| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 52nd | Fair |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 803 Knickerbocker Ave, Brooklyn, NY, 11207, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2013 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
803 Knickerbocker Ave: 2013 Brooklyn Multifamily Investment
Newer construction in a high renter-occupied neighborhood supports durable leasing fundamentals, according to WDSuite’s CRE market data.
The property sits in an Urban Core pocket of Brooklyn with an A neighborhood rating and a competitive standing among 889 New York metro neighborhoods (ranked 97th). Dense amenity access is a clear strength: restaurants, groceries, and daily services score in the top national percentiles, translating to walkable convenience that typically aids lease-up and retention.
Neighborhood occupancy has trended higher over the past five years and remains solid, supporting cash flow stability for multifamily owners. Renter concentration is high (share of renter-occupied housing units well above the metro norm), indicating a deep tenant base and steady demand for apartments rather than ownership product.
Within a 3-mile radius, household counts have increased in recent years with projections for further growth and smaller average household size, pointing to more renters entering the market and supporting occupancy stability. Median household incomes have risen, expanding the qualified renter pool, while elevated home values in the area reinforce reliance on multifamily housing rather than ownership.
School options in the broader area rate below national averages, which can factor into family renter preferences, while amenity breadth offsets by widening appeal to singles and working households. Overall, neighborhood performance metrics and top-tier amenity density compare favorably to metro and national CRE trends, based on WDSuite’s market data.
Safety indicators in this neighborhood compare less favorably than many areas nationwide (national crime percentile in the lower half), and the location sits on the higher-crime side of the distribution within the New York metro (ranked 265th of 889 metro neighborhoods; lower ranks indicate more reported crime). For investors, this typically translates to closer attention to access control, lighting, and security-forward property operations.
Recent trends show year-over-year declines in both violent and property offense rates in the neighborhood, which is a constructive directional signal. Framing safety at the neighborhood level rather than the property, this trajectory can support leasing confidence if sustained, but underwriting should still reflect location-specific operating practices.
Proximity to major employers supports commuter convenience and renter demand in this part of Brooklyn. Key employment nodes within a short radius include Prudential, JetBlue Airways, Consolidated Edison, New York Life Insurance Company, and Con Edison Distribution Engineering.
- Prudential — corporate offices (3.4 miles)
- Jetblue Airways — corporate offices (4.3 miles) — HQ
- Con Edison Distribution Engineering — corporate offices (5.1 miles)
- Consolidated Edison — corporate offices (5.1 miles) — HQ
- New York Life Insurance Company — corporate offices (5.1 miles)
Built in 2013 with 25 units, 803 Knickerbocker Ave offers a newer-vintage profile versus much of the surrounding housing stock, providing competitive positioning against older buildings while keeping near-term capital needs more predictable. Strong neighborhood amenity density and a high share of renter-occupied housing units point to a deep tenant base and support for occupancy stability. Elevated ownership costs in the area further sustain rental demand, while recent household growth within a 3-mile radius indicates a larger renter pool ahead.
According to commercial real estate analysis from WDSuite, neighborhood-level NOI per unit performance ranks among the stronger cohorts metro-wide, aligning with the area’s walkability and service access. Balanced underwriting should still account for affordability pressure (higher rent-to-income ratios) and mixed school ratings, with asset management focused on retention and operational differentiation rather than outsized rent pushes.
- 2013 vintage offers competitive positioning versus older local stock, with clearer near-term CapEx planning.
- High renter-occupied share signals depth of tenant demand and supports occupancy stability.
- Dense amenity access (food, groceries, services) underpins leasing velocity and retention.
- Elevated ownership costs in the area reinforce reliance on multifamily housing.
- Risks: affordability pressure (higher rent-to-income), below-average school ratings, and location-specific safety considerations require proactive operations.