| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 31st | Poor |
| Amenities | 80th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1314 Merriam Ave, Bronx, NY, 10452, US |
| Region / Metro | Bronx |
| Year of Construction | 2001 |
| Units | 98 |
| Transaction Date | 2017-09-01 |
| Transaction Price | $4,060,460 |
| Buyer | ATLANTIC DEVELOPMENT GROUP LLC |
| Seller | MMA MERRIAM AVENUE LLC |
1314 Merriam Ave Bronx Multifamily Investment Outlook
Neighborhood occupancy is high and renter concentration is deep, supporting durable leasing, according to WDSuite’s CRE market data.
The property’s 2003 vintage is newer than the neighborhood’s mid‑century average (1956), offering relative competitiveness versus older Bronx stock while still leaving room for targeted systems updates or repositioning. Strong neighborhood occupancy sits in the top decile nationally and is competitive among the New York–Jersey City–White Plains metro’s 889 neighborhoods, reinforcing near-term leasing stability for a 98‑unit asset.
Daily-needs access is a local strength: grocery, pharmacy, and parks density all score in the highest national percentiles, while restaurants are also well represented. Cafés are comparatively sparse, but overall amenity availability ranks competitive among the metro’s 889 neighborhoods, supporting resident convenience and lease retention.
Within a 3‑mile radius, demographics indicate a large, diverse renter pool today and a shift toward more, smaller households through 2028. Household counts increased in recent years and are projected to rise further as average household size trends lower, which typically expands the tenant base and supports occupancy stability for smaller floor plans. Renter-occupied share is high in the immediate area, signaling depth of demand for multifamily units.
Elevated home values for the borough context and an ownership market that is expensive relative to local incomes tend to sustain reliance on rental housing, bolstering retention and pricing power when managed carefully. School ratings are below national averages, which may limit appeal to some family renters, but the area’s Urban Core profile and amenity access remain attractive for workforce households.
Safety metrics are mixed. The neighborhood ranks near the middle of the pack among the metro’s 889 neighborhoods, but national percentiles indicate higher crime levels than many U.S. neighborhoods. Recent trend data show year‑over‑year declines in both property and violent offenses, suggesting gradual improvement, though investors should calibrate underwriting and security practices to local conditions.
Proximity to major corporate offices in Manhattan supports commuter demand and lease stability for workforce renters, including technology, media, and headquarters roles listed below.
- Cognizant — technology services (4.8 miles)
- Cognizant Technology Solutions — technology services (4.8 miles) — HQ
- Disney ABC Television Group — media (5.5 miles)
- Loews — diversified holding company (5.8 miles) — HQ
- Ralph Lauren — apparel & lifestyle (5.8 miles) — HQ
1314 Merriam Ave is positioned in a high-occupancy Urban Core pocket of the Bronx where renter-occupied housing is the norm and daily-needs amenities are abundant. The 2003 construction is newer than the neighborhood average, providing a competitive edge versus older buildings while leaving scope for selective value-add and systems modernization to drive rent premiums and retention.
According to CRE market data from WDSuite, neighborhood occupancy outperforms most U.S. areas and is competitive within the 889-neighborhood metro, aligning with a large 3‑mile renter base and projections for more, smaller households that can expand the tenant pool. Elevated ownership costs in the borough context support sustained rental demand, though below-average school ratings and safety metrics warrant prudent underwriting, resident-experience investment, and active lease management.
- High neighborhood occupancy and deep renter concentration support leasing stability
- 2003 vintage offers competitive positioning versus older local stock with value‑add upside
- Strong daily-needs access (grocers, pharmacies, parks) aids retention and rentability
- Expanding 3‑mile household counts and smaller household sizes point to a larger tenant base
- Risks: below-average school ratings and elevated crime require calibrated operations and security