| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Poor |
| Demographics | 28th | Poor |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1105 Teller Ave, Bronx, NY, 10456, US |
| Region / Metro | Bronx |
| Year of Construction | 1913 |
| Units | 52 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1105 Teller Ave Bronx Multifamily Positioning
Neighborhood occupancy is high and renter demand is deep, according to WDSuite s CRE market data, supporting lease stability for a 52-unit asset. The investor focus here is durable renter-occupied housing in an Urban Core pocket with strong amenity density.
The property sits in a Bronx Urban Core neighborhood rated B and ranked 378 out of 889 in the New York Jersey City White Plains metro above the metro median. Amenity access is a standout: grocery, restaurants, parks, pharmacies, and childcare all register in the top national percentiles, which tends to support day-to-day livability and resident retention.
Occupancy in the neighborhood is strong at the area level, and the share of renter-occupied housing units is very high. For investors, that depth of the tenant base points to consistent leasing velocity and fewer structural vacancies through cycles, though active lease management remains important as pricing evolves.
At the neighborhood level, median home values are comparatively low for the region, which can introduce some competition from entry-level ownership. However, rent-to-income ratios indicate affordability pressure for many households, suggesting sustained reliance on multifamily rental options and the need for disciplined renewals and concessions strategy. Average school ratings trail national benchmarks, so marketing may lean more on commute convenience and services than school appeal.
Construction in this area skews older than the subject the asset s 1984 vintage is newer than the neighborhood average (1971). That positioning can be advantageous versus older stock, while still allowing for targeted value-add such as common-area refreshes, unit finishes, and systems modernization to sharpen competitiveness.
Demographic statistics aggregated within a 3-mile radius show households have grown in recent years and are projected to increase further alongside smaller average household sizes. This combination typically expands the renter pool and supports occupancy stability, with contract rents also projected to rise a positive backdrop for cash-flow management and long-term revenue planning based on commercial real estate analysis from WDSuite.
Safety conditions in the immediate neighborhood track below both metro and national benchmarks. The area s crime ranking sits on the higher side relative to the New York Jersey City White Plains metro (ranked 475 among 889 neighborhoods), and national comparisons place the neighborhood well below the safer percentiles.
Recent trends show mixed signals: violent incident rates have moved lower year over year, indicating some improvement momentum, while property-related offenses remain elevated in national terms. Investors typically account for these patterns through onsite security, lighting, access controls, and resident-engagement practices, and by aligning rents and marketing with workforce demand drivers.
Nearby employment anchors within commutable distance include media, hospitality, apparel, beauty, and investment management offices, supporting a broad renter base and weekday demand. The list below focuses on large, recognizable employers proximate to the property.
- Disney ABC Television Group media (5.26 miles)
- Loews hospitality (5.42 miles) HQ
- Ralph Lauren apparel (5.49 miles) HQ
- Estee Lauder beauty (5.51 miles) HQ
- Icahn Enterprises investment holding (5.53 miles) HQ
1105 Teller Ave is positioned in a Bronx Urban Core neighborhood with strong amenity density and above-median metro standing. The area s high share of renter-occupied units and historically strong neighborhood occupancy support leasing durability, while the 1984 vintage offers room for targeted value-add to outperform older local stock. According to CRE market data from WDSuite, the neighborhood s operating fundamentals and amenity access compare favorably to many national peers, though affordability pressure warrants vigilant lease and expense management.
Demographic trends within a 3-mile radius point to a larger household base ahead and smaller average household sizes, expanding the renter pool and underpinning long-term demand. Proximity to diversified employment clusters across media, hospitality, consumer brands, and investment management further broadens the potential tenant base and supports retention.
- Neighborhood occupancy and renter concentration support leasing stability
- 1984 vintage enables focused value-add versus older local stock
- Dense amenities and commutable access to major employers underpin demand
- Forward outlook: household growth (3-mile) and smaller household sizes expand the renter pool
- Risks: elevated crime relative to metro/nation and affordability pressure require active asset management