| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 19th | Poor |
| Amenities | 97th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1030 Boynton Ave, Bronx, NY, 10472, US |
| Region / Metro | Bronx |
| Year of Construction | 1930 |
| Units | 67 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1030 Boynton Ave, Bronx NY Multifamily Investment
Neighborhood-level occupancy has remained resilient with a deep renter base, according to WDSuite’s CRE market data, positioning this 67-unit, 1988-vintage asset for demand stability in an Urban Core pocket of the Bronx.
The property sits within an Urban Core neighborhood that scores a B overall and is competitive among New York–Jersey City–White Plains metro neighborhoods (rank 402 of 889). Daily-life amenities are a clear strength: restaurants and grocery options are in the upper national percentiles, with parks, pharmacies, and cafes also well represented. For renters, this concentration of services supports convenience and helps sustain day-to-day leasing appeal.
Multifamily fundamentals show a large share of renter-occupied housing at the neighborhood level (high renter concentration), which supports a broad tenant base and historically helps backstop occupancy. Neighborhood occupancy trends have been steady in recent years and sit above national midpoints, while median contract rents have advanced over the last five years. In this context, 1030 Boynton Ave’s 1988 construction is newer than the local average stock (1951), offering relative competitiveness versus older buildings, though investors should still plan for selective modernization typical of a late-1980s vintage.
Within a 3-mile radius, demographics point to a large population with households increasing over the last five years and forecasts suggesting further household expansion alongside smaller average household sizes. This typically indicates more renters entering the market and can support occupancy stability and absorption. Median incomes have risen from prior periods, and while rent-to-income levels signal some affordability pressure, effective lease management can help sustain retention and limit turnover.
Ownership costs in the area are elevated relative to local incomes, which in practice reinforces reliance on multifamily rental options and can support pricing power for well-maintained workforce housing. School quality measures trail national norms, which is worth underwriting into marketing strategy and resident mix expectations. Overall, the combination of amenity depth, renter orientation, and Urban Core accessibility positions the asset favorably for investors focused on multifamily property research.
Safety indicators at the neighborhood level sit below national norms, with crime measures in lower national percentiles. Within the New York–Jersey City–White Plains metro, the neighborhood’s crime rank is around the metro median (459 of 889), indicating it is not among the safest sub-areas but also not the weakest cohort locally.
Recent trend data show an improvement in violent offense rates over the last year, which is a constructive signal for operators tracking portfolio risk and resident retention. Even so, investors should underwrite appropriate security practices and community engagement programs and monitor trajectory over time rather than relying on block-level assumptions.
Proximity to major corporate office nodes supports a broad commuter tenant base and leasing durability, with nearby employers spanning airlines, media, fashion, and consumer products. The following anchors are within commuting distance and help underpin demand from service, administrative, and professional workers.
- Jetblue Airways — airline HQ and corporate offices (6.0 miles) — HQ
- Loews — diversified holding company (6.4 miles) — HQ
- Disney ABC Television Group — media offices (6.5 miles)
- Ralph Lauren — apparel & lifestyle brand (6.5 miles) — HQ
- Estee Lauder — beauty & cosmetics (6.5 miles) — HQ
1030 Boynton Ave combines a renter-oriented location with a comparatively newer 1988 vintage versus much of the surrounding housing stock. The neighborhood’s amenity depth and steady occupancy trends indicate durable demand, while elevated ownership costs relative to incomes reinforce reliance on multifamily rentals. According to CRE market data from WDSuite, the area’s renter concentration is high, supporting a sizable tenant base for a 67-unit asset.
Forward-looking demographics within a 3-mile radius point to growth in household counts and smaller household sizes, which typically expands the renter pool and supports leasing velocity. Operators should account for affordability pressure in rent-to-income ratios and local school quality that trails national norms; targeted unit renovations and service-level differentiation can enhance competitiveness versus older comparables.
- High renter concentration and steady neighborhood occupancy support demand stability
- 1988 vintage offers relative edge versus older local stock with value-add modernization potential
- Amenity-rich Urban Core location reinforces leasing appeal and day-to-day convenience
- Household growth and smaller household sizes within 3 miles expand the renter pool
- Risks: below-national safety and school metrics; manage affordability pressure with disciplined lease strategy