| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 31st | Poor |
| Amenities | 80th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1265 Nelson Ave, Bronx, NY, 10452, US |
| Region / Metro | Bronx |
| Year of Construction | 2001 |
| Units | 82 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1265 Nelson Ave Bronx Multifamily Investment Opportunity
High neighborhood occupancy and a deep renter base in the Urban Core Bronx support durable demand, according to WDSuite’s CRE market data, positioning this asset for steady leasing performance.
Located in the Bronx Urban Core, the area surrounding 1265 Nelson Ave shows competitive amenity access among 889 New York–Jersey City–White Plains metro neighborhoods, with strong proximity to daily needs. Grocery, parks, and pharmacies rank in the top national percentiles, which helps tenant retention, while cafe density is comparatively thin. Average school ratings trend below national norms, which may limit family-oriented appeal but does not preclude stable workforce housing demand.
The neighborhood’s occupancy is strong and has improved over the past five years, with levels in the top quartile nationally per WDSuite. Renter-occupied housing accounts for a very high share of units at the neighborhood level, indicating a sizable tenant base that generally underpins absorption and renewals for multifamily assets.
Vintage context matters: the property’s 2003 construction is newer than the neighborhood’s older housing stock (average vintage mid‑1950s). That positioning can offer relative competitiveness versus legacy buildings; investors should still plan for routine modernization of aging systems and select unit updates to support rentability.
Within a 3‑mile radius, demographic data indicate a stable population with an increase in households and smaller household sizes over time, expanding the renter pool and supporting occupancy stability. Elevated ownership costs relative to local incomes create a high‑cost ownership market, which typically sustains renter reliance on multifamily housing and can support pricing power when managed with lease affordability in mind.
Safety indicators in the immediate neighborhood trail national benchmarks, while positioning near the middle of the pack within the New York–Jersey City–White Plains metro (ranked roughly around the metro median among 889 neighborhoods). According to WDSuite, both violent and property offense rates have eased year over year, suggesting incremental improvement, but they remain elevated versus national percentiles. Investors should calibrate underwriting to reflect security, lighting, and operational protocols appropriate for an urban setting.
Proximity to Manhattan’s employment core supports workforce renter demand and commute convenience, with visibility to technology services and media headquarters including Cognizant, Disney ABC Television Group, Loews, and Ralph Lauren.
- Cognizant — technology services (4.88 miles)
- Cognizant Technology Solutions — technology services (4.92 miles) — HQ
- Disney ABC Television Group — media & entertainment (5.42 miles)
- Loews — diversified conglomerate (5.70 miles) — HQ
- Ralph Lauren — apparel & lifestyle (5.76 miles) — HQ
This 82‑unit, 2003‑vintage asset benefits from a neighborhood with high occupancy, a very large renter-occupied housing share, and strong access to daily‑needs amenities. NOI per unit trends are competitive in the metro and in the top quartile nationally, indicating healthy income fundamentals for similar neighborhoods. According to CRE market data from WDSuite, occupancy remains above metro medians, which, combined with a broad renter base, supports leasing stability.
Within a 3‑mile radius, projections point to more households and smaller household sizes, which typically expands the renter pool and supports absorption. The high‑cost ownership landscape reinforces reliance on rental housing; thoughtful lease management is warranted given local rent‑to‑income pressures. While safety indicators lag national percentiles, recent year‑over‑year declines in offense rates and property competitiveness versus older stock provide levers for durable performance with prudent operations and targeted upgrades.
- High neighborhood occupancy and deep renter base support lease stability
- 2003 construction offers competitive positioning versus older local stock
- Strong daily‑needs amenity access (grocery, parks, pharmacies) aids retention
- NOI per unit trends competitive in metro and top quartile nationally
- Risks: below‑average safety metrics and affordability pressure require disciplined operations