| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 82nd | Best |
| Amenities | 83rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 726 5th Ave, Brooklyn, NY, 11232, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2002 |
| Units | 22 |
| Transaction Date | 2000-08-17 |
| Transaction Price | $125,000 |
| Buyer | 18 BRIDGE STREET LLC |
| Seller | 732 5TH AVENUE REALTY CORP |
726 5th Ave, Brooklyn NY Multifamily Investment
Renter demand is supported by a high-cost ownership market and an above-median neighborhood occupancy profile, according to CRE market data from WDSuite. A newer 2002 vintage relative to the area s older housing stock positions this asset competitively for leasing and selective upgrades.
The property sits in an Urban Core neighborhood rated A and ranked in the top quartile among 889 metro neighborhoods, indicating strong fundamentals for multifamily investors. Neighborhood metrics referenced here describe the surrounding area, not the property s own performance.
Livability drivers are deep: cafes, childcare, groceries, pharmacies, and restaurants measure at or near the highest national percentiles, supporting walkable daily needs and tenant retention. The average school rating in the neighborhood is among the top tier nationally, which can enhance leasing appeal across family and household segments.
From a housing perspective, the neighborhood s occupancy stands above the national median, and about two-thirds of housing units are renter-occupied a high renter concentration that broadens the tenant base and supports demand stability. The property s 2002 construction year is newer than the neighborhood s older average vintage (1958), suggesting relative competitiveness versus legacy assets while still warranting capital planning for systems modernization over a long hold.
Home values in the neighborhood rank among the highest nationally, creating a high-cost ownership market that tends to sustain reliance on multifamily housing and can support pricing power. At the same time, neighborhood rent-to-income levels are relatively manageable compared with many areas, which can aid lease retention and reduce turnover risk. Park access is limited immediately around the neighborhood, so on-site or nearby private open-space features may be a differentiator.
Demographic statistics are aggregated within a 3-mile radius. Over the last five years, households increased even as population was roughly flat, indicating smaller household sizes and diversified renter profiles. Looking ahead, population is projected to grow and households are expected to rise meaningfully with smaller average household sizes, supporting a larger tenant base and occupancy stability for well-positioned assets.
Safety indicators show mixed but improving signals at the neighborhood level. Nationally, the area s overall safety position is below the median, yet year-over-year trends point favorable: estimated property offenses declined by about 43% and estimated violent offenses fell by roughly 11%. These are neighborhood-level metrics and may support incremental stability if the trend persists, but investors should continue to underwrite conservatively and monitor local conditions over time.
Proximity to established employers supports workforce housing demand and commute convenience, with nearby anchors in beverages, financial information, insurance, and professional services that align with a diverse renter base.
- Dr Pepper Snapple Group beverage (1.8 miles)
- S&P Global financial information & ratings (3.1 miles) HQ
- Guardian Life Ins. Co. of America insurance (3.1 miles) HQ
- Robert Half International staffing/services (3.1 miles)
- AIG insurance & financial services (3.2 miles) HQ
726 5th Ave offers 22 units built in 2002, which is newer than much of the surrounding housing stock and supports competitive positioning versus older inventory. The neighborhood shows above-median occupancy, deep renter concentration, and strong amenity access, while elevated ownership costs in the area tend to sustain reliance on multifamily housing for households that prioritize location and convenience.
Based on commercial real estate analysis from WDSuite, neighborhood-level rent-to-income metrics appear comparatively manageable, aiding retention, and 3-mile demographics point to household growth with smaller household sizes that can expand the renter pool over time. Investors should weigh these strengths against local safety percentiles that remain below the national median and factor in ongoing capital planning typical for a 2002 vintage.
- Newer 2002 vintage versus older neighborhood stock supports leasing and moderate value-add potential
- High renter-occupied share and above-median neighborhood occupancy support demand stability
- High-cost ownership market underpins renter reliance and potential pricing power
- 3-mile outlook shows rising households and smaller sizes, expanding the tenant base
- Risks: below-median national safety percentile and limited nearby park space warrant conservative underwriting