| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 31st | Poor |
| Amenities | 80th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1314 Nelson Ave, Bronx, NY, 10452, US |
| Region / Metro | Bronx |
| Year of Construction | 2002 |
| Units | 115 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1314 Nelson Ave Bronx Multifamily with Durable Renter Demand
Neighborhood occupancy remains elevated and renter demand is deep, according to WDSuite’s CRE market data, supporting steady performance in an Urban Core Bronx location.
Positioned in the Bronx Urban Core, the property benefits from a dense renter ecosystem and day-to-day convenience. Neighborhood occupancy is strong, and the area shows a high renter-occupied share of housing units, indicating a sizable tenant base for multifamily operators. Based on CRE market data from WDSuite, grocery, park, and pharmacy access rank in the highest national percentiles, while restaurants are also plentiful—favorable for retention and leasing. School ratings trend below national norms, which is a consideration for family-oriented demand.
The average construction vintage in the surrounding neighborhood skews older (1950s), while this asset was built in 2003. That relative youth typically improves competitive positioning versus older stock and can reduce near-term functional obsolescence, though investors should still underwrite modernization of systems and common areas over a long hold.
Within a 3-mile radius, households increased in recent years even as population was roughly flat, and forward-looking projections indicate further household growth alongside smaller average household sizes. For multifamily, that pattern generally expands the renter pool and supports occupancy stability. Median home values in the neighborhood are elevated for local incomes, which tends to reinforce reliance on rental housing and can aid lease retention, though rent-to-income ratios point to affordability pressure that warrants attentive lease management.
Operationally, neighborhood net operating income per unit benchmarks in a high national percentile and overall housing metrics are above many peer areas in the metro. Taken together, the local amenity mix, renter concentration, and relative vintage positioning make this location competitive among New York-Jersey City-White Plains metro neighborhoods without relying on speculative growth.
Safety trends are mixed. Compared with neighborhoods nationwide, overall crime levels benchmark below the national median, and violent incident benchmarks sit in a lower national percentile, signaling a tougher safety profile than many U.S. areas. Within the New York-Jersey City-White Plains metro, the neighborhood is roughly around the middle of the pack among 889 neighborhoods.
Recent year-over-year data from WDSuite show declines in both property and violent offense estimates, which is directionally positive. Investors typically account for these dynamics through security measures, lighting, and partnership with local community resources, as well as by underwriting marketing and retention spend appropriate for Urban Core assets.
Proximity to major Manhattan employment nodes supports commuter demand for workforce and market-rate rentals. Nearby employers include Cognizant, Cognizant Technology Solutions, Disney ABC Television Group, Loews, and Ralph Lauren—providing broad exposure to IT services, media, and corporate headquarters within a short commute.
- Cognizant — IT services (4.9 miles)
- Cognizant Technology Solutions — IT services (4.9 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 Nelson Ave combines durable renter demand with competitive positioning versus older neighborhood stock. The asset’s 2003 construction is newer than the area’s mid‑century average, which can help leasing and operational efficiency while still warranting targeted modernization over time. According to CRE market data from WDSuite, the surrounding neighborhood shows high occupancy and a very large share of renter-occupied housing units, supported by dense amenities (grocers, parks, pharmacies) that tend to aid retention.
Investor considerations include below‑national safety benchmarks and rent-to-income pressure, balanced by commuting access to major employers and evidence of household growth within a 3‑mile radius—factors that typically expand the renter pool and support steady occupancy. Underwriting should reflect Urban Core operating practices while recognizing the area’s amenity depth and broad employment access.
- Strong neighborhood occupancy and high renter-occupied share support stable leasing
- 2003 vintage offers competitive positioning versus older local stock with manageable modernization needs
- Amenity-rich Urban Core setting (grocers, parks, pharmacies) aids tenant retention
- Commuter access to major employers underpins workforce demand
- Risks: below-national safety benchmarks and affordability pressure require prudent leasing and expense planning