| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Good |
| Demographics | 23rd | Poor |
| Amenities | 67th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1304 Grand Concourse, Bronx, NY, 10456, US |
| Region / Metro | Bronx |
| Year of Construction | 1923 |
| Units | 41 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1304 Grand Concourse Bronx Multifamily Investment
Urban-core renter demand and neighborhood occupancy stability underpin this asset, according to WDSuite s CRE market data. The 1990 vintage is newer than much of the local housing stock, offering competitive positioning with potential for targeted modernization.
Located in the Urban Core of the Bronx, the property sits in a renter-driven neighborhood with a high share of renter-occupied housing units (neighborhood metric), supporting a deep tenant base and steady leasing velocity. Neighborhood occupancy trends are strong and rank in the top quartile among 889 metro neighborhoods, a positive backdrop for renewal rates and income stability.
Amenity access is a differentiator: neighborhood counts for restaurants and pharmacies sit in very high national percentiles, and grocery availability is similarly strong, supporting daily-life convenience that helps retention. However, park access is limited relative to peers, which may modestly temper appeal for outdoor-oriented residents.
The asset s 1990 construction is materially newer than the area s average vintage (1951), suggesting relative competitiveness versus older walk-up stock while leaving room for value-add upgrades as systems age. Average unit size skews compact, which can align with workforce renters seeking efficient layouts near transit and employment nodes.
Within a 3-mile radius, households have expanded over the last five years and are projected to increase further by 2028, even as average household size trends smaller. This shift indicates a broader renter pool and supports occupancy stability. Median contract rents in the 3-mile area have risen historically and are projected to continue advancing, while neighborhood rent-to-income levels signal some affordability pressure a factor for lease management and pricing decisions. Elevated home values in the neighborhood context point to a high-cost ownership market, which typically sustains multifamily demand and supports retention. School ratings trail metro norms, which may influence demand mix toward singles and smaller households rather than school-driven movers.
Safety conditions should be evaluated thoughtfully. The neighborhood s crime environment trends below national medians (national percentile indicators are on the lower side), and ranks are not among the top-performing areas within the New York Jersey City White Plains metro (measured against 889 neighborhoods). That said, WDSuite s data indicates year-over-year declines in both violent and property offense estimates, suggesting improving momentum even if overall safety remains a consideration for underwriting and tenant retention strategies.
- Cognizant — consulting & technology services (5.41 miles)
- Cognizant Technology Solutions — consulting & technology services (5.45 miles) — HQ
- Disney ABC Television Group — media & entertainment offices (5.55 miles)
- Loews — diversified holdings offices (5.76 miles) — HQ
- Ralph Lauren — apparel & lifestyle corporate offices (5.83 miles) — HQ
- Estee Lauder — beauty & personal care corporate offices (5.85 miles) — HQ
- Icahn Enterprises — investment holdings offices (5.86 miles) — HQ
- Time Warner — media & telecommunications offices (5.92 miles) — HQ
- IBM Plaza Atrium — technology offices (5.98 miles)
- HRG Group — investment management offices (5.98 miles) — HQ
1304 Grand Concourse offers scale at 41 units with compact layouts that tend to align with workforce renters in an Urban Core location. Neighborhood occupancy sits in the top quartile among 889 metro neighborhoods, and the area s high concentration of renter-occupied units supports a deep tenant base. Based on CRE market data from WDSuite, the 1990 vintage is newer than the surrounding housing stock, suggesting competitive positioning today with scope for targeted value-add, systems upgrades, and common-area improvements over a hold.
Within a 3-mile radius, households have been increasing and are projected to rise further through 2028, even as average household size trends lower expanding the renter pool and supporting occupancy stability. Rising neighborhood rents and elevated home values reinforce reliance on multifamily housing, while rent-to-income levels point to affordability pressure that warrants disciplined leasing and renewal strategies. Safety and school-quality indicators lag metro leaders and should be incorporated into underwriting and asset management plans.
- Top-quartile neighborhood occupancy among 889 metro neighborhoods supports income durability
- 1990 vintage newer than local average offers competitive positioning with value-add/modernization potential
- 3-mile household growth and smaller household sizes expand the renter pool and support leasing
- Elevated ownership costs sustain renter reliance, supporting retention and pricing power
- Risks: affordability pressure (rent-to-income), lagging school ratings, and below-median safety call for careful lease and asset management