| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 37th | Poor |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 46 S 10th St, Brooklyn, NY, 11249, US |
| Region / Metro | Brooklyn |
| Year of Construction | 1995 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
46 S 10th St, Brooklyn — Multifamily in Amenity-Rich Core
Positioned in a high-cost ownership market with deep renter demand and steady neighborhood occupancy, according to WDSuite’s CRE market data. Strong amenity access and a large renter base support durable leasing and retention.
This Urban Core location in Brooklyn benefits from exceptional daily-needs access. The neighborhood ranks 41st out of 889 metro neighborhoods for overall amenities, placing it competitive among New York-Jersey City-White Plains neighborhoods and top quartile nationally by density of restaurants, cafes, groceries, parks, and pharmacies. These fundamentals typically support foot traffic, resident convenience, and leasing velocity.
Renter-occupied housing is high at the neighborhood level (78.2% share), indicating a deep tenant base that can help stabilize occupancy and reduce leasing volatility. Neighborhood occupancy has been broadly stable around the low-90s in recent years, reinforcing baseline cash flow consistency for well-managed assets.
Home values are elevated relative to incomes (high value-to-income ratios in the top national percentiles), which in practice sustains reliance on rental housing and can support pricing power for quality units. At the same time, rent-to-income levels signal affordability pressure in parts of the renter pool, suggesting a need for disciplined lease management and thoughtful renewals.
Within a 3-mile radius, demographics show recent population and household growth with continued gains projected, pointing to a larger tenant base over time. Household growth outpacing population implies smaller household sizes and supports ongoing demand for multifamily units, which can aid occupancy stability versus broader national cycles. Average school ratings in the area lag national norms, which may modestly limit appeal for family-oriented renters but has less impact on young professional demand typical of Urban Core neighborhoods.
Vintage matters: built in 1995 versus a neighborhood average around 1980, the property is newer than much of the local stock. That positioning can improve competitive standing on layouts and building systems while still leaving room for targeted modernization to capture value-add upside and support rent trade-outs.
Neighborhood safety indicators are mixed in a broader context. Compared with the nation, the area sits below the national median for safety (around the 44th percentile), but within the metro it is competitive (crime rank 173 out of 889 metro neighborhoods). For investors, this suggests typical Urban Core dynamics: active streets and strong amenity draw balanced by the need for standard security and property management practices.
Trend-wise, estimated offense rates have improved year over year, with property offenses down about 30% and violent offenses down roughly 22% according to WDSuite’s CRE market data. These directional improvements are constructive for leasing and retention, though continued monitoring remains prudent.
Nearby corporate offices in finance, utilities, and media create a deep employment base and commute convenience that supports renter demand and renewal potential. Notable employers include AIG, Yahoo, Con Edison (including Distribution Engineering), Consolidated Edison, and AmTrust Financial Services.
- Aig — insurance (2.0 miles) — HQ
- Yahoo — media & technology (2.01 miles)
- Con Edison Distribution Engineering — utilities engineering offices (2.10 miles)
- Consolidated Edison — utilities (2.11 miles) — HQ
- Amtrust Financial Services — insurance (2.15 miles) — HQ
The investment case centers on durable renter demand, amenity density, and relative competitiveness versus older local stock. Neighborhood occupancy has held in the low-90s with a renter concentration near 80%, while elevated ownership costs reinforce reliance on multifamily housing. Built in 1995, the asset is newer than the area’s 1980 average—supporting day-one competitiveness and offering targeted value-add potential through modernization and repositioning. Within a 3-mile radius, population and households have grown and are projected to continue expanding, pointing to a larger renter pool and support for occupancy stability over time.
Based on commercial real estate analysis from WDSuite, amenity access scores among the metro’s leaders and NOI per unit performance for the neighborhood sits in a top tier nationally—favorable signals for rent resilience if operations are managed with affordability and retention in mind. Key watch items include affordability pressure (rent-to-income), below-average school ratings, and Urban Core safety that, while improving, warrants continued monitoring.
- Deep renter base and stable neighborhood occupancy support cash flow consistency
- 1995 vintage outpositions older local stock with selective value-add upside
- Amenity-rich location and strong employer access aid leasing and retention
- High ownership costs sustain multifamily demand and pricing power
- Risks: affordability pressure, lower school ratings, and Urban Core safety require active management