| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 19th | Poor |
| Amenities | 97th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1104 Manor Ave, Bronx, NY, 10472, US |
| Region / Metro | Bronx |
| Year of Construction | 1929 |
| Units | 49 |
| Transaction Date | 2008-06-26 |
| Transaction Price | $4,584,068 |
| Buyer | 1104 GAYATRI MATA LLC |
| Seller | 1104 MANOR AVE LLC |
1104 Manor Ave Bronx Multifamily Investment
Renter demand in this Urban Core Bronx neighborhood is durable, with occupancy steady at the neighborhood level and a deep renter-occupied housing base, according to WDSuite’s CRE market data. The 1988 vintage positions the asset competitively against older local stock while leaving room for targeted modernization.
The immediate area around 1104 Manor Ave is an Urban Core neighborhood rated "B" that competes well within the New York-Jersey City-White Plains metro. Amenity access is a relative strength: neighborhood metrics for groceries and restaurants sit in the top national percentiles, supporting day-to-day convenience and helping with leasing stickiness for working households.
At the neighborhood level, occupancy trends are stable and renter concentration is high. Roughly 85% of housing units are renter-occupied, indicating a deep tenant base that can support leasing velocity and retention through cycles. Median asking rents track mid-range for the borough context with positive five-year growth; based on WDSuite’s multifamily property research, this balance of demand and price point supports income durability rather than outsized volatility.
Relative to the metro, the neighborhood’s amenity rank sits in the top quartile among 889 metro neighborhoods, while housing fundamentals are above national medians. The broader 3-mile radius shows households increasing and average household size trending lower, which typically expands the renter pool and supports occupancy stability for smaller-unit product.
School ratings in the neighborhood trend below metro norms, which can modestly influence family-driven demand. Home values are elevated versus local incomes on a national basis, reinforcing reliance on rental options and supporting tenant retention for well-managed multifamily assets.
Safety indicators for the neighborhood sit below national percentiles, with overall crime around the metro median compared to other New York-Jersey City-White Plains neighborhoods (889 total). Recent data also show year-over-year improvement in violent incident rates, suggesting directional progress even as safety remains a consideration for underwriting and operations.
Investors should calibrate marketing, on-site management, and security measures to local conditions, monitoring neighborhood-level trends over time rather than block-level variation. Comparative framing against metro peers and national percentiles, based on WDSuite’s datasets, is appropriate for risk assessment.
Nearby corporate offices within 6–7 miles provide a diversified white-collar employment base that supports renter demand via commute convenience. The list below highlights key employers with headquarters or major offices that are most relevant to workforce housing in this part of the Bronx.
- Jetblue Airways — airline HQ (6.2 miles) — HQ
- Loews — diversified holdings HQ (6.6 miles) — HQ
- Disney ABC Television Group — media offices (6.6 miles)
- Ralph Lauren — apparel HQ (6.6 miles) — HQ
- Estee Lauder — beauty HQ (6.7 miles) — HQ
Built in 1988, this 49-unit property is newer than much of the surrounding housing stock, which skews mid-20th century. That relative vintage can translate into competitive positioning on systems, layouts, and facade condition, while still leaving room for targeted renovations to elevate finishes and reduce long-term capital exposure. At the neighborhood level, occupancy is steady and renter-occupied housing is prevalent, supporting a broad tenant base and lease-up predictability. According to CRE market data from WDSuite, amenity density ranks competitively in the metro and household counts within a 3-mile radius are projected to increase, both supportive of demand for smaller apartments.
Income durability is further reinforced by a high-cost ownership environment relative to local incomes, which sustains reliance on rental housing. Key underwriting considerations include below-average school ratings, safety metrics that trail national percentiles despite recent improvement, and rent-to-income levels that call for active lease management and retention strategies rather than aggressive near-term pricing.
- 1988 vintage offers competitive edge versus older neighborhood stock with selective value-add potential
- Neighborhood-level occupancy is stable with high renter-occupied share, supporting leasing resilience
- Strong amenity access and projected 3-mile household growth support demand for smaller units
- Elevated ownership costs reinforce reliance on rentals, aiding tenant retention
- Risks: below-national safety percentiles, lower school ratings, and affordability pressure require disciplined operations