| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 31st | Poor |
| Amenities | 80th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 158 W 168th St, Bronx, NY, 10452, US |
| Region / Metro | Bronx |
| Year of Construction | 1928 |
| Units | 67 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
158 W 168th St Bronx Multifamily Investment Thesis
Neighborhood occupancy is competitive within the New York–Jersey City–White Plains metro and sits in the top quartile nationally, supporting income stability for a 67-unit asset, according to WDSuite’s CRE market data. A high renter concentration in the immediate area underpins demand depth, while ownership costs in the Bronx tilt households toward multifamily housing.
This Urban Core location in the Bronx offers day-to-day convenience that supports renter retention. Neighborhood amenity density is competitive among 889 metro neighborhoods and in the top quintile nationally, led by strong access to groceries, pharmacies, parks, and a broad mix of restaurants. Cafe density is thinner, but overall retail and services coverage helps sustain consistent leasing.
Occupancy for the neighborhood ranks competitively within the metro and in the top quartile nationally, signaling stable renter demand relative to U.S. peers (based on CRE market data from WDSuite). The share of housing units that are renter-occupied is very high, indicating a deep tenant base for multifamily. Median contract rents in the area trend above national midpoints, while rent-to-income ratios suggest affordability pressure that owners should manage through diligent lease strategy and renewal planning.
Home ownership costs are elevated versus incomes in this neighborhood and metro context, which tends to reinforce reliance on rental housing and can support pricing power for well-maintained assets. However, average school ratings trail national norms; for family-oriented renters prioritizing schools, this may temper leasing velocity or renewals, so positioning and amenity upgrades can matter.
Demographic indicators aggregated within a 3-mile radius show a large, diversified population with modest recent growth and a projected increase in households, implying a larger tenant base over the next few years. Smaller average household sizes are expected, which can sustain demand for studios and smaller one-bedrooms typical of urban stock.
Safety conditions in the surrounding neighborhood trend below national averages, while landing around the metro median among 889 New York–Jersey City–White Plains neighborhoods. Recent year-over-year declines in both property and violent offense estimates indicate improvement, but the area still compares less favorably to many U.S. neighborhoods. Investors should underwrite with pragmatic assumptions and consider common-area security, lighting, and property management best practices to support resident comfort.
Proximity to Midtown corporate offices supports commuter convenience and a broad white-collar renter pool. Key employers within roughly 4.8–5.7 miles include IT services, media, hospitality/corporate, and fashion headquarters, which can aid leasing stability for workforce and professional tenants.
- Cognizant — IT services (4.8 miles)
- Cognizant Technology Solutions — IT services (4.84 miles) — HQ
- Disney ABC Television Group — media (5.3 miles)
- Loews — hospitality & corporate (5.59 miles) — HQ
- Ralph Lauren — apparel & retail (5.65 miles) — HQ
158 W 168th St was built in 1992, newer than much of the Bronx housing stock, which can provide a competitive edge versus older buildings while leaving room for system updates or targeted renovations. Neighborhood occupancy ranks competitively within the metro and in the top quartile nationally, and the area’s very high renter-occupied share points to durable tenant demand. Amenity access is strong for daily needs, and proximity to major employment nodes supports leasing velocity.
Affordability signals show above-midpoint rents alongside elevated rent-to-income levels, so operators should focus on renewal management and resident experience to sustain retention. Safety benchmarks sit below national norms but have trended better year over year; prudent capital planning for lighting, access control, and on-site management can mitigate risk. According to CRE market data from WDSuite, these dynamics together suggest income stability potential with value-add upside through modernization and operations.
- Competitive neighborhood occupancy and deep renter base support leasing stability
- 1992 vintage offers relative competitiveness with selective modernization upside
- Strong amenity access and proximity to major employers bolster demand
- Affordability pressure requires disciplined renewal strategy and expense control
- Safety benchmarks below national norms warrant active management and security investment