| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 95th | Best |
| Amenities | 100th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 69 N 6th St, Brooklyn, NY, 11249, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2008 |
| Units | 29 |
| Transaction Date | 2011-03-30 |
| Transaction Price | $4,300,000 |
| Buyer | OLIVE PARTNERS II LLC |
| Seller | 65 NORTH 6TH LLC |
69 N 6th St, Brooklyn Multifamily Investment
Positioned in a high-demand renter pocket of Williamsburg, this 29-unit asset benefits from deep tenant reach and amenity density, according to WDSuite s multifamily property research. Neighborhood occupancy is steady and pricing power is supported by a large renter base and a high-cost ownership market.
Williamsburg s urban-core location delivers rare amenity saturation caf e9s, restaurants, parks, groceries, and pharmacies all rank competitive among 889 New York Jersey City White Plains neighborhoods (with multiple categories in the top tier nationally). This density supports walkability and daily convenience that sustains multifamily demand.
The property s 2008 vintage is newer than the neighborhood s average construction year of 1973, which can enhance leasing competitiveness versus older stock while keeping capital plans focused on selective modernization rather than full system overhauls.
Renter-occupied housing is a defining feature locally, with a high renter concentration that indicates depth in the tenant pool and supports lease-up and retention for professionally managed assets. Neighborhood occupancy trends sit around the national middle, suggesting stable operations with standard leasing management.
Within a 3-mile radius, population and household counts have grown in recent years, with forecasts pointing to further population growth and a notable increase in households alongside smaller average household sizes. This combination typically expands the renter pool and supports occupancy stability and absorption. Elevated home values relative to income in the neighborhood signal a high-cost ownership market, which reinforces continued reliance on multifamily rentals. These dynamics align with commercial real estate analysis from WDSuite indicating strong renter demand fundamentals in this pocket of Brooklyn.
Safety metrics are mixed. Compared with neighborhoods nationwide, the area sits below the national median for safety, indicating investors should underwrite standard security and operations protocols. At the metro level, conditions are not among the strongest cohorts, but they are competitive among many urban-core peers within the 889-neighborhood New York Jersey City White Plains region.
Recent data show year-over-year declines in both violent and property offense estimates, a constructive trend for long-term operations. Investors can view this as a positive directional signal while continuing to monitor neighborhood-level trends as part of routine risk management.
Proximity to major Manhattan and Brooklyn employers supports a strong commuter tenant base and lease retention, with nearby roles across utilities, media/tech, and insurance reflected below.
- Con Edison Distribution Engineering utilities engineering (1.8 miles)
- Consolidated Edison utilities (1.8 miles) HQ
- Yahoo media & tech (1.8 miles)
- New York Life Insurance Company insurance (1.9 miles)
- Netflix media & production (2.0 miles)
69 N 6th St offers exposure to a top-tier amenity corridor with a deep renter base and steady neighborhood occupancy. The 2008 construction is newer than much of the surrounding housing stock, supporting competitive positioning while focusing capital on targeted renovations and common-area refreshes. Elevated home values in the neighborhood, coupled with a high renter concentration, underpin durable multifamily demand and lease retention. According to CRE market data from WDSuite, neighborhood occupancy trends are near national norms, with amenity access and employment proximity helping to sustain absorption.
Within a 3-mile radius, recent population and household growth with forecasts pointing higher suggest a larger tenant base and ongoing renter pool expansion as household sizes trend smaller. These dynamics, combined with proximity to major employers, position the asset for consistent leasing while allowing investors to manage rent-to-income affordability carefully and monitor urban-core safety trends.
- Newer 2008 vintage versus older neighborhood stock supports leasing competitiveness and moderated near-term capex
- High renter concentration and elevated ownership costs reinforce multifamily demand depth
- Amenity-rich urban core with strong employer access supports occupancy stability
- Demographic growth within 3 miles points to renter pool expansion and absorption support
- Risk: safety metrics sit below national median; underwrite prudent security/operations and monitor neighborhood trends