| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Good |
| Demographics | 23rd | Poor |
| Amenities | 67th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1475 Sheridan Ave, Bronx, NY, 10457, US |
| Region / Metro | Bronx |
| Year of Construction | 1929 |
| Units | 100 |
| Transaction Date | 2010-05-05 |
| Transaction Price | $4,855,420 |
| Buyer | 1475 PALACE TOO LLC |
| Seller | 1475 SHERIDAN AVE OWNER LLC |
1475 Sheridan Ave Bronx Multifamily Investment Profile
Neighborhood occupancy remains elevated and renter demand is deep, according to WDSuite’s CRE market data, supporting a stable income thesis for a 1985-vintage, 100-unit asset in the Bronx Urban Core.
This Urban Core location in the Bronx offers strong day-to-day convenience. Neighborhood amenity density tests well above national norms, with abundant grocery and pharmacy options and a broad restaurant and cafe mix, while park access is limited. Average public school ratings trend on the lower side, which can moderate family-oriented demand but has less impact on smaller-unit leasing.
The neighborhood’s occupancy is high at the neighborhood level (top quartile nationally and strong within the New York metro), indicating durable renter demand rather than property-specific performance. Renter-occupied share of housing is also very high locally, signaling a large tenant base and potential leasing depth across cycles.
Within a 3-mile radius, households have grown in recent years even as average household size edged down, expanding the addressable renter pool and supporting occupancy stability. Forward-looking estimates point to additional household growth and higher nominal incomes by the mid-term, which should help sustain absorption and rent levels.
Home values sit on the higher side relative to many U.S. neighborhoods, a high-cost ownership context that tends to reinforce reliance on multifamily rentals and supports retention in stabilized assets. At the same time, rent-to-income ratios indicate some affordability pressure; operators should emphasize lease management and renewal strategies. For investors conducting multifamily property research, the 1985 construction year is newer than much of the surrounding stock, suggesting a competitive position versus older buildings while still allowing targeted modernization to drive value.
Safety metrics for the neighborhood trend below the national median, with violent and property offense measures positioned in lower national percentiles compared to neighborhoods nationwide. Recent data shows year-over-year declines in both categories, which is a constructive signal, but investors should underwrite conservative security, lighting, and access-control assumptions and monitor local trendlines.
Given the urban context, it is prudent to frame safety comparatively at the neighborhood level rather than the block. Operators often mitigate with on-site protocols and partnerships, and investors should evaluate historical incident trends alongside property-specific features before drawing conclusions.
Proximity to major Manhattan employment nodes supports renter demand, with nearby corporate offices across technology, media, hospitality, and fashion providing commute convenience for a broad workforce.
- Cognizant — technology services (5.45 miles)
- Cognizant Technology Solutions — technology services (5.48 miles) — HQ
- Disney ABC Television Group — media (5.84 miles)
- Loews — hospitality & corporate offices (6.05 miles) — HQ
- Ralph Lauren — apparel & corporate offices (6.12 miles) — HQ
1475 Sheridan Ave is a 100-unit, 1985-vintage multifamily asset positioned in a renter-heavy Bronx neighborhood where neighborhood occupancy is strong and amenity access is dense. The property’s vintage is newer than much of the surrounding housing stock, which can offer a competitive edge versus older buildings while leaving room for targeted system upgrades and common-area modernization to enhance positioning.
Based on CRE market data from WDSuite, the neighborhood shows high renter-occupied share and sustained occupancy, supporting an income-focused thesis. Smaller average unit size suggests an attainable housing orientation that can help with leasing velocity in a high-cost ownership market. Key underwriting considerations include area safety perceptions, limited park access, and rent-to-income pressures that call for disciplined renewal strategies and resident retention programs.
- High neighborhood occupancy and deep renter base support income stability
- 1985 vintage is newer than local average, enabling value-add through targeted upgrades
- Amenity-rich urban setting with strong grocery, pharmacy, and dining access aids retention
- Smaller average unit size aligns with attainable positioning in a high-cost ownership market
- Risks: below-median safety metrics, limited parks, and affordability pressure require active management