| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 82nd | Best |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 467 Keap St, Brooklyn, NY, 11211, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2009 |
| Units | 30 |
| Transaction Date | 1997-09-10 |
| Transaction Price | $460,000 |
| Buyer | LIANG PETER SHU XIN |
| Seller | TANG CHUN HON |
467 Keap St Brooklyn Multifamily in Amenity-Rich Urban Core
High renter concentration and steady neighborhood occupancy support durable leasing, according to WDSuite’s CRE market data. Newer construction at this address positions it competitively versus older local stock.
The immediate area scores A+ overall and ranks 7th among 889 metro neighborhoods, reflecting a dense, Urban Core setting with exceptional daily conveniences. Cafes, restaurants, groceries, parks, and pharmacies index in the top national percentiles, translating to walkable lifestyle appeal that can aid retention and support consistent renter demand.
With a renter-occupied share near four out of five housing units at the neighborhood level, the tenant base is deep and diversified, which typically supports occupancy stability through cycles. Median neighborhood occupancy is about the mid-90s, aligning with resilient absorption patterns observed in comparable Urban Core locations.
The average local building vintage skews older (1970s), while 467 Keap St was built in 2010. This newer vintage can be a competitive edge versus older inventory, while still warranting routine capital planning for systems and common areas to maintain positioning.
Within a 3-mile radius, population and households have expanded over the last five years, with household sizes trending smaller. This combination points to a larger tenant base and continued demand for rental units. Elevated neighborhood home values relative to incomes signal a high-cost ownership market, which tends to reinforce renter reliance on multifamily housing and can support lease retention and pricing power when managed carefully through the rent cycle.
School ratings in the area are roughly mid-pack nationally. For investors, this suggests family demand may be more driven by location and amenity access than by top-tier school differentiation. Overall, the local fundamentals and amenity density present a strong backdrop for multifamily, supported by commercial real estate analysis from WDSuite.
Safety indicators are mixed. Neighborhood-level crime measures track below the national median on violent and property categories, placing the area in a lower national safety tier. Recent year-over-year trends show declines in both violent and property offense rates, which is constructive, though investors should underwrite with conservative assumptions and note variability by block and time of day.
In metro context, this Urban Core location combines strong amenity access with typical big-city risk management needs. Operators often offset exposure through building security features, lighting, and resident engagement, and should monitor ongoing trend movements using consistent third-party tracking.
Proximity to major employers anchors renter demand with short commutes to corporate offices including Con Edison, Yahoo, New York Life, and Netflix.
- Con Edison Distribution Engineering — utilities engineering offices (2.4 miles)
- Consolidated Edison — utilities corporate offices (2.4 miles) — HQ
- Yahoo — technology/media offices (2.4 miles)
- New York Life Insurance Company — insurance corporate offices (2.5 miles)
- Netflix — media offices (2.6 miles)
467 Keap St is a 2010-vintage, ~30-unit asset in a high-amenity Urban Core setting where renter-occupied housing is the norm and neighborhood occupancy trends around the mid-90s. Newer construction relative to the local 1970s average can reduce near-term competitive obsolescence and supports positioning against older stock, while standard capital planning remains prudent. Elevated ownership costs in the neighborhood, combined with population and household growth within a 3-mile radius, point to a broad tenant base and healthy multifamily demand. According to CRE market data from WDSuite, these dynamics align with above-average income profiles and deep amenity access that can underpin leasing stability.
Key considerations include mid-pack school ratings and safety metrics that sit below national medians; operators often mitigate through security, lighting, and resident engagement. Overall, the blend of location fundamentals, renter depth, and a more modern vintage supports a durable, operations-focused hold with potential for targeted value-add through finishes and common-area enhancements.
- Renter-heavy neighborhood and steady occupancy support durable leasing
- 2010 vintage competes well versus older local inventory; plan routine CapEx
- High-cost ownership market reinforces multifamily demand and retention potential
- Amenity-rich Urban Core location aids absorption and resident stickiness
- Risk: safety indicators below national medians; underwrite conservative operations