miles) — HQ
- Consolidated Edison — utilities (8.0 miles) — HQ
458 Ruby St offers exposure to an urban Brooklyn neighborhood with strong amenity density, a deep renter-occupied base, and mid-90s neighborhood occupancy that has held steady, according to CRE market data from WDSuite. Elevated for-sale housing costs in the area tend to sustain renter reliance, supporting leasing durability for well-managed multifamily assets.
Constructed in 2001, the property is newer than much of the surrounding pre-war stock, which can aid competitive positioning. Investors should budget for ongoing system updates and targeted renovations to capture demand while managing affordability pressure and monitoring local safety trends that, while improving, remain below national averages.
- Deep neighborhood renter base and stable occupancy support demand
- 2001 vintage competitive versus older local stock; plan targeted modernization
- Strong daily-needs and dining access aids retention and leasing velocity
- Elevated ownership costs reinforce multifamily demand and pricing power
- Risks: below-average neighborhood safety and rent-to-income pressure require active management