Classichits
1389 E 51st St, Brooklyn, NY 11234
Brooklyn, New York, United States
Address
City: Brooklyn
State: New York
Postal Code: 11234
Country: United States
Business facts
Estimated annual revenue~$454.9K
Estimated employees~3
Estimate based on moderate signals
Area statistics (11234)
Population89,976
Median household income$91,379
Source: US Census ACS
About
Classichits is located in Brooklyn, New York. This business is working in the following industry: Serviced Accommodation.
Market analysis
Earning below its category median in a growing category (Serviced Accommodation).
EstimateCategory trend: 2024, +6.5%
Revenue trend (modeled)
~$368.8K2019
~$245.9K2020
~$292.0K2021
~$398.4K2022
~$434.2K2023
~$454.9K2024
Modeled from official industry statistics+4.3%/yr since 201980% confidence band: ±42%
Property
Lot size4,949 sq ft
Land use01
CountyKings
Parcel ownerDESSOURCES CARLO
ObservedPublic assessor / cadastre record
Category context
| Businesses | Total revenue | Mean | Median | Median rating | vs median | |
|---|---|---|---|---|---|---|
| Serviced Accommodation in New York | 148 | ~$223.0M | ~$1.5M | ~$568.4K | 4.6★ | 0.8× |
Category revenue trend2024: +6.5%2023: +10.2%2022: +19.1%2021: +15.8%Modeled from business-level estimates
Chain pressure90 chains expanding in this category, led by Bart-Inn, Marriot, Super 8 (+564 locations since 2016)
Revenue trajectory vs benchmarks (indexed, 2019 = 100)
Estimate
Immediate area (1 km)
| Businesses | Total revenue | Mean | Median | Jobs | Estimated wage bill | vs median | |
|---|---|---|---|---|---|---|---|
| 1 km area (all businesses) | 422 | ~$650.0M | ~$1.5M | ~$680.7K | 1,708 | ~$204.9M | 0.7× |
| Accommodation and food service activities | 28 | ~$18.8M | ~$671.9K | — | 189 | — | — |
1 km area (all businesses): median from the 336 of 422 businesses with estimates
Estimate
Area conditions (11234)
Population89,976 ±2,620
Median household income$91,379 ±$2,339
Median home value$715,400
Bachelor's degree or higher0.4%
Unemployment rate0.1%
Source: US Census ACS