| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Good |
| Demographics | 23rd | Poor |
| Amenities | 67th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1420 Clay Ave, Bronx, NY, 10456, US |
| Region / Metro | Bronx |
| Year of Construction | 1931 |
| Units | 51 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1420 Clay Ave Bronx 51-Unit Multifamily Opportunity
Neighborhood-level occupancy is strong and renter demand is deep, according to WDSuite’s CRE market data, pointing to steady cash flow potential for a well-run asset. Positioned in the Bronx Urban Core, the property benefits from dense amenities and a large renter base that supports leasing durability.
Located at 1420 Clay Ave in the Bronx Urban Core, the asset sits in a renter-heavy area with neighborhood occupancy trending high and stable relative to both metro and national benchmarks. The neighborhood’s occupancy rate ranks in the upper tier locally and is in the top quartile nationally, signaling resilient leasing conditions for multifamily investors.
Amenity access is a clear advantage: grocery and pharmacy density are among the strongest nationally, and restaurant options are abundant. Within the New York–Jersey City–White Plains metro, overall amenity access is competitive among 889 neighborhoods, supporting resident convenience and aiding retention. Park access is limited in the immediate neighborhood, which investors should weigh against the strong everyday retail and services footprint.
The property’s 1999 vintage is newer than the neighborhood’s typical housing stock, which skews mid-20th century. This relative youth can reduce near-term capital expenditure risk versus older comparables, while still leaving room for targeted renovations or systems modernization to enhance rent positioning.
Within a 3-mile radius, demographic data show households have grown even as average household size has trended lower, expanding the pool of renters and supporting occupancy stability. Forward-looking projections indicate additional increases in households alongside a modest decline in household size, which typically supports demand for smaller units — an investor consideration given the asset’s average unit size. Elevated home values relative to incomes in the area indicate a high-cost ownership market, which tends to reinforce reliance on rental housing; at the same time, rent-to-income levels point to affordability pressure that warrants prudent lease management and renewal strategies. Based on CRE market data from WDSuite, the renter-occupied share in the neighborhood is among the highest nationally, underscoring depth in the tenant base.
Schools in the area rate below national averages, which can matter for certain renter segments; however, for workforce and transit-oriented renters prioritizing commute convenience and services, the dense amenity base and strong renter concentration remain supportive of demand.
Safety conditions in the neighborhood are mixed relative to broader benchmarks. Compared with neighborhoods nationwide, overall crime indicators sit below the national median, and within the New York–Jersey City–White Plains metro the neighborhood ranks below the metro median (377 out of 889), indicating higher reported incidents than many peer areas. That said, recent year-over-year trends show improvement, with both violent and property offense rates declining, which investors can monitor as part of ongoing underwriting and asset management.
Interpreting percentiles: higher national percentiles indicate safer conditions; this neighborhood’s national placement is on the lower end today, but the downward trend in estimated offense rates over the last year provides a constructive signal to track over time rather than a block-level conclusion.
Proximity to major Manhattan employers supports commuter demand and leasing durability for workforce renters. Key accessible employers include Cognizant, Cognizant Technology Solutions, Disney ABC Television Group, Loews, and Ralph Lauren.
- Cognizant — technology services (5.74 miles)
- Cognizant Technology Solutions — technology services (5.77 miles) — HQ
- Disney ABC Television Group — media (5.84 miles)
- Loews — diversified holding company (6.01 miles) — HQ
- Ralph Lauren — apparel & lifestyle (6.07 miles) — HQ
1420 Clay Ave offers investors exposure to a renter-dense Bronx submarket where neighborhood occupancy is elevated and amenity access is robust, helping support leasing stability. The 1999 vintage is newer than much of the surrounding housing stock, suggesting lower immediate CapEx relative to older comparables, with potential value-add through targeted renovations and unit upgrades.
Within a 3-mile radius, households have increased and are projected to grow further as average household size declines, which typically broadens the renter pool and supports unit absorption. Elevated ownership costs versus incomes in the area tend to sustain reliance on rental housing, while rent-to-income levels imply the need for careful pricing and renewal strategies. According to CRE market data from WDSuite, the neighborhood’s renter-occupied share is among the highest nationally, reinforcing depth of demand even as investors remain mindful of safety and affordability considerations.
- High neighborhood occupancy and deep renter base support leasing stability
- 1999 vintage newer than local stock; scope for targeted value-add to enhance NOI
- Dense retail and services nearby aid retention and day-to-day convenience
- Demographic trends within 3 miles point to a larger renter pool over the next five years
- Risks: below-median safety metrics and rent-to-income pressure require disciplined leasing and expense control