| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Good |
| Demographics | 23rd | Poor |
| Amenities | 67th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1361 College Ave, Bronx, NY, 10456, US |
| Region / Metro | Bronx |
| Year of Construction | 1924 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1361 College Ave Bronx Multifamily Investment
Stabilized renter demand and high neighborhood occupancy suggest durable income potential, according to WDSuite’s CRE market data. The property’s compact unit mix can capture workforce demand where renting remains the prevailing tenure.
The property is situated in an Urban Core pocket of the Bronx where daily needs are close at hand and renter demand is entrenched. Amenity density rates in the top quartile nationally, with grocery, pharmacy, and dining options especially concentrated; this supports everyday convenience and can aid leasing velocity and renewal stickiness.
Neighborhood occupancy is strong and ranks within the top quartile among 889 metro neighborhoods, indicating limited vacancy churn and supporting cash flow consistency for multifamily assets. Renter-occupied housing represents the overwhelming share of units locally, pointing to a deep tenant base and stable demand for smaller formats.
Home values are elevated relative to local incomes, which tends to reinforce reliance on rental housing rather than ownership. Median asking rents sit in the mid-range for the metro, a positioning that can help balance pricing power with retention when combined with effective lease management.
Within a 3-mile radius, WDSuite’s data shows households have grown recently and are projected to continue increasing, even as average household size trends smaller. This pattern typically expands the renter pool and supports occupancy stability for efficiently sized units. School ratings in the surrounding area are below metro norms, and immediate park access is limited, factors that skew appeal toward adult and workforce renters rather than family-heavy demand.
Safety metrics indicate higher reported crime than national benchmarks, with national percentiles for both violent and property incidents on the lower end. Within the New York–Jersey City–White Plains metro, this neighborhood sits on the higher-risk side of the distribution among 889 neighborhoods.
Recent trend data from WDSuite points to year-over-year declines in both violent and property offenses, which is a constructive signal to monitor. Investors typically account for these dynamics through underwriting, security programming, and tenant communication rather than assuming rapid normalization.
Proximity to Midtown corporate nodes provides access to a broad commuter employment base that supports renter demand and retention, including roles tied to Cognizant, Cognizant Technology Solutions, Disney ABC Television Group, Loews, and Ralph Lauren.
- Cognizant — IT services (5.6 miles)
- Cognizant Technology Solutions — IT services (5.6 miles) — HQ
- Disney ABC Television Group — media offices (5.7 miles)
- Loews — diversified holdings (5.9 miles) — HQ
- Ralph Lauren — apparel & lifestyle (5.9 miles) — HQ
Built in 1992, the asset is materially newer than much of the surrounding housing stock, offering a competitive edge versus pre-war buildings while still warranting targeted updates to aging systems for long-term durability. Strong neighborhood occupancy and a very high share of renter-occupied units point to demand depth for compact layouts, with elevated ownership costs further sustaining reliance on rental housing. According to CRE market data from WDSuite, amenity density is a relative strength, which can aid leasing and renewals.
Within a 3-mile radius, households are increasing and average household size is trending lower, which typically expands the renter pool and supports occupancy stability for smaller units. Key risks include comparatively higher reported crime, below-average school ratings, and affordability pressure (higher rent-to-income ratios) that call for disciplined lease and renewal management.
- 1992 vintage offers competitive positioning versus older local stock, with targeted system upgrades a planning consideration.
- High neighborhood occupancy and entrenched renter-occupied share support demand for compact units and leasing stability.
- Strong amenity density near the property can enhance absorption and renewal rates.
- Household growth and smaller household sizes within 3 miles expand the renter pool and support long-term demand.
- Risks: higher reported crime, lower school ratings, and rent-to-income pressure require prudent underwriting and tenant retention strategies.