| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Good |
| Demographics | 23rd | Poor |
| Amenities | 67th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1465 Townsend Ave, Bronx, NY, 10452, US |
| Region / Metro | Bronx |
| Year of Construction | 1927 |
| Units | 106 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1465 Townsend Ave Bronx Multifamily Investment
Positioned in an Urban Core pocket with strong renter demand and high neighborhood occupancy, this 106-unit asset offers income durability potential, according to WDSuite’s CRE market data.
The immediate neighborhood rates C+ and is Urban Core within the New York–Jersey City–White Plains metro, with neighborhood performance competitive among metro peers (rank 530 of 889). Investor appeal centers on durable renter demand: neighborhood occupancy is in the top quartile among 889 metro neighborhoods, supporting lease-up and retention strategies. Renter-occupied share is extremely high (rank 9 of 889), indicating a deep tenant base for multifamily.
Daily-needs access is a strength. Amenity availability is strong versus national benchmarks (amenities 82nd percentile nationally), with restaurants and groceries both testing near the top of nationwide distributions. This density of services tends to support renter retention and lowers friction for everyday living, especially for workforce households.
Within a 3-mile radius, households have grown even as population edged down slightly, implying smaller household sizes and a broader pool of households entering the rental market. Income levels have trended higher over the last five years, and neighborhood median contract rents have risen from a lower base, suggesting continued pricing power needs to be balanced with affordability management.
Home values sit well above many U.S. neighborhoods (nationally around the upper quartile) and the value-to-income ratio is high by national standards. This is a high-cost ownership market, which can reinforce reliance on rental housing and support occupancy stability for well-managed multifamily assets. Average school ratings trail national norms, which some family renters may weigh when making location decisions.
Vintage considerations: the property was built in 1990, notably newer than the neighborhood’s older housing stock (average vintage 1951). That relative youth can be a competitive advantage versus prewar inventory, though investors should underwrite ongoing modernization of systems and common areas to match contemporary renter expectations.
Safety trends are mixed and should be evaluated in context. Relative to the 889 neighborhoods in the metro, the area’s crime ranking is below the metro median (rank 377 of 889). Compared with neighborhoods nationwide, overall safety sits below average (about the 32nd percentile). Recent trend data shows year-over-year declines in violent incidents, an improving direction that investors often monitor alongside property-level security and management practices.
Takeaway for underwriting: consider enhanced on-site security protocols and community engagement, and compare historical incident trends to peer Bronx neighborhoods to calibrate risk-adjusted rent growth and operating expense assumptions.
Nearby corporate employment anchors within typical commuting distance support renter demand and retention, including Cognizant, Cognizant Technology Solutions, Disney ABC Television Group, Loews, and Ralph Lauren.
- Cognizant — technology services (5.2 miles)
- Cognizant Technology Solutions — technology services (5.3 miles) — HQ
- Disney ABC Television Group — media & entertainment offices (5.8 miles)
- Loews — diversified holdings (6.0 miles) — HQ
- Ralph Lauren — apparel & lifestyle (6.1 miles) — HQ
This 106-unit property at 1465 Townsend Ave benefits from a deep renter pool and high neighborhood occupancy, supporting revenue stability. The 1990 construction is materially newer than much of the local housing stock, offering relative competitiveness versus older buildings while still allowing for targeted value-add through system upgrades and common-area refresh. Elevated ownership costs in the area tend to sustain demand for rentals, and within a 3-mile radius, the increase in households and rising incomes expand the tenant base, which can support consistent leasing. Based on commercial real estate analysis from WDSuite, neighborhood occupancy trends remain above many metro peers.
Key considerations for underwriting include affordability pressure (high rent-to-income ratios in the neighborhood), limited park access nearby, and below-average school ratings. Security planning remains important given safety metrics that trail national averages, though recent declines in violent incidents point to improving momentum that professional management can build upon.
- High neighborhood occupancy and deep renter-occupied share support leasing stability
- 1990 vintage is newer than area norms, with value-add potential through modernization
- Dense retail, groceries, and services underpin renter convenience and retention
- Household growth and income gains within 3 miles expand the tenant base
- Risks: affordability pressure, limited parks, below-average schools, and safety metrics below national averages