| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Good |
| Demographics | 23rd | Poor |
| Amenities | 67th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1316 Morris Ave, Bronx, NY, 10456, US |
| Region / Metro | Bronx |
| Year of Construction | 1916 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1316 Morris Ave Bronx Multifamily Investment
Neighborhood occupancy remains elevated and renter demand is deep in this Urban Core pocket of the Bronx, according to WDSuite’s CRE market data. For investors, stability in the surrounding rental market supports consistent leasing conditions around the asset.
Location and renter depth: The property sits in a dense Urban Core area of the Bronx with a very high share of renter-occupied housing units, indicating a broad tenant base and durable demand for multifamily product. Neighborhood occupancy trends rank 139 out of 889 metro neighborhoods, placing the area in the top quartile nationally for occupancy and suggesting supportive fundamentals for maintaining leased-up assets.
Amenities and daily needs: Amenity access is competitive among New York–Jersey City–White Plains neighborhoods (rank 220 of 889) and scores in the 80s nationwide, with strong densities of restaurants, groceries, pharmacies, and childcare. This concentration of everyday services typically shortens errands and can help tenant retention, even though park access within the neighborhood footprint is limited.
Schools and household profile: Average school ratings are below national norms, which may matter for family-oriented renters; however, this submarket often serves workforce and convenience-driven households that prioritize transit and proximity to employment centers. The neighborhood’s renter concentration supports consistent multifamily absorption and depth of demand.
Demographics within 3 miles: WDSuite’s data shows households have grown over the last five years and are projected to increase further, with smaller average household sizes expected. This pattern typically expands the renter pool and supports occupancy stability for well-managed assets. Median contract rents in the area have risen while rent-to-income ratios sit on the higher side, which points to the need for disciplined lease management and value-oriented unit positioning.
Vintage and competitive positioning: Built in 1992, the asset is newer than much of the local housing stock (which skews mid-20th century). That relative vintage can enhance leasing competitiveness versus older buildings, while still warranting targeted system updates or common-area refreshes to optimize rentability and control long-term capital needs.
Safety indicators in the surrounding neighborhood reflect higher-than-average crime levels compared with national benchmarks, and conditions are not among the strongest within the New York–Jersey City–White Plains metro. Within the metro, the neighborhood’s crime position is mid-to-lower tier (rank 377 of 889), and national percentiles indicate below-average safety.
That said, year-over-year trends show improvement, with declines in both violent and property offense rates reported by WDSuite’s datasets. Investors should underwrite with prudent security and operating assumptions, recognizing that performance can vary block-to-block and over time.
Nearby Midtown employment centers provide strong commuter access for renters, with large corporate offices in media, consumer brands, and diversified holdings that help sustain leasing demand. Notable employers include Disney ABC Television Group, Loews, Ralph Lauren, Estee Lauder, and Time Warner.
- Disney ABC Television Group — media (5.6 miles)
- Loews — diversified holdings (5.8 miles) — HQ
- Ralph Lauren — apparel & retail (5.9 miles) — HQ
- Estee Lauder — beauty & consumer goods (5.9 miles) — HQ
- Time Warner — media & entertainment (6.0 miles) — HQ
1316 Morris Ave is a 20-unit asset built in 1992, offering relative vintage advantage versus the area’s older housing stock while remaining an approachable, small-scale property for focused management. The neighborhood features high renter concentration and top-quartile occupancy nationally, supporting leasing stability. Elevated home values across the broader area tend to reinforce reliance on rentals, while strong everyday amenities nearby aid retention. According to commercial real estate analysis from WDSuite, rent levels have risen alongside higher rent-to-income ratios, making value-oriented finishes and disciplined renewal strategies important.
Key considerations include underwriting for a neighborhood with below-average safety indicators and ensuring capital planning for targeted upgrades typical for a 1990s vintage (systems, common areas, and efficiency improvements). Demographic trends within a 3-mile radius point to continued household growth and smaller household sizes, which generally supports a larger renter pool over time.
- High neighborhood renter concentration and above-metro occupancy support leasing stability.
- 1992 vintage offers competitive positioning versus older stock, with targeted upgrades to enhance rentability.
- Dense amenity base (groceries, restaurants, pharmacies, childcare) supports retention and convenience.
- Risks: elevated rent-to-income ratios and below-average safety call for prudent underwriting and tenant management.
- Small 20-unit scale enables focused operations but increases exposure to turnover variability.