| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 37th | Poor |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 80 S 10th St, Brooklyn, NY, 11249, US |
| Region / Metro | Brooklyn |
| Year of Construction | 1995 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
80 S 10th St Brooklyn Multifamily Investment
Positioned in an Urban Core pocket of Brooklyn with a high share of renter-occupied housing at the neighborhood level, the asset benefits from durable tenant demand and leasing depth, according to WDSuite’s CRE market data.
80 S 10th St sits within a dense Urban Core area of Brooklyn that scores A- at the neighborhood level, with amenities that rank competitive among New York–Jersey City–White Plains metro neighborhoods (889 total). Restaurants, cafes, parks, groceries, and pharmacies are abundant, with neighborhood amenity access in the top percentiles nationally—supportive of leasing velocity and resident retention.
The submarket’s renter concentration is high at the neighborhood scale, placing in the top quartile nationally for renter-occupied share. For multifamily owners, this signals a deep tenant base and consistent demand across unit types, even as neighborhood occupancy trends are closer to the national middle of the pack. Neighborhood median contract rents have increased over the past five years, reinforcing pricing power in well-managed assets.
Within a 3-mile radius, demographics show population growth and a faster increase in households, pointing to a larger tenant base and more renters entering the market over time. Forecasts also indicate continued gains in population and households, which typically support occupancy stability and absorption for renovated or well-positioned units.
Construction year for the property is 1995, newer than the neighborhood’s average vintage. This can provide a competitive edge versus older stock while still warranting targeted updates to common areas, unit finishes, and building systems to maintain positioning and justify rents. Ownership costs in the area are elevated relative to incomes, and home values are high at the neighborhood level, which tends to sustain reliance on multifamily rentals and supports lease retention.
Neighborhood-level safety signals trail national norms, with both property and violent offense rates lower on national safety percentiles. However, recent year-over-year trends show improving momentum, with estimated offense rates declining over the last year according to WDSuite’s CRE market data. Compared with the 889 neighborhoods in the New York–Jersey City–White Plains metro, conditions are mixed but improving, which owners should factor into leasing strategy and security planning.
Investors should underwrite with pragmatic assumptions: highlight building access controls, lighting, and on-site management practices, and monitor ongoing neighborhood trendlines rather than relying on block-level anecdotes.
Nearby corporate offices create a substantial white-collar employment base that supports renter demand and commute convenience, led by insurance and utilities firms and complemented by technology media tenants.
- Aig — insurance (2.06 miles) — HQ
- Yahoo — technology/media offices (2.06 miles)
- Con Edison Distribution Engineering — utilities engineering (2.15 miles)
- Consolidated Edison — utilities (2.15 miles) — HQ
- Amtrust Financial Services — insurance (2.21 miles) — HQ
This 24-unit property, built in 1995, is newer than much of the surrounding stock, offering relative competitiveness versus older assets while leaving room for targeted value-add through modernization of finishes and systems. The neighborhood shows strong renter demand fundamentals: high renter-occupied share, abundant amenities, and household growth within a 3-mile radius that expands the tenant base and supports occupancy stability. Elevated ownership costs at the neighborhood level further reinforce renter reliance on multifamily housing.
According to CRE market data from WDSuite, neighborhood operating performance indicators are strong by national comparison, while safety metrics are improving from weaker baselines and rent-to-income pressures warrant active lease management. Taken together, the asset’s location supports steady leasing, with upside tied to renovation execution and disciplined expense control.
- Newer 1995 vintage vs. local average, with value-add potential via targeted upgrades
- Deep renter pool and amenity-rich Urban Core location support leasing and retention
- 3-mile radius shows population and household growth, expanding tenant demand
- Elevated ownership costs at the neighborhood level sustain reliance on rentals
- Risks: affordability pressure (rent-to-income) and below-average safety metrics require proactive lease and operations management