| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Poor |
| Demographics | 37th | Poor |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 805 E New York Ave, Brooklyn, NY, 11203, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2011 |
| Units | 91 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
805 E New York Ave, Brooklyn Multifamily with Compact Units
Newer construction relative to the neighborhood positions this asset to compete for a deep renter base, according to WDSuite’s CRE market data. Neighborhood occupancy trends and pricing context suggest investors should underwrite for leasing management while leveraging steady renter demand.
Located in Brooklyn’s Urban Core, the property sits in a renter-centric neighborhood with a high share of renter-occupied housing units, supporting demand depth and day-to-day leasing velocity. The asset was built in 2011, newer than the neighborhood’s average construction vintage (1970s), which can reduce near-term capital planning needs and enhance competitive positioning versus older stock.
Local amenity access is around the metro median overall, with certain categories standing out: cafes and grocery options are competitive among New York–Jersey City–White Plains neighborhoods (ranks in the more favorable portion of the metro distribution), which supports resident convenience and retention. Park access within the immediate neighborhood measures lower, so on-site or nearby private open-space features can be a differentiator.
Neighborhood rents sit in the upper half of national distributions while the area’s value-to-income levels indicate a high-cost ownership market. Elevated ownership costs tend to reinforce renter reliance on multifamily housing, which can support occupancy stability and pricing power when managed thoughtfully. At the same time, rent-to-income metrics point to manageable affordability pressure relative to many coastal submarkets, aiding lease retention.
Within a 3-mile radius, population and household counts have grown and are projected to expand further through 2028, with average household size trending lower. This points to a larger tenant base and more one- and two-person households entering the market—conditions that align with compact unit layouts and can support consistent absorption, based on CRE market data from WDSuite.
Safety indicators for the neighborhood track below national averages and sit below the metro median among 889 New York–Jersey City–White Plains neighborhoods. However, recent trend data shows year-over-year declines in both violent and property offenses, indicating improving conditions. Investors should underwrite for prudent security measures and resident communications while recognizing the directional improvement.
Proximity to major employers in finance and consumer brands supports commuter convenience and a stable renter pipeline, particularly for workforce and entry-level professional tenants. The following nearby offices anchor employment access for residents: Prudential, Dr Pepper Snapple Group, AIG, S&P Global, and Guardian Life.
- Prudential — insurance (4.4 miles)
- Dr Pepper Snapple Group — beverages (4.5 miles)
- Aig — financial services (4.7 miles) — HQ
- S&P Global — financial information (4.8 miles) — HQ
- Guardian Life Ins. Co. of America — insurance (4.8 miles) — HQ
Built in 2011 with 91 units averaging compact square footage, the property is newer than the surrounding neighborhood stock, offering relative competitiveness and potential maintenance advantages versus older buildings. The area’s deep renter-occupied share supports a broad tenant pool, and elevated ownership costs in the neighborhood context tend to sustain reliance on rentals. According to CRE market data from WDSuite, neighborhood occupancy sits below metro medians, so value is likely realized through active leasing management, thoughtful renewals, and amenity positioning that offsets limited public open space nearby.
Within a 3-mile radius, population and households have increased and are projected to expand further by 2028 while average household size declines—trends that can favor smaller layouts and drive steady absorption. Employers within roughly five miles in finance and consumer sectors enhance commuter connectivity and support resident retention.
- 2011 vintage offers competitive positioning versus older neighborhood stock and may moderate near-term capex.
- Renter-heavy neighborhood and high-cost ownership context support demand depth and lease retention.
- 3-mile radius shows population and household growth with smaller household sizes, aligning with compact units.
- Proximity to finance and consumer employers supports commuter convenience and leasing stability.
- Risks: below-metro neighborhood occupancy and safety metrics; success depends on proactive leasing and asset management.