| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Good |
| Demographics | 24th | Poor |
| Amenities | 82nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 902 Liberty Ave, Brooklyn, NY, 11208, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2009 |
| Units | 47 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
902 Liberty Ave, Brooklyn NY Multifamily Investment
Renter demand is supported by a high renter-occupied share in the surrounding neighborhood and occupancy in the low 90s, according to WDSuite’s CRE market data. Newer construction for the area offers relative competitiveness versus older local stock.
Situated in Brooklyn’s Urban Core, the property benefits from neighborhood fundamentals that are competitive among New York–Jersey City–White Plains neighborhoods. Amenity access is strong by national standards: parks, groceries, and pharmacies score in very high national percentiles, indicating daily-needs convenience that supports renter retention and leasing velocity. Café density is thinner locally, but overall amenity strength helps underpin day-to-day livability for residents.
The surrounding neighborhood’s occupancy rate is above the national median and has trended upward over the past five years, supporting a case for income stability. Renter-occupied housing accounts for a large share of units locally, signaling a deep tenant base for multifamily assets and resilience through typical leasing cycles.
Within a 3-mile radius, demographics show recent population growth and an expanding household count, with smaller average household sizes. This points to a larger renter pool over time and supports steady absorption. Median contract rents in the area have increased over the last five years, aligning with broad metro trends and reinforcing pricing power where units are well maintained and positioned.
Home values in the neighborhood are elevated relative to most U.S. areas, indicating a high-cost ownership market that tends to sustain reliance on rental housing. For investors, this dynamic can support demand depth and lease retention, while rent-to-income levels warrant attentive lease management to mitigate affordability pressure.
Safety metrics for the surrounding neighborhood trend below national averages, indicating a relatively higher incidence of reported offenses compared with neighborhoods nationwide. Recent year-over-year readings, however, point to declines in both violent and property offenses, suggesting improving conditions that investors should monitor as part of ongoing underwriting and asset management.
When benchmarking within the New York–Jersey City–White Plains metro (889 neighborhoods), the area compares less favorably on safety than many peers, but the direction of change has been positive. A cautious, data-driven approach to security measures and resident engagement can help support retention and asset performance.
The location serves a broad workforce across financial services, utilities, and airlines, supporting renter demand through diverse employment and commute access to nearby corporate offices, including Prudential, JetBlue, New York Life, AIG, and Con Edison.
- Prudential — corporate offices (1.46 miles)
- Jetblue Airways — airline corporate offices (6.04 miles) — HQ
- New York Life Insurance Company — insurance corporate offices (7.05 miles)
- Aig — insurance corporate offices (7.06 miles) — HQ
- Con Edison Distribution Engineering — utilities engineering offices (7.06 miles)
Built in 2009, this 47-unit asset is newer than much of the local housing stock, offering competitive positioning versus older buildings while limiting near-term capital exposure to the extent major systems remain in good condition. The surrounding neighborhood shows occupancy above the national median and a high concentration of renter-occupied units, supporting a stable tenant base. Elevated ownership costs locally reinforce reliance on rental housing, and within a 3-mile radius, population growth and an increasing household count point to renter pool expansion over the next cycle.
Neighborhood-level income performance is solid relative to national benchmarks, and net operating income per unit trends above national norms, according to CRE market data from WDSuite. Investors should balance these strengths against affordability pressure (rent-to-income levels) and a below-average safety profile by emphasizing renewal strategies, thoughtful amenity upgrades, and disciplined expense control.
- 2009 vintage provides relative competitiveness versus older neighborhood stock and potential for focused value-add.
- Above-median neighborhood occupancy and a high renter-occupied share support demand depth and leasing stability.
- Elevated ownership costs sustain renter reliance, aiding pricing power when units are well maintained.
- 3-mile demographics indicate population growth and more households, expanding the tenant base over time.
- Risks: below-average safety metrics and affordability pressure require proactive lease management and security planning.