| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 58th | Fair |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 92 Meserole St, Brooklyn, NY, 11206, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2006 |
| Units | 32 |
| Transaction Date | 2012-06-27 |
| Transaction Price | $13,750,000 |
| Buyer | Meserole Fee Owner, LLC |
| Seller | 9096 Meserole Street Realty, LLC |
90 Meserole St, Brooklyn — 32-Unit Multifamily in Amenity-Rich Core
Neighborhood occupancy has remained resilient with strong renter demand, according to WDSuite’s CRE market data, supporting income stability for a professionally managed 32-unit asset. This Urban Core location offers depth of tenant base and everyday conveniences backed by disciplined commercial real estate analysis.
Located in Brooklyn’s Urban Core, the property benefits from a top-quartile neighborhood profile among 889 metro neighborhoods (A-rated, rank 63), per WDSuite. Everyday convenience is a clear strength: restaurants and grocery access score in the highest national percentiles, with dense clusters of cafes, parks, and pharmacies supporting walkable living and retention for renters.
For investors, the surrounding neighborhood’s occupancy is high and has inched up over the past five years, according to WDSuite’s CRE market data. A high share of housing units are renter-occupied, indicating a deep tenant base and steady leasing velocity for multifamily product. The area’s median home values are elevated relative to national norms, which typically sustains reliance on multifamily rentals and supports pricing power, while careful rent-to-income monitoring remains prudent for lease management.
Demographics aggregated within a 3-mile radius point to population and household growth, with smaller average household sizes over time. This combination signals ongoing renter pool expansion and demand for well-located, mid-size units near daily amenities. While school ratings in the neighborhood trend below national averages, the amenity concentration and commute connectivity are the primary demand drivers for adult renter households.
Vintage context: the asset’s 2006 construction is newer than the neighborhood’s older building stock (average 1964). That positioning can be competitively advantageous versus legacy properties, while investors should still account for mid-life capital planning and modernization to sustain occupancy and rent growth identified through multifamily property research.
Safety metrics for the neighborhood track below national medians, indicating higher reported incidents than many U.S. neighborhoods. Recent year-over-year trends show declines in both property and violent offense estimates, which investors may view as a constructive directional signal, according to WDSuite’s CRE market data. Contextually, safety perception can vary block to block; underwriting typically incorporates enhanced property management, lighting, and access controls to support resident retention.
The surrounding employment base includes technology, utilities, insurance, and aviation employers within a 3-mile commute, supporting workforce housing demand and leasing stability for nearby multifamily. Specifically, proximity to Yahoo, Con Edison, New York Life, and JetBlue concentrates white-collar employment that aligns with renter demand in this Urban Core location.
- Yahoo — technology/media (2.85 miles)
- Con Edison Distribution Engineering — utilities (2.86 miles)
- Consolidated Edison — utilities (2.86 miles) — HQ
- New York Life Insurance Company — insurance (2.99 miles)
- Jetblue Airways — airline (3.0 miles) — HQ
This 32-unit asset at 90 Meserole St sits in a top-quartile Brooklyn neighborhood marked by amenity density, high neighborhood occupancy, and a deep renter base. Based on CRE market data from WDSuite, occupancy in the surrounding neighborhood remains elevated versus many U.S. areas, while elevated for-sale home values tend to reinforce reliance on rental housing and support pricing power. Demographic trends within a 3-mile radius point to population and household growth and shrinking household sizes, signaling a larger tenant base for professionally managed multifamily.
Built in 2006, the property is newer than much of the local housing stock, which can translate into competitive positioning against older assets. Investors should plan for mid-life system updates and ongoing modernization to align with renter expectations, while also managing affordability pressure through thoughtful rent-to-income policies and renewal strategies.
- High neighborhood occupancy and strong renter concentration support income stability
- Amenity-rich Urban Core location bolsters leasing velocity and retention
- 2006 vintage offers competitive edge versus older stock with manageable mid-life capex
- Risks: below-median safety metrics and rent-to-income pressures require active management