| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Good |
| Demographics | 23rd | Poor |
| Amenities | 67th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1296 Sheridan Ave, Bronx, NY, 10456, US |
| Region / Metro | Bronx |
| Year of Construction | 1925 |
| Units | 64 |
| Transaction Date | 2018-06-28 |
| Transaction Price | $930,717 |
| Buyer | 1296 SHERIDAN AVENUE HOUSING DEVELOPMENT |
| Seller | 1296 SHERIDAN ASSOCIATES L P |
1296 Sheridan Ave, Bronx Multifamily Investment Snapshot
Neighborhood occupancy remains elevated and renter demand is deep, according to WDSuite’s CRE market data, supported by dense amenities and a high share of renter-occupied units. With a 1991 vintage in a borough where older buildings dominate, the asset can compete against aging stock while leaving room for targeted upgrades.
The property sits in the Bronx’s Urban Core, where neighborhood occupancy is in the upper tier nationally and above the metro median among 889 neighborhoods, per WDSuite. A very high share of housing units are renter-occupied, indicating a substantial tenant base and helping support lease-up and retention for multifamily assets.
Amenity access is a local strength: grocery and pharmacy density place the area near the top of neighborhoods nationwide, and restaurants are similarly abundant. This concentration of daily-needs retail typically supports renter convenience and reduces turnover risk. Park access is limited, so outdoor space within the property or nearby alternatives may matter in marketing and renewal strategies.
The building’s 1991 construction is newer than the neighborhood’s average vintage from the early 1950s. That positioning can offer competitive appeal versus older walk-up stock, while investors should still plan for system modernization and selective value-add to keep pace with tenant expectations.
Within a 3-mile radius, household counts have grown and are projected to expand further through 2028, pointing to a larger tenant base even as average household size trends smaller. This dynamic can favor smaller-format apartments, which align with efficient layouts and supports occupancy stability in dense urban submarkets. Median home values are elevated relative to incomes in the neighborhood context, which tends to sustain reliance on rental housing and can aid pricing power when managed alongside renewal risk.
School ratings in the neighborhood track below national medians, which may limit appeal for some family-oriented segments but is less likely to weigh on demand for workforce and commuter households. Overall, the neighborhood rates C+ and is competitive among New York–Jersey City–White Plains neighborhoods, with strong amenity density and renter concentration underpinning multifamily demand.
Safety indicators for the neighborhood are mixed relative to the region and nation. Compared with neighborhoods nationwide, recent readings place the area below the national median for safety; within the New York–Jersey City–White Plains metro, it sits around the middle of the pack among 889 neighborhoods. Importantly, WDSuite’s data shows year-over-year declines in both property and violent offense estimates, suggesting a favorable direction of change even if levels remain elevated in a national comparison.
Investors should underwrite with conservative assumptions, consider security design and operating measures where appropriate, and monitor continuing trend improvements as part of asset and tenant-retention strategy. Framing safety at the neighborhood scale avoids overstating block-level conditions and keeps analysis aligned with leasing realities.
Proximity to major Manhattan employers supports workforce renter demand and commute convenience, notably in IT services, media, hospitality, and apparel—specifically Cognizant, Cognizant Technology Solutions, Disney ABC Television Group, Loews, and Ralph Lauren.
- Cognizant — IT services (5.5 miles)
- Cognizant Technology Solutions — IT services (5.5 miles) — HQ
- Disney ABC Television Group — media (5.5 miles)
- Loews — hospitality (5.7 miles) — HQ
- Ralph Lauren — apparel (5.8 miles) — HQ
1296 Sheridan Ave offers durable renter demand fundamentals: neighborhood occupancy trends are strong, daily-needs amenities are dense, and the renter-occupied share of housing units is very high—factors that support leasing velocity and retention. Based on CRE market data from WDSuite, the property’s 1991 vintage compares favorably to much older neighborhood stock, which can reduce near-term competitive pressure while allowing targeted value-add to modernize finishes and systems.
Within a 3-mile radius, households have increased and are projected to expand further through 2028, pointing to a larger tenant base as average household size declines. Elevated ownership costs in the neighborhood context reinforce reliance on rental housing, though rent-to-income ratios indicate affordability pressure—an area for proactive lease management and renewal planning. Safety indicators have improved year over year but remain a consideration in underwriting alongside below-median school ratings and limited park access.
- High neighborhood occupancy and deep renter base support stable demand
- 1991 vintage outcompetes older local stock with value-add upside
- Dense grocery, pharmacy, and restaurant access enhances renter convenience
- Household growth and smaller household sizes expand the pool for smaller units
- Risks: affordability pressure, below-median school ratings, and safety perceptions require active management