| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 43rd | Poor |
| Amenities | 100th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 832 Dekalb Ave, Brooklyn, NY, 11221, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2013 |
| Units | 51 |
| Transaction Date | 2007-06-22 |
| Transaction Price | $640,000 |
| Buyer | BROOME REALTY LLC |
| Seller | THROOP HOLDINGS LLC |
832 Dekalb Ave Brooklyn Multifamily Opportunity
Neighborhood fundamentals point to durable renter demand and high occupancy, according to WDSuite’s CRE market data, with a deep renter base supporting lease stability. Newer construction at the property level positions operations competitively against older local stock.
The property sits in an Urban Core neighborhood in Brooklyn rated A and ranked 110 out of 889 metro neighborhoods—top quartile among New York–Jersey City–White Plains submarkets. For investors, this indicates competitive location fundamentals that have historically supported leasing performance and resident retention.
Amenities are a core strength: grocery, pharmacy, park, and cafe density ranks in the top tier nationally, reinforcing day-to-day convenience that helps sustain renter appeal. While the average school rating in the area trends below national norms, the amenity mix and urban connectivity continue to attract a broad renter base.
Renter concentration in the neighborhood is elevated, and the neighborhood occupancy rate trends above national medians—both supportive of multifamily demand depth and ongoing absorption. Area rents benchmark above the U.S. median, which can underpin revenue, though it also calls for attentive lease management to balance pricing power with renter affordability.
The asset’s 2013 construction is newer than the neighborhood’s typical vintage (1970s era), offering a relative competitive edge versus older stock. Investors should still plan for periodic system upgrades and selective repositioning to maintain standing against ongoing deliveries and refreshed Class B/C comparables.
Within a 3-mile radius, demographics show recent population and household growth with a continued increase in higher-income cohorts. Forecasts point to additional household gains and a modest reduction in average household size, which can expand the renter pool and support occupancy stability for well-located buildings.
For ownership context, elevated home values in the neighborhood and a high value-to-income environment tend to reinforce reliance on rental housing, supporting tenant retention and pricing discipline for stabilized, well-managed assets.
Safety metrics for the neighborhood track below national averages, with violent and property offense indicators placing the area in lower national percentiles. Investors should underwrite with prudent security and operational practices appropriate for dense urban locations.
Recent year-over-year trends show improvement, with declines in both violent and property offense estimates. While these positive movements are encouraging, risk remains uneven across blocks; portfolio strategies that incorporate lighting, access control, and active property management can help support resident confidence over time.
Proximity to major Manhattan employers supports a sizable commuter tenant base and aids lease retention for workforce and professional renters. Notable nearby corporate offices include AIG, S&P Global, Guardian Life, AmTrust Financial Services, and Assurant.
- Aig — insurance (3.4 miles) — HQ
- S&P Global — financial data & ratings (3.55 miles) — HQ
- Amtrust Financial Services — insurance (3.59 miles) — HQ
- Guardian Life Ins. Co. of America — insurance (3.59 miles) — HQ
- Assurant — insurance (3.65 miles) — HQ
832 Dekalb Ave offers investors a modern, 51-unit asset delivered in 2013 that competes well against older neighborhood inventory. Strong neighborhood occupancy and a high share of renter-occupied units point to a deep tenant base, while elevated ownership costs locally tend to sustain rental demand and support pricing discipline. According to CRE market data from WDSuite, the surrounding neighborhood ranks among the metro’s top quartile, with amenity density that reinforces day-to-day livability and leasing velocity.
Forward-looking household growth within a 3-mile radius, coupled with rising income tiers, indicates ongoing renter pool expansion. Investors should balance these strengths with careful attention to affordability pressure and below-average school ratings, and maintain urban-focused safety practices. The asset’s newer vintage reduces near-term CapEx relative to older peers, though targeted upgrades can further enhance positioning and retention.
- Newer 2013 construction versus older local stock supports competitive positioning and moderated near-term CapEx.
- High neighborhood renter concentration and above-median occupancy support demand depth and lease stability.
- Amenity-rich Urban Core location underpins leasing velocity and resident retention.
- Elevated home values locally help sustain multifamily demand and pricing discipline for well-managed assets.
- Risks: below-average school ratings, affordability pressure, and urban safety considerations require proactive management.