| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Fair |
| Demographics | 22nd | Poor |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1451 Crotona Pl, Bronx, NY, 10456, US |
| Region / Metro | Bronx |
| Year of Construction | 1931 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1451 Crotona Pl Bronx Multifamily Investment
Neighborhood occupancy is strong at roughly 98% and renter concentration is high, supporting durable tenant demand according to WDSuite’s CRE market data. Positioning in the Bronx Urban Core offers consistent leasing fundamentals with room for value-focused execution.
Located in the Bronx Urban Core, the immediate neighborhood rates a B and places above metro median across several renter-relevant factors. Amenity access is a clear strength, with dense coverage of groceries, parks, pharmacies, and everyday retail that supports daily convenience and resident retention. The submarket also shows competitive dining and cafe density relative to New York-Jersey City-White Plains, aiding renter appeal and reducing turnover risk.
Occupancy in the neighborhood ranks in the top quartile among 889 metro neighborhoods and is in the top decile nationally, indicating stable absorption for workforce and family households. The area’s housing stock skews renter-occupied (about 94% of units), signaling a deep tenant base and reinforcing demand for professionally managed multifamily assets. Median home values are elevated for the borough context, which tends to sustain reliance on rental housing and supports pricing power for well-managed properties.
Within a 3-mile radius, households expanded over the last five years and are projected to continue growing, even as average household size trends lower. This mix points to a larger renter pool over time and supports occupancy stability. Median household incomes are rising from a low base, and rent-to-income levels indicate some affordability pressure; for investors, this argues for active lease management and amenity-value positioning rather than purely top-of-market premiums.
Average neighborhood construction dates to the late 1950s, while this asset was built in 1991. The comparatively newer vintage can be a competitive advantage versus older walk-up stock, though investors should still plan for modernization of aging systems and potential common-area upgrades to capture demand and maintain retention.
Safety outcomes in the surrounding neighborhood trail national norms, based on comparative indicators. However, recent trends show year-over-year declines in both property and violent offense estimates, suggesting gradual improvement. As with any Urban Core location, prudent security design, lighting, and resident engagement programs can help support on-site safety and retention.
- Disney ABC Television Group — media offices (5.96 miles)
- Cognizant — technology consulting (6.04 miles)
- Cognizant Technology Solutions — technology consulting (6.08 miles) — HQ
- Loews — diversified holding company (6.10 miles) — HQ
- Ralph Lauren — apparel & lifestyle brand offices (6.16 miles) — HQ
Nearby corporate offices within commuting range underpin renter demand through diverse white-collar employment, including media, technology consulting, retail/apparel, and travel services.
1451 Crotona Pl offers scale for its niche at 21 units with larger average floor plans (~1,056 sq. ft.), aligning with family-oriented demand in this Bronx Urban Core location. Neighborhood occupancy is strong and renter-occupied share is high, supporting leasing stability and a broad tenant base. Elevated ownership costs in the area reinforce reliance on rentals, while, according to CRE market data from WDSuite, the neighborhood’s amenity density and top-quartile occupancy positioning compare favorably to many metro peers.
Built in 1991, the property is newer than much of the surrounding housing stock, providing relative competitiveness versus older assets. Investors should plan for targeted system modernization and common-area upgrades to drive retention and rent trade-outs, balancing this with careful affordability and lease management given observed rent-to-income levels and below-average school scores. Long-run demand is supported by a growing household count within 3 miles and dense employment access across multiple industries.
- High neighborhood occupancy and deep renter-occupied housing base support stable absorption
- 1991 vintage offers competitive positioning versus older stock, with value-add via targeted modernization
- Elevated ownership costs reinforce multifamily demand and pricing power for well-managed units
- Amenity-rich Urban Core location aids retention and leasing velocity
- Risks: affordability pressure, below-national safety indicators, and weaker school ratings require active asset management