| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Good |
| Demographics | 23rd | Poor |
| Amenities | 67th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1195 Clay Ave, Bronx, NY, 10456, US |
| Region / Metro | Bronx |
| Year of Construction | 1928 |
| Units | 23 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1195 Clay Ave Bronx Multifamily with Durable Renter Demand
Neighborhood occupancy is high and renter demand is entrenched, according to WDSuite’s CRE market data, supporting stable tenancy for smaller units in the Bronx NY urban core.
This Urban Core neighborhood in the Bronx shows resilient renter demand and day-to-day convenience that supports leasing. Neighborhood occupancy is strong (measured for the neighborhood, not the property) and sits in the top quartile nationally, per WDSuite. The renter-occupied share of housing units is very high for the neighborhood, indicating a deep tenant base for multifamily operators.
Amenity access is a clear advantage: neighborhood amenity density, grocery stores, restaurants, and childcare resources all register well above national norms with groceries and childcare in the top quartile nationally which typically helps retention and reduces friction for daily living. Average school ratings for the neighborhood trend below national medians, which owners may factor into marketing and positioning.
The building constructed in 1985 is newer than the neighborhood s older housing stock (average construction year around the early 1950s). That relative vintage can be competitively helpful versus older walk-up product, while still warranting targeted capital planning for systems modernization or value-add finishes as needed.
Within a 3-mile radius, demographics point to a large, diverse renter pool and continued apartment reliance. Recent years show modest population movement with a notable increase in households and a smaller average household size, which generally expands the renter base and supports occupancy stability. Elevated ownership costs in the area reinforce renter reliance on multifamily housing, which can aid lease retention and pricing discipline for well-managed assets.
Safety conditions in the neighborhood track below national averages, based on WDSuite s neighborhood benchmarks. Compared with neighborhoods nationwide, overall safety is weaker, so investors often plan for security-conscious operations (lighting, access control, and partnership with property management best practices).
Trend-wise, WDSuite data indicates year-over-year declines in both violent and property offense rates, a constructive signal investors can monitor alongside broader metro trends. As always, safety can vary within short distances in dense urban settings; underwriting typically incorporates recent trend data, on-site measures, and comps across New York-Jersey City-White Plains, NY-NJ.
Nearby employment anchors within typical commuter range include Disney ABC, Loews, Ralph Lauren, Est e9e Lauder, and Icahn Enterprises. Their proximity supports workforce housing dynamics and can help sustain renter demand and retention.
- Disney ABC Television Group media (5.47 miles)
- Loews hospitality & holdings (5.64 miles) HQ
- Ralph Lauren apparel & lifestyle (5.70 miles) HQ
- Est e9e Lauder beauty & personal care (5.73 miles) HQ
- Icahn Enterprises diversified investments (5.74 miles) HQ
1195 Clay Ave is a 1985-vintage, small-scale Bronx asset positioned in a neighborhood with high occupancy and a very large share of renter-occupied housing units. That combination points to depth in the tenant base and supports steady leasing. The property s relatively newer vintage versus the area s older stock can be competitively advantageous, while still leaving room for targeted value-add or systems upgrades as part of long-term asset planning. Within a 3-mile radius, WDSuite indicates a sizeable renter pool with an increase in households and smaller household sizes over time, which typically supports occupancy stability and lease-up predictability. Elevated home values relative to incomes in the neighborhood reinforce reliance on rentals, bolstering retention for well-located, efficiently managed buildings a view supported by commercial real estate analysis and CRE market data from WDSuite.
Key considerations include affordability pressure (rent-to-income dynamics) and below-average neighborhood safety, which argue for disciplined rent-setting, resident services, and security-focused operations. With prudent capex and management, the asset can compete effectively against older product while serving entrenched renter demand.
- High neighborhood occupancy and deep renter-occupied housing base support stable tenancy
- 1985 vintage offers competitive positioning versus older local stock with targeted value-add potential
- Amenity-rich urban core location aids retention and day-to-day convenience for renters
- Investor watch items: affordability pressure and below-average safety metrics call for disciplined operations