| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 37th | Poor |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 54 S 9th St, Brooklyn, NY, 11249, US |
| Region / Metro | Brooklyn |
| Year of Construction | 1995 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
54 S 9th St Brooklyn Multifamily Investment
Renter demand is supported by a high-cost ownership market and a deep tenant base in the surrounding neighborhood, according to WDSuite’s CRE market data. Expect stable occupancy dynamics with pricing power balanced by local affordability management.
Located in Brooklyn’s urban core, 54 S 9th St benefits from a dense amenity base. Neighborhood amenities score competitively within the New York–Jersey City–White Plains metro (41st of 889 by amenity rank) and sit in the top quartile nationally, with abundant groceries, pharmacies, parks, cafes, and restaurants supporting day-to-day convenience and renter retention.
Neighborhood occupancy has been broadly stable in recent years and sits around the national middle, which supports income consistency without signaling late‑cycle overheating, based on commercial real estate analysis from WDSuite. The share of renter-occupied housing in the neighborhood is very high, indicating a deep tenant pool for multifamily operators and durable leasing demand.
Within a 3‑mile radius, demographics point to continued renter pool expansion: recent population and household growth are positive, with forecasts also showing further gains. Rising household incomes in the area add depth to demand, though operators should calibrate lease trade‑outs with local rent-to-income considerations to sustain retention.
Median home values in the neighborhood rank in the top tier nationally, reinforcing reliance on multifamily options and supporting pricing power. School ratings trend below the national median, which may modestly influence family‑oriented renter segments but has limited impact on young professional demand given the amenity mix and location fundamentals.
Built in 1995, the asset is newer than the neighborhood’s average vintage (1980), offering relative competitiveness versus older stock; selective modernization of interiors and building systems can further strengthen positioning against newer deliveries.
Safety indicators in the neighborhood track below national medians, but recent year‑over‑year trends show measurable improvement. Violent and property offense rates have declined versus the prior year, which can aid perception and leasing over time while still warranting standard multifamily security practices.
Investors should evaluate property-level measures (lighting, access control, and partnership with local patrol resources) and monitor ongoing trendlines rather than block‑level snapshots, as conditions vary within urban cores and evolve with local investment.
Proximity to major employers underpins weekday demand and commute convenience for renters, led by financial services and utilities offices nearby: Yahoo, AIG, Con Edison Distribution Engineering, Consolidated Edison, and AmTrust Financial Services.
- Yahoo — media & technology offices (2.0 miles)
- Aig — insurance (2.0 miles) — HQ
- Con Edison Distribution Engineering — utilities engineering offices (2.1 miles)
- Consolidated Edison — utilities (2.1 miles) — HQ
- Amtrust Financial Services — insurance (2.2 miles) — HQ
This 24‑unit, 1995‑vintage asset aligns with deep renter demand in a high‑amenity Brooklyn neighborhood. The local market combines a very high renter concentration with stable neighborhood‑level occupancy, while elevated ownership costs bolster reliance on multifamily housing and support pricing power. According to CRE market data from WDSuite, the neighborhood’s amenity access is top tier within the metro and nationally, reinforcing leasing velocity and retention.
Demographic trends aggregated within a 3‑mile radius show recent and forecast growth in population and households, expanding the tenant base. Given the asset’s newer‑than‑average vintage, targeted updates can enhance competitiveness versus newer product, while thoughtful lease management can mitigate affordability pressures and sustain occupancy.
- High renter concentration and stable neighborhood occupancy support consistent demand
- Top-tier amenity access in metro and nationally aids leasing and retention
- 1995 vintage offers relative edge over older stock with value-add through selective upgrades
- Growing 3-mile population and household counts expand the renter pool
- Risks: affordability pressure and below-median safety indicators require prudent lease and property management