| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Poor |
| Demographics | 28th | Poor |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1125 Boston Rd, Bronx, NY, 10456, US |
| Region / Metro | Bronx |
| Year of Construction | 1912 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1125 Boston Rd, Bronx NY Multifamily Investment
Neighborhood-level occupancy has been persistently high, supporting leasing durability for smaller-unit assets, according to WDSuite’s CRE market data.
This Urban Core Bronx neighborhood rates a B and sits above the metro median (rank 378 of 889) with dense daily-needs access. Amenity density tests in the top quartile nationally, with restaurants, groceries, parks, and pharmacies ranking near the top of U.S. neighborhoods. For workforce-oriented multifamily, this concentration tends to sustain foot traffic and convenience that can aid retention.
Neighborhood occupancy is strong (nationally top quartile), and net operating income per unit benchmarks competitively (high national percentile), based on CRE market data from WDSuite. These metrics point to depth in the local renter pool and support for stable collections across cycles. Note that these measures reflect the surrounding neighborhood, not performance at the property.
The housing stock in the area skews older than 1971 on average, while the subject property’s 2001 vintage is newer. For investors, 2001 construction can offer a relative competitive edge versus older walk-up stock, with potential to capture demand through light modernization and systems upkeep rather than full rehabs; capital planning should still account for aging mechanicals as the asset approaches nearly 25 years in service.
Tenure patterns indicate a very high share of renter-occupied housing units in the neighborhood, reinforcing a large tenant base and steady multifamily demand. Within a 3-mile radius, recent years show a modest decrease in population alongside growth in the number of households and a smaller average household size, dynamics that can expand the renter pool. Forward-looking 3-mile projections anticipate additional household growth, which, if realized, would further support occupancy stability and leasing velocity.
Ownership costs in the neighborhood are comparatively lower by national benchmarks, which can create some competition from entry-level ownership alternatives. At the same time, rent-to-income ratios indicate affordability pressure for many renters, suggesting an emphasis on lease management, renewal strategies, and value-oriented unit improvements to balance pricing power with retention. Average school ratings trail national norms; for assets targeting family renters, this may influence unit mix appeal and marketing focus.
Neighborhood safety indicators are below national averages (national safety percentiles are lower than midpack), placing the area less safe than many U.S. neighborhoods. Within the New York–Jersey City–White Plains metro, the neighborhood’s crime rank sits in the middle of 889 neighborhoods, signaling conditions that investors should underwrite with prudent security measures and operating practices.
Recent trend data show a year-over-year decrease in estimated violent offenses, while property offenses have moved up. For multifamily operations, this mixed trend argues for standard risk controls such as lighting, access management, and coordination with local resources, with costs and policies calibrated to the micro-location rather than block-level assumptions.
Proximity to major Midtown employment nodes underpins renter demand through commute convenience. Nearby anchors include media, hospitality, airline, apparel, and beauty corporate offices that broaden the potential tenant base for workforce and service-sector renters.
- Disney ABC Television Group — media (5.5 miles)
- Loews — hospitality (5.6 miles) — HQ
- Jetblue Airways — airline (5.6 miles) — HQ
- Ralph Lauren — apparel (5.7 miles) — HQ
- Estee Lauder — beauty (5.7 miles) — HQ
1125 Boston Rd (20 units; built 2001) benefits from a renter-heavy Bronx neighborhood where occupancy trends are in the national top quartile and local NOI-per-unit benchmarks are competitive, according to CRE market data from WDSuite. High amenity density supports daily convenience, aiding leasing and renewals. The 2001 vintage is newer than the neighborhood average, positioning the property to compete against older stock with targeted modernization rather than full-scale rehabs.
Investor focus should include affordability and operations: neighborhood rent-to-income ratios signal pricing sensitivity, average school ratings are lower than national norms, and safety metrics are below national benchmarks. Within a 3-mile radius, household growth and smaller household sizes point to a broader renter pool, which can support occupancy stability if paired with disciplined lease management and pragmatic capex.
- Neighborhood occupancy and NOI-per-unit are strong versus national benchmarks, supporting income stability.
- 2001 construction offers relative competitiveness versus older local stock, with value-add via selective upgrades.
- Dense amenities and proximity to Midtown employment broaden the tenant base and aid retention.
- 3-mile trends show household growth and smaller household sizes, expanding the renter pool.
- Risks: below-national safety metrics, pricing sensitivity (rent-to-income), and lower school ratings warrant conservative underwriting.