| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Fair |
| Demographics | 26th | Poor |
| Amenities | 78th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 54 Bristol St, Brooklyn, NY, 11212, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2008 |
| Units | 80 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
54 Bristol St Brooklyn Multifamily Investment Opportunity
Neighborhood metrics point to a deep renter base and steady occupancy, according to WDSuite’s CRE market data, supporting durable cash-flow potential for well-managed assets.
This Urban Core location in Brooklyn benefits from strong neighborhood occupancy and a high concentration of renter-occupied housing units. Neighborhood occupancy is competitive among New York–Jersey City–White Plains submarkets and sits in the top quartile nationally, a setup that supports lease-up stability and retention for multifamily operators.
Daily-needs access is a relative strength: neighborhood measures for grocery, pharmacies, parks, and childcare place the area in the top quartile nationally, while cafes are thinner on the ground. For investors, this mix favors workforce-oriented demand profiles and convenience-driven leasing.
Within a 3-mile radius, demographics show population growth alongside an increase in households and a sizable renter pool, indicating a larger tenant base and ongoing demand for rental units. Median school ratings trail metro and national benchmarks, which can shape resident mix toward value-seeking households rather than school-driven movers.
Ownership remains a high-cost proposition locally relative to incomes, which tends to reinforce reliance on multifamily housing and can sustain renter demand. Rent-to-income levels warrant attentive lease management and renewal strategies, but the elevated ownership cost backdrop supports pricing power for well-positioned assets.
Safety indicators for the neighborhood sit below national norms, though recent year-over-year trends show declines in both violent and property offenses. For investors, the directional improvement is constructive, but underwriting should incorporate prudent security measures and community engagement to support resident retention.
Proximity to major employers across finance and transportation supports commuter convenience and broad renter demand from office and operations workers, including Prudential, AIG, S&P Global, Guardian Life, and JetBlue Airways.
- Prudential — financial services (3.2 miles)
- Aig — insurance (5.5 miles) — HQ
- S&P Global — financial data & ratings (5.5 miles) — HQ
- Guardian Life Ins. Co. of America — insurance (5.6 miles) — HQ
- Jetblue Airways — airline (5.7 miles) — HQ
Built in 2008, the property is newer than much of the surrounding housing stock, offering relative competitiveness versus older buildings while leaving room for targeted modernization to lift rents and reduce near-term capex surprises. Neighborhood occupancy is competitive within the metro and in the top quartile nationally, supporting cash-flow stability for an 80-unit asset positioned for workforce demand.
Within a 3-mile radius, population growth and a rising household count point to renter pool expansion, supporting absorption and renewal potential. Elevated ownership costs in the neighborhood context further sustain rental demand, though rent-to-income levels suggest careful pricing and renewal management. According to CRE market data from WDSuite, these dynamics align with steady renter demand while highlighting the need to monitor affordability and local safety trends.
- 2008 vintage competitive versus older neighborhood stock, with selective value-add upside
- Neighborhood occupancy competitive in metro and top quartile nationally, supporting stability
- 3-mile radius shows population and household growth, expanding the tenant base
- High-cost ownership landscape reinforces multifamily demand and lease retention potential
- Risks: below-national safety indicators and rent-to-income pressure require prudent operations