| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Good |
| Demographics | 23rd | Poor |
| Amenities | 67th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1055 Grand Concourse, Bronx, NY, 10452, US |
| Region / Metro | Bronx |
| Year of Construction | 1918 |
| Units | 59 |
| Transaction Date | 2010-11-15 |
| Transaction Price | $3,325,000 |
| Buyer | CHASE C LLC |
| Seller | 1055 BLUE LLC |
1055 Grand Concourse Bronx Multifamily Investment
Neighborhood-level occupancy is strong and renter demand is deep in this Bronx Urban Core location, based on CRE market data from WDSuite. The setting favors stable leasing dynamics for professionally managed units.
Located along the Grand Concourse in the Bronx Urban Core, the property benefits from dense amenities and a renter-oriented housing base. Neighborhood occupancy is in the top quartile nationally, supporting lease-up consistency and retention, according to WDSuite s CRE market data.
Amenity access is a differentiator: neighborhood restaurant and grocery density ranks near the top of national peers, with pharmacies also in the top tier. Within the New York-Jersey City-White Plains metro, the area s overall amenity rank sits in the upper segment (220 out of 889 neighborhoods), indicating competitive daily convenience that supports renter livability and renewal prospects.
The housing stock skews renter-occupied at the neighborhood level, indicating a broad tenant base and demand depth for multifamily. With the average building vintage in the area older than mid-century, a 2012 asset is relatively newer, which can improve competitive positioning versus older stock while still warranting routine capital planning for systems and common areas over a hold period.
Demographic statistics are aggregated within a 3-mile radius and point to a large population base with increasing households and a shrinking average household size over time rends that typically expand the renter pool and support occupancy stability. Ownership remains a high-cost option in the area relative to incomes (high national percentile for value-to-income), which tends to reinforce reliance on multifamily rentals and can aid pricing power, while careful lease management is prudent where rent-to-income ratios signal affordability pressure. Average school ratings trail national benchmarks, so education quality may not be a primary draw; investors often lean on access, transit connectivity, and services to drive demand in similar urban submarkets.
Safety indicators should be viewed in a broader context. Compared with neighborhoods nationwide, the area sits below the national median for safety (crime metrics around the lower national percentiles), which places it as more challenging than many U.S. neighborhoods. Within the New York-Jersey City-White Plains metro (889 neighborhoods total), the neighborhood s crime standing is on the less favorable side of the spectrum.
Recent trend data from WDSuite shows year-over-year declines in both violent and property offenses, which is a constructive signal for operators and residents. Investors typically account for these dynamics through security protocols, lighting and access controls, and active community management to support resident retention and asset performance over time.
Proximity to Manhattan s major employers underpins commuter demand and supports retention for workforce and service-sector renters. Key nearby employers include Disney ABC Television Group, Loews, Cognizant Technology Solutions, Ralph Lauren, and Est E9e Lauder all within roughly five miles.
- Disney ABC Television Group media (5.1 miles)
- Loews diversified holding (5.3 miles) HQ
- Cognizant Technology Solutions IT services (5.4 miles) HQ
- Ralph Lauren apparel (5.4 miles) HQ
- Estee Lauder cosmetics (5.4 miles) HQ
1055 Grand Concourse offers a 2012-vintage, 59-unit Bronx asset positioned against an older neighborhood stock, providing relative competitive appeal for renters seeking modern finishes and systems. Neighborhood occupancy trends rank in the top quartile nationally, and the renter-occupied share is high, indicating a deep tenant base that supports leasing stability. According to CRE market data from WDSuite, robust amenity density and sustained renter reliance in this Urban Core location underpin demand even as residents face higher rent-to-income ratios.
Forward-looking demographics within a 3-mile radius indicate increasing households and smaller household sizes, which typically expand the renter pool and support steady absorption. Elevated ownership costs relative to incomes suggest continued reliance on multifamily housing, while below-median school scores and area safety considerations call for hands-on operations and resident experience focus to sustain occupancy and collections.
- Newer 2012 construction versus predominantly older neighborhood stock competitive positioning with moderated near-term capex needs
- Strong neighborhood-level occupancy and high renter concentration support demand depth and leasing stability
- Dense amenities and major-employer access bolster retention and day-to-day livability
- 3-mile household growth and smaller household sizes point to renter pool expansion over time
- Risks: below-national-median safety and school ratings plus affordability pressure require proactive management and prudent lease strategies