| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Good |
| Demographics | 24th | Poor |
| Amenities | 82nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1700 Crotona Park E, Bronx, NY, 10460, US |
| Region / Metro | Bronx |
| Year of Construction | 1926 |
| Units | 102 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1700 Crotona Park E, Bronx Multifamily Investment
Urban-core renter demand and neighborhood occupancy stability point to durable leasing, according to WDSuite s CRE market data.
Located in the Bronx s Urban Core, the area surrounding 1700 Crotona Park E shows resilient renter demand: neighborhood occupancy is strong and has trended upward in recent years, reinforcing day-one leasing stability at the property level (occupancy is measured for the neighborhood, not this asset; based on CRE market data from WDSuite).
Amenity access is a clear differentiator. The neighborhood ranks in the top quartile for overall amenities among 889 metro neighborhoods, with dense coverage of grocery, pharmacy, and dining options that supports daily needs and keeps the location competitive with other New York-Jersey City-White Plains submarkets.
The area is predominantly renter-occupied, with a very high share of housing units leased rather than owned. For investors, this points to a deep tenant base and consistent multifamily absorption. Elevated home values in the neighborhood relative to local incomes suggest a high-cost ownership market, which tends to sustain reliance on rental housing and can support pricing power when managed thoughtfully.
Within a 3-mile radius, demographics indicate a large population and growing household counts over the next five years, alongside smaller average household sizes. This combination typically expands the renter pool and supports occupancy stability, even if population growth is modest. Rent levels have risen over the last five years, but careful lease management is warranted given measured affordability pressure relative to incomes.
Vintage context: the property s 1974 construction is slightly newer than the neighborhood s prevailing stock from around 1970. That positioning can be competitive versus older buildings, while still leaving room for targeted modernization or system upgrades to drive value-add returns.
Safety trends should be monitored. The neighborhood s crime profile is below national averages, and its crime rank sits below the metro median when compared against 889 New York-Jersey City-White Plains neighborhoods, signaling a need for prudent security and resident-experience planning.
Recent momentum is constructive: both violent and property offense rates have declined at a double-digit pace over the last year, according to WDSuite s CRE market data. For investors, this trend can support retention and leasing if it continues, but underwriting should remain conservative and account for variability across blocks.
Proximity to Midtown and major corporate offices broadens the commuter tenant base and can support lease retention. Key employers within typical commuting range include media, airlines, and diversified corporate headquarters listed below.
- Disney ABC Television Group media (6.5 miles)
- Jetblue Airways airline HQ operations (6.5 miles) HQ
- Loews diversified holding company (6.6 miles) HQ
- Cognizant technology services (6.6 miles)
- Cognizant Technology Solutions technology services (6.6 miles) HQ
This 102-unit, 1974-vintage asset in the Bronx s Urban Core benefits from a deep renter base, strong neighborhood occupancy, and dense everyday amenities. The building s slightly newer vintage versus local averages creates competitive positioning against older stock, with potential to capture value through targeted renovations and system updates. According to CRE market data from WDSuite, neighborhood occupancy remains solid while the area s high-cost ownership landscape supports sustained reliance on rental housing.
Within a 3-mile radius, forecasts point to an increase in households and smaller household sizes, which typically expand the renter pool and support leasing. Balanced against these strengths, investors should underwrite for affordability pressure relative to incomes, modest school ratings, and safety variability even amid recent year-over-year crime declines.
- Renter concentration and solid neighborhood occupancy support day-one leasing stability
- Dense grocery, pharmacy, and dining access enhances livability and retention
- 1974 vintage offers competitive positioning versus older stock with value-add upside
- High-cost ownership market reinforces multifamily demand and pricing power potential
- Risks: affordability pressure, below-average school ratings, and safety variability warrant conservative underwriting