| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Good |
| Demographics | 23rd | Poor |
| Amenities | 67th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1365 Findlay Ave, Bronx, NY, 10456, US |
| Region / Metro | Bronx |
| Year of Construction | 1924 |
| Units | 37 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1365 Findlay Ave, Bronx NY Multifamily Investment
Occupancy in the surrounding neighborhood is strong and renter demand is deep, according to WDSuite’s CRE market data, supporting stable leasing for a 37-unit asset. With ownership costs elevated locally, the property benefits from a tenant base that skews renter-occupied.
Located in an Urban Core pocket of the Bronx, the property sits within a renter-driven submarket where the share of housing units that are renter-occupied is high. That depth of renter demand supports day-to-day leasing and renewal visibility for multifamily investors.
Neighborhood occupancy is in the top quartile nationally and ranks 139 out of 889 metro neighborhoods, indicating above-metro-median stability and limited downtime between turns. Median contract rents in the area have risen over the past five years, reinforcing pricing power when paired with healthy occupancy.
Daily-needs access is a relative strength: grocery and pharmacy density ranks at the very top nationally, and restaurants and cafes are plentiful by national comparison. Park access is limited, which may modestly temper appeal for residents prioritizing open space; investors can offset with on-site or nearby lifestyle conveniences where feasible. Average school ratings in the neighborhood trail metro and national norms, which can influence demand among households prioritizing school performance, though proximity to amenities and transit typically anchors urban renter interest.
Demographic statistics are aggregated within a 3-mile radius. Households have increased over the last five years and are projected to expand further, while average household size trends lower; together these dynamics point to a larger tenant base distributed across more, smaller households. Population is roughly stable with a slight near-term dip and a modest expansion projected, which supports occupancy stability rather than rapid lease-up assumptions.
Compared with the neighborhood’s older housing stock (average vintage 1951), the property’s 1990 construction is newer. That positioning can be competitively favorable versus prewar inventory, while still leaving scope for targeted system updates or interior refreshes to capture value-add upside.
Ownership remains a high-cost option locally relative to incomes, which tends to sustain reliance on rental housing and can aid lease retention. For underwriting, also consider rent-to-income levels that signal some affordability pressure, suggesting careful lease management and amenity-driven retention strategies.
Safety metrics indicate mixed signals. The neighborhood’s overall crime standing sits around the metro middle, ranking 377 out of 889 metro neighborhoods, but compares weaker against national benchmarks. Nationally, violent offense measures are in a low percentile, and property offense also tracks below most neighborhoods nationwide.
Recent trends show improvement: both violent and property offense rates have declined year over year, which investors can view as a constructive directional signal. As always, evaluate block-by-block conditions, current building security features, and resident experience to align underwriting with on-the-ground realities.
Proximity to major Midtown employers supports a broad commuter renter pool and retention via convenient transit access. Notable nearby corporate offices include Cognizant, Disney ABC Television Group, Loews, Ralph Lauren, and Est e9e Lauder.
- Cognizant — corporate offices (5.64 miles)
- Cognizant Technology Solutions — corporate offices (5.67 miles) — HQ
- Disney ABC Television Group — media corporate offices (5.74 miles)
- Loews — diversified holdings corporate offices (5.92 miles) — HQ
- Ralph Lauren — apparel corporate offices (5.98 miles) — HQ
- Estee Lauder — beauty corporate offices (6.01 miles) — HQ
- Icahn Enterprises — investment corporate offices (6.03 miles) — HQ
- Time Warner — media corporate offices (6.10 miles) — HQ
- HRG Group — investment corporate offices (6.13 miles) — HQ
- IBM Plaza Atrium — corporate offices (6.14 miles)
This 37-unit property at 1365 Findlay Ave offers exposure to an Urban Core Bronx neighborhood with top-quartile national occupancy and a very high share of renter-occupied housing units, supporting durable tenant demand. Based on CRE market data from WDSuite, neighborhood rents have advanced over the past five years while ownership costs remain elevated relative to incomes, reinforcing reliance on multifamily housing and aiding renewal capture.
Built in 1990, the asset is newer than much of the local housing stock, creating a competitive set advantage versus older buildings while leaving room for targeted capital projects to enhance unit finishes and operating efficiency. Investor focus should balance these strengths with prudent underwriting around resident affordability pressure, limited park access, school ratings that lag metro averages, and safety metrics that, while improving, remain weaker than national norms.
- Renter-driven location with above-metro-median occupancy supporting stable cash flow
- 1990 vintage offers competitive positioning versus older stock with value-add potential
- Strong daily-needs access (groceries, pharmacies, dining) supports retention and leasing
- Elevated ownership costs sustain rental demand and renewal leverage
- Key risks: resident affordability pressure, limited parks, lower school ratings, and safety that trails national benchmarks despite recent improvement