| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Poor |
| Demographics | 19th | Poor |
| Amenities | 100th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 17 W 182nd St, Bronx, NY, 10453, US |
| Region / Metro | Bronx |
| Year of Construction | 1936 |
| Units | 65 |
| Transaction Date | 2001-01-18 |
| Transaction Price | $2,068,500 |
| Buyer | 17 WEST 182 LLC |
| Seller | 17 WEST 182ND STREET LLC |
17 W 182nd St Bronx Multifamily Investment
Neighborhood occupancy is high and renter concentration is deep, pointing to durable tenant demand according to WDSuite s CRE market data. Strong amenity density supports leasing stability for workforce-oriented apartments in the Bronx Urban Core.
Situated in the Bronx Urban Core (neighborhood rating: B), the area around 17 W 182nd St shows resilient rental fundamentals. Neighborhood occupancy is 96.9% (above the national median at the 82nd percentile), indicating steady absorption and limited chronic vacancy at the neighborhood level, based on CRE market data from WDSuite.
Amenity access is a clear strength. Cafes, restaurants, groceries, parks, and pharmacies all index in the top percentiles nationally, which typically supports day-to-day convenience and renter retention. This positions the property competitively among New York-Jersey City-White Plains, NY-NJ neighborhoods for lifestyle access without overreliance on destination retail.
The share of housing units that are renter-occupied is very high in this neighborhood (top national percentile), which signals a deep renter base and consistent demand for multifamily product. While the average school rating in the neighborhood trails metro and national norms, amenity density and transit connectivity tendencies in Urban Core locations often offset some family-oriented preferences by broadening the pool of adult renters.
Within a 3-mile radius, households have increased in recent years even as population was roughly flat to slightly down, implying smaller average household sizes and a larger number of households competing for units. Forecasts indicate continued growth in households alongside further declines in average household size, which typically supports occupancy stability for multifamily. Elevated home values in the neighborhood (upper percentiles nationally) point to a high-cost ownership market, which can reinforce reliance on rental housing and support pricing power, though lease management should account for rent-to-income pressures.
Safety indicators in the surrounding neighborhood track below national medians, with violent and property offense measures sitting in low national percentiles. However, recent year-over-year trends point to improvement, with both violent and property offense estimates declining. For investors, this suggests monitoring trajectory and on-site measures, while recognizing that Urban Core locations can still deliver strong occupancy given dense amenities and transit access.
Relative to the New York-Jersey City-White Plains, NY-NJ metro (889 neighborhoods), the area sits roughly around the metro middle on crime rankings, underscoring the importance of professional management and resident screening to sustain performance.
Proximity to Midtown and Upper Manhattan anchors a diversified employment base that supports commuter demand, including technology services, media, consumer brands, and corporate headquarters noted below.
- Cognizant — technology services (5.39 miles)
- Cognizant Technology Solutions — technology services (5.42 miles) — HQ
- Disney ABC Television Group — media & entertainment offices (7.01 miles)
- Loews — diversified holding company (7.26 miles) — HQ
- Ralph Lauren — apparel & lifestyle brand (7.32 miles) — HQ
Built in 1987, the 65-unit property is newer than much of the surrounding housing stock, offering a competitive position versus older Urban Core assets while leaving room for targeted modernization of common areas and building systems as part of a value-add plan. Neighborhood occupancy is strong and the renter-occupied share of housing units is among the highest nationally, supporting a deep tenant base and steady leasing according to CRE market data from WDSuite.
Amenity density is exceptional and ownership costs are elevated in the neighborhood, which typically sustains multifamily demand and can support pricing power. At the same time, investors should underwrite rent-to-income pressures and maintain prudent assumptions given below-median school ratings and safety metrics that, while improving, remain weaker than national norms.
- Newer 1987 vintage versus older local stock, with value-add potential through selective upgrades
- High neighborhood occupancy and very high renter concentration support demand depth
- Exceptional amenity access (food, groceries, parks, pharmacies) bolsters retention and leasing
- High-cost ownership market reinforces renter reliance on multifamily housing
- Risks: affordability pressure (rent-to-income), below-median school ratings, and safety metrics that warrant active management