| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Best |
| Demographics | 83rd | Best |
| Amenities | 100th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 574 4th Ave, Brooklyn, NY, 11215, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2009 |
| Units | 81 |
| Transaction Date | 2006-04-25 |
| Transaction Price | $750,000 |
| Buyer | GAP REALTY GROUP LLC |
| Seller | AVILES CARMEN |
574 4th Ave Brooklyn Multifamily Investment Positioning
Near-term leasing is supported by a deep renter base and stable neighborhood occupancy, according to WDSuite s CRE market data. The asset s location in Brooklyn s urban core offers durable demand drivers and pricing resilience.
574 4th Ave sits in an Urban Core pocket of Brooklyn that ranks 31st among 889 metro neighborhoods, signaling top-tier positioning within the New York Jersey City White Plains region. The area is dense with daily conveniences restaurants, groceries, pharmacies, parks, and cafes register at or near the top of national percentiles which enhances resident retention and supports multifamily fundamentals.
The neighborhood housing stock skews older (average vintage 1938), so a 2009 asset is comparatively newer than much of the immediate competition a relative advantage for curb appeal and systems efficiency, while still warranting standard mid-cycle updates as part of capital planning. Elevated home values (top national percentiles) indicate a high-cost ownership market, which tends to reinforce renter reliance on multifamily housing and can support pricing power and lease-up velocity.
Unit tenure patterns show an elevated renter-occupied share at the neighborhood level, implying a broad tenant base and steady demand for apartments. Within a 3-mile radius, demographic data indicate a large, diversified population with rising household counts and higher-income cohorts factors that support occupancy stability and renewal prospects for well-maintained buildings.
Schools rate above national averages and local amenity access scores near the top of national distributions. These livability factors, combined with strong household incomes and competitive neighborhood rankings, position the location as attractive for workforce and professional renters when compared with metro and national CRE trends based on WDSuite s commercial real estate analysis.
Neighborhood safety indicators are mixed in a regional context. The area s crime ranking sits in the mid-pack locally (189th among 889 metro neighborhoods), which places it below the metro s safest clusters but not at the bottom. Nationally, recent data show the neighborhood compares closer to the middle to lower tiers on safety measures.
Trend-wise, estimated year-over-year declines in both property and violent offenses suggest improvement momentum, which is a constructive sign for long-term stability. Investors should evaluate property-level security practices and block-by-block conditions during diligence, using these neighborhood trends as context rather than definitive site-specific conclusions.
Proximity to major corporate employers supports commuter convenience and a diversified renter pipeline, including roles in beverages, financial services, and professional staffing. Nearby anchors include Dr Pepper Snapple Group, S&P Global, Guardian Life, Robert Half, and AIG.
- Dr Pepper Snapple Group beverages (1.6 miles)
- S&P Global financial information services (2.7 miles) HQ
- Guardian Life Ins. Co. of America insurance (2.8 miles) HQ
- Robert Half International professional staffing (2.8 miles)
- AIG insurance (2.9 miles) HQ
The property s 2009 construction stands out against a neighborhood base averaging pre-war vintages, offering relative competitiveness versus older stock while leaving room for targeted value-add or modernization. Household incomes are strong locally, home values sit in the top national percentiles, and the surrounding renter concentration is elevated all of which support rentability and lease retention in a high-demand, supply-constrained urban setting. According to CRE market data from WDSuite, neighborhood occupancy trends are stable and amenity access is among the best nationally, reinforcing a favorable backdrop for sustained renter demand.
Within a 3-mile radius, projections indicate population growth and a sizable increase in households alongside a high share of renter-occupied units, pointing to a larger tenant base over the next several years. Forecast rent levels are expected to rise, which, paired with strong incomes, can support revenue management, though investors should underwrite conservatively given broader macro volatility and localized safety differentials.
- 2009 vintage competes well versus older neighborhood stock; plan for targeted modernization to capture premiums.
- High-cost ownership market sustains renter reliance, supporting pricing power and lease-up stability.
- Elevated renter concentration and projected household growth within 3 miles expand the tenant base.
- Amenity-rich, urban-core location aids retention and supports steady occupancy over time.
- Risk: safety metrics are mixed versus metro and national peers underwrite security and management practices accordingly.