| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 37th | Poor |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 950 Kent Ave, Brooklyn, NY, 11205, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2005 |
| Units | 104 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
950 Kent Ave, Brooklyn NY Multifamily Investment
Positioned in a high-demand renter corridor with dense amenities, this asset benefits from neighborhood fundamentals that support steady leasing, according to CRE market data from WDSuite.
Neighborhood fundamentals around 950 Kent Ave are investment-friendly for multifamily. The area earns an A- rating and ranks 137 out of 889 metro neighborhoods — a position in the top quartile among New York-Jersey City-White Plains submarkets — reflecting strong urban core attributes and renter depth, based on WDSuite s CRE market data.
Amenity access is a clear strength. The neighborhood sits in the 99th percentile nationally for restaurants, groceries, parks, pharmacies, and cafes, which helps leasing velocity and resident retention. Median contract rents in the neighborhood are high relative to most U.S. areas (91st percentile), reinforcing pricing power for well-positioned assets while requiring attentive affordability and lease management.
Renter-occupied housing is prevalent, with a neighborhood renter concentration of 78.2%. For investors, this indicates a deep tenant base and durable multifamily demand. Neighborhood occupancy is 92.6% — consistent with stable operations in comparable urban submarkets — supporting the outlook for income durability under normal market conditions.
Within a 3-mile radius, demographics show population growth over the last five years and a notable increase in households, expanding the local renter pool. Forecasts point to continued gains in both population and households alongside smaller average household sizes, which typically supports ongoing demand for rental units and absorption of a range of unit types.
Home values are elevated (99th percentile nationally) and the value-to-income ratio is also in the 99th percentile. In practice, this high-cost ownership market sustains reliance on rental housing and can bolster lease retention, though rent-to-income levels near one-third of income signal potential affordability pressure that operators should manage with renewal and pricing strategies. Average school ratings in the area are below national norms, which is a consideration for family-oriented leasing but less impactful for workforce and young-professional demand segments common in urban cores.
Safety trends should be weighed in underwriting. Relative to 889 metro neighborhoods, this area s crime rank indicates crime levels that are elevated versus many parts of the region. Nationally, the neighborhood sits below the median for safety; however, year-over-year trends have improved, with estimated violent and property offenses declining, according to WDSuite s CRE market data.
Specifically, estimated violent offenses decreased by about 22% and estimated property offenses fell by roughly 30% over the past year. For investors, this directional improvement is constructive, but prudent assumptions for security measures, lighting, and resident communication remain appropriate in an urban-core context.
The employment base nearby is anchored by large finance and insurance employers, which supports renter demand through commute convenience and diversified white-collar payrolls. Key employers include AIG, S&P Global, Guardian Life, AmTrust Financial Services, and Assurant.
- Aig corporate offices (2.6 miles) HQ
- S&P Global corporate offices (2.8 miles) HQ
- Guardian Life Ins. Co. of America corporate offices (2.8 miles) HQ
- Amtrust Financial Services corporate offices (2.8 miles) HQ
- Assurant corporate offices (2.9 miles) HQ
Built in 2006, this 104-unit asset is newer than much of the local housing stock (average vintage around 1980), offering competitive positioning versus older inventory and potential to moderate near-term capital needs while still leaving room for modernization to drive rent premiums. Elevated neighborhood home values and a large renter-occupied share indicate a deep tenant base and support for occupancy stability, based on commercial real estate analysis from WDSuite.
Neighborhood occupancy sits at 92.6% and amenity access is among the strongest nationally, reinforcing leasing traction. Within a 3-mile radius, recent population and household growth, along with forecasts calling for further expansion and smaller household sizes, point to ongoing renter pool expansion. Counterbalancing factors include rent-to-income levels near one-third of income, below-average school ratings, and urban-core safety considerations; these primarily call for attentive lease management, resident experience initiatives, and prudent security planning rather than a change in thesis.
- 2006 vintage offers competitive positioning versus older neighborhood stock, with value-add modernization potential.
- Deep renter base (high renter-occupied share) and strong amenity density support occupancy and leasing velocity.
- Population and household growth within 3 miles expand the tenant base and support absorption.
- Elevated home values reinforce rental reliance and can underpin pricing power for well-positioned units.
- Risks: affordability pressure (rent-to-income near one-third), below-average school ratings, and urban-core safety require proactive operations.