| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Good |
| Demographics | 50th | Fair |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 852 49th St, Brooklyn, NY, 11220, US |
| Region / Metro | Brooklyn |
| Year of Construction | 1989 |
| Units | 26 |
| Transaction Date | 1995-11-08 |
| Transaction Price | $1,640,000 |
| Buyer | 848 OCEAN REALTY LLC |
| Seller | 848 REALTY LLC |
852 49th St, Brooklyn — Multifamily Investment in Amenity-Rich Urban Core
Renter demand is supported by a high neighborhood renter-occupied share and dense daily-needs retail, according to WDSuite’s CRE market data. Pricing sits within a high-cost ownership market, which can sustain multifamily occupancy and retention.
Located in Brooklyn’s Urban Core, the neighborhood ranks in the top quartile among 889 metro neighborhoods, signaling strong fundamentals for multifamily. Dense grocery, pharmacy, and dining options are nationally top-tier, giving residents walkable access to daily needs and supporting leasing velocity and retention.
From an investor lens, the area shows a high concentration of renter-occupied housing (neighborhood-level tenure), indicating a deep tenant base for small and mid-size assets. Neighborhood occupancy trends sit around the national midpoint, suggesting steady, though competitive, leasing conditions. Median contract rents are elevated versus many U.S. neighborhoods, while the rent-to-income profile indicates manageable affordability pressure—useful for revenue management rather than aggressive near-term escalation.
Ownership costs are high relative to incomes (neighborhood data), placing this location among higher-cost ownership markets nationally. That dynamic tends to reinforce reliance on rental housing, supporting demand depth and helping stabilize occupancy through cycles. Average school ratings are near the national middle, which can broaden the renter pool without materially shifting pricing power.
Vintage context matters: the neighborhood’s average construction year skews older, while this property’s 1989 delivery is materially newer. That positioning can be competitively favorable versus pre-war stock, though investors should still underwrite modernization of interiors and building systems to meet current renter expectations.
Demographic statistics aggregated within a 3-mile radius show a modest dip in population alongside a small increase in households, with projections indicating further household growth and smaller average household sizes. For multifamily, that points to a gradually expanding renter pool and supports occupancy stability over the medium term, based on commercial real estate analysis from WDSuite.
Safety indicators are mixed and should be underwritten thoughtfully. Compared with other neighborhoods in the New York–Jersey City–White Plains metro, this area’s crime rank positions it on the less favorable side of the spectrum; nationally, it sits below the median for safety. However, recent trends show year-over-year declines in both violent and property offenses at the neighborhood level, with improvement pacing better than many U.S. areas, according to WDSuite’s CRE market data.
For investors, the takeaway is to budget for standard security measures and tenant-experience protocols, while noting the directional improvement that can support leasing and retention over time. Always compare block-level conditions during site visits against the broader neighborhood trend.
Nearby corporate offices across finance and consumer goods provide a broad employment base that supports renter demand and commute convenience for residents. The list below highlights notable employers within approximately 2.8 to 5.1 miles that can contribute to leasing stability.
- Dr Pepper Snapple Group — consumer goods (2.8 miles)
- S&P Global — financial services (4.3 miles) — HQ
- Robert Half International — professional staffing (4.3 miles)
- Guardian Life Ins. Co. of America — insurance (4.4 miles) — HQ
- AIG — insurance (4.5 miles) — HQ
852 49th St is a 1989 vintage, 26-unit asset positioned in an amenity-dense Brooklyn neighborhood where renter-occupied housing is prevalent and neighborhood occupancy hovers near the national midpoint. The property’s relative youth versus the area’s older average stock can be a competitive edge, with potential to capture demand from renters seeking post-war buildings; investors should still plan for targeted system upgrades and interior refreshes to drive rent competitiveness. High home values at the neighborhood level indicate a high-cost ownership market, which tends to sustain multifamily demand and support retention even as incomes rise.
Demographics aggregated within a 3-mile radius point to a small population dip but a growth trajectory in households and higher incomes over the forecast period—conditions that generally expand the renter pool and can support occupancy stability. According to CRE market data from WDSuite, amenity density is nationally top-tier, reinforcing daily convenience that aids leasing velocity, while safety trends are improving year over year and warrant pragmatic, not prohibitive, underwriting.
- 1989 construction offers relative competitiveness versus older neighborhood stock; underwrite modernization for rent positioning
- High renter-occupied share and amenity-rich location support demand depth and leasing stability
- High-cost ownership market reinforces reliance on rentals, aiding retention strategy
- Household growth and income gains (3-mile radius) point to a larger renter base over the medium term
- Risk: safety ranks below national median; trends improving, but budget for security and tenant-experience measures