| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 31st | Poor |
| Amenities | 80th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1360 Ogden Ave, Bronx, NY, 10452, US |
| Region / Metro | Bronx |
| Year of Construction | 1918 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1360 Ogden Ave, Bronx — Multifamily with Deep Renter Base
Neighborhood occupancy remains high and renter concentration is substantial, supporting durable leasing fundamentals according to WDSuite’s CRE market data. Directionally, this submarket’s elevated ownership costs continue to reinforce reliance on rentals rather than for-sale alternatives.
Located in the Bronx Urban Core, the area around 1360 Ogden Ave shows strong renter fundamentals: neighborhood occupancy is in the top quartile nationally, and the share of housing units that are renter-occupied is among the highest in the region. For investors, this points to a deep tenant base and support for occupancy stability across cycles.
Everyday conveniences are a local strength. Grocery, park, pharmacy, and restaurant density all sit near the high end of national comparisons, while cafes are less concentrated. These amenity patterns typically favor retention and leasing velocity for workforce-oriented buildings.
Within a 3-mile radius, households have grown in recent years and are projected to continue increasing, even as average household size trends smaller. That combination suggests a larger pool of renters entering the market and ongoing demand for multifamily units. Median contract rents in the area have risen over the past five years and are forecast to continue growing, which supports income durability but also calls for attentive lease management where affordability pressure is present.
Home values are elevated relative to incomes by national standards, indicating a high-cost ownership market. In practice, this sustains rental demand and can bolster lease retention, though it may cap purchasing transitions rather than spur them. Average NOI per unit in the neighborhood ranks well nationally, reflecting solid revenue potential for well-managed assets.
The property’s 1988 vintage is newer than much of the surrounding housing stock (which skews mid-20th century), offering relative competitiveness versus older buildings. Investors should still plan for modernization of systems and common areas where needed to align with current renter expectations.
Safety indicators for the neighborhood trend below national norms, with crime measures sitting in lower national percentiles. Within the New York–Jersey City–White Plains metro, the neighborhood’s crime rank is mid-pack (rank 431 among 889 metro neighborhoods), indicating neither a top performer nor the weakest cohort locally.
Recent momentum shows improvement: both property and violent offense rates have declined year over year, a constructive signal for investors monitoring trend direction rather than point-in-time levels. As always, underwriting should reflect localized security considerations and operational best practices appropriate for an Urban Core setting.
Proximity to Manhattan’s employment core supports renter demand through short commutes to major corporate offices, including Cognizant, Disney ABC Television Group, Loews, and Ralph Lauren. These employers contribute to a stable, commuter-driven tenant base.
- Cognizant — technology services (4.8 miles)
- Cognizant Technology Solutions — technology services (4.8 miles) — HQ
- Disney ABC Television Group — media & entertainment (5.6 miles)
- Loews — diversified holdings (5.8 miles) — HQ
- Ralph Lauren — apparel & lifestyle (5.9 miles) — HQ
1360 Ogden Ave is a 36-unit 1988-vintage asset positioned in a neighborhood with high occupancy and a very large share of renter-occupied housing units. Based on CRE market data from WDSuite, nearby amenity density (notably groceries, parks, pharmacies, and restaurants) and elevated ownership costs underpin durable rental demand, while forecast household growth within 3 miles supports a larger tenant base over time.
Relative to older local stock, the 1988 vintage offers competitive positioning, with potential to capture rent through targeted modernization. Investors should underwrite to affordability pressure and local safety considerations, balancing strong occupancy and demand depth with prudent expense and capex planning.
- High neighborhood occupancy and deep renter-occupied share support leasing stability
- Amenity-rich Urban Core location favors retention and day-to-day convenience
- 1988 vintage offers competitive edge versus older stock with value-add potential
- Household growth within 3 miles points to a larger renter pool over time
- Risks: below-national safety percentiles and affordability pressure require disciplined operations