| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 58th | Fair |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 52 Wilson Ave, Brooklyn, NY, 11237, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2004 |
| Units | 87 |
| Transaction Date | 2019-09-20 |
| Transaction Price | $1,582,698 |
| Buyer | SAINT LEONARD'S HDFC AS NOMINEE |
| Seller | ENTERPRISE HOUSING PARTNERS III LIMITED |
52 Wilson Ave Brooklyn NY Multifamily Investment
Neighborhood fundamentals point to resilient renter demand and steady occupancy, according to CRE market data from WDSuite. These indicators reflect the surrounding neighborhood rather than this specific property and highlight location-driven stability for multifamily income.
The property sits in an Urban Core pocket of Brooklyn that ranks in the top quartile among 889 metro neighborhoods for overall quality (A rating), based on WDSuite’s CRE market data. Neighborhood metrics indicate strong renter demand rather than individual-asset performance, but they support the case for durable occupancy and pricing power.
Daily-life amenities are a notable strength: grocery and restaurant density track at the top of national distributions (near the 100th percentile), with cafés, parks, and pharmacies also in very high percentiles. This concentration of services typically supports leasing velocity and resident retention for workforce and lifestyle-driven renters.
Multifamily indicators are favorable at the neighborhood level. Reported occupancy is high and above most areas nationally (top quintile), and renter-occupied share is extremely elevated (near the 100th percentile), signaling a deep tenant base. Median asking rents in the neighborhood sit well above national norms, while the rent-to-income ratio implies some affordability pressure; for investors, that argues for active lease management and renewal strategies to maintain stability through cycles.
Asset vintage is a potential competitive edge: the average neighborhood housing stock dates to 1964, while this property was built in 2005. Newer construction can compare well against older inventory on functionality and operating reliability, though capital plans should still consider mid-life system updates and modernization to remain competitive.
Within a 3-mile radius, demographics show population and household growth over the last five years, with forecasts calling for further renter pool expansion and higher median incomes by 2028. In a high-cost ownership market (home values well above national medians), these trends typically reinforce reliance on rental housing, supporting occupancy stability for well-positioned multifamily assets.
School ratings in the neighborhood score below national averages, which may temper appeal for some family renters; however, strong amenity access and employment proximity often offset this for a large share of urban-core renter households in the New York-Jersey City-White Plains region.
Safety trends should be evaluated with care. Compared with neighborhoods nationwide, the area benchmarks below average on safety percentiles; however, recent year-over-year data indicate double-digit declines in both violent and property offense rates, suggesting improvement momentum. Within the New York-Jersey City-White Plains, NY-NJ metro’s 889 neighborhoods, the area is competitive among peers, but absolute rates remain elevated relative to national norms.
For investors, the takeaway is to underwrite security measures and operating protocols appropriate for an urban-core location while recognizing the improving direction of local statistics. Use current, property-level data when available, as neighborhood readings reflect broader conditions rather than conditions at this specific address.
Proximity to major employers underpins commuter convenience and leasing depth, notably in airlines, utilities, digital media, and insurance. The following nearby companies shape the local employment base:
- JetBlue Airways — airlines (3.4 miles) — HQ
- Con Edison Distribution Engineering — utilities engineering (3.8 miles)
- Consolidated Edison — utilities (3.8 miles) — HQ
- Yahoo — digital media (3.8 miles)
- New York Life Insurance Company — insurance (3.9 miles)
52 Wilson Ave is a 2005-vintage, 87-unit asset positioned in a Brooklyn Urban Core neighborhood where renter-occupied housing is dominant and reported occupancy trends are strong. Amenity density is among the highest nationally, which typically supports leasing velocity and retention. High ownership costs in the area reinforce reliance on rental housing, while within a 3-mile radius, recent population and household growth—alongside projections for further gains—suggest a larger tenant base over the medium term.
Based on multifamily property research from WDSuite, the asset’s newer construction relative to the neighborhood average (1964) can be a competitive advantage versus older stock, though mid-life system updates and select renovations may be prudent to sustain performance. Underwriting should account for affordability pressure (given higher neighborhood rent levels), below-average school ratings, and urban-core safety considerations, balancing these against strong amenity access and deep employment nodes nearby.
- High neighborhood occupancy and strong renter concentration support income durability
- 2005 construction offers competitive positioning versus older local housing stock
- Exceptional amenity density and proximity to major employers bolster leasing and retention
- Demographic growth within 3 miles points to a larger renter pool over time
- Risks: affordability pressure, below-average school ratings, and urban-core safety require active management