| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Good |
| Demographics | 23rd | Poor |
| Amenities | 67th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1425 Wythe Pl, Bronx, NY, 10452, US |
| Region / Metro | Bronx |
| Year of Construction | 1924 |
| Units | 75 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1425 Wythe Pl, Bronx — Multifamily Positioning in an Amenity-Rich Bronx Submarket
Occupancy in the surrounding neighborhood is resilient and renter demand is deep, according to WDSuite’s CRE market data, supporting stable leasing dynamics for this 75-unit asset. Newer-than-neighborhood-vintage construction offers competitive positioning versus older local stock.
Livability fundamentals skew urban and convenience-oriented. Grocery, pharmacy, and restaurant access rank among the strongest nationally (near the 99th–100th percentiles), which supports day-to-day renter convenience and reduces friction in lease-up and retention. Neighborhood occupancy is strong and sits in the top quartile nationally, signaling steady absorption and comparatively tight availability versus broader U.S. trends.
Relative to the New York–Jersey City–White Plains metro (889 neighborhoods), the area is competitive on occupancy (ranked 139 of 889), indicating above-metro-median stability. The housing stock in the neighborhood is older on average (early-1950s), while the subject’s 1987 vintage provides a more contemporary baseline than much of the surrounding inventory—useful for positioning against legacy assets while planning for targeted system updates or value-add finishes.
Tenure skews heavily renter-occupied (over nine in ten units at the neighborhood level), pointing to a broad tenant base and durable multifamily demand. Within a 3-mile radius, demographics show a modest dip in population in the prior period but an increase in households and a trend toward smaller household sizes; projections call for population and household growth through the next five years, which generally expands the renter pool and supports occupancy stability.
Home values register above national norms and the value-to-income ratio is elevated, indicating a high-cost ownership environment that reinforces reliance on rental housing. At the same time, rent-to-income levels signal some affordability pressure, making resident retention and lease management important to maintain pricing power without elevating turnover risk. Average school ratings in the area trail national averages, which may be less consequential for smaller-unit demand profiles but is a consideration for family-oriented renters.
Safety indicators in the immediate neighborhood trend below national safety norms, with violent and property offense rates comparatively elevated. Within the New York–Jersey City–White Plains metro (889 neighborhoods), this places the area in a weaker safety cohort. That said, recent year-over-year trends indicate improvement, with declines in estimated violent and property offenses, which investors may view as a constructive directional signal rather than a resolved risk.
For underwriting and operations, this context suggests emphasizing security-forward property management, lighting and access controls, and resident engagement to support retention, while monitoring whether the improving trend persists relative to metro peers.
Proximity to Midtown employment nodes supports a sizable commuter renter base. Nearby employers include technology consulting, media, and corporate headquarters that help anchor daily workforce flows and can aid leasing stability for workforce-oriented units.
- Cognizant — technology consulting (5.3 miles)
- Cognizant Technology Solutions — technology consulting (5.4 miles) — HQ
- Disney ABC Television Group — media (5.8 miles)
- Loews — diversified holdings (6.0 miles) — HQ
- Ralph Lauren — apparel & lifestyle (6.0 miles) — HQ
The property’s 1987 construction stands newer than much of the neighborhood’s mid-century housing, offering competitive positioning versus older stock while allowing for targeted upgrades to drive rent premiums. Neighborhood occupancy is high and renter concentration is substantial, supporting a deep tenant base and stable leasing. Elevated ownership costs in the area tend to sustain rental demand, while, according to CRE market data from WDSuite, household growth and smaller household sizes within a 3-mile radius point to a steady or expanding renter pool for smaller-format units.
Key considerations include affordability pressure relative to incomes and below-average school ratings, which heighten the importance of asset management, amenity selection, and thoughtful pricing strategies. Safety metrics remain a watch item despite recent improvements, and should be reflected in operating plans and underwriting assumptions.
- Newer-than-neighborhood vintage (1987) with clear value-add and modernization pathways versus older local stock
- Strong neighborhood occupancy and high renter-occupied share underpin leasing stability
- Amenity-rich urban setting and proximity to major employers support day-to-day livability and demand
- High-cost ownership market reinforces reliance on rentals, aiding demand depth and pricing power
- Risks: affordability pressure, weaker school ratings, and below-average safety—mitigated by recent crime trend improvements and proactive management