| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Good |
| Demographics | 24th | Poor |
| Amenities | 82nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1700 Longfellow Ave, Bronx, NY, 10460, US |
| Region / Metro | Bronx |
| Year of Construction | 1929 |
| Units | 55 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1700 Longfellow Ave Bronx Multifamily Investment
Neighborhood-level occupancy remains firm and renter demand is deep, according to WDSuite’s CRE market data, though these metrics describe the surrounding area rather than the property itself. Investors should expect durable leasing supported by an urban tenant base and weigh affordability pressure when underwriting.
This Urban Core neighborhood in the Bronx scores a B rating and places competitive among New York-Jersey City-White Plains metro neighborhoods (ranked 390 of 889), signaling balanced fundamentals for workforce-oriented multifamily. Amenity access is a clear strength: the area sits in the top quartile nationally for overall amenities, with grocery, restaurant, park, and pharmacy density all testing well above national norms, per WDSuite.
Renter concentration is high at the neighborhood level (share of housing units that are renter-occupied near the top of national peers), which typically supports a larger tenant base and steadier occupancy through cycles. Neighborhood occupancy is also above the national median and has improved over the last five years, adding a favorable backdrop for lease-up and retention. These are neighborhood indicators and not building-specific performance.
Within a 3-mile radius, demographic statistics show households have grown even as average household size edged lower, indicating smaller household formations that can reinforce demand for apartments. WDSuite’s outlook points to additional household growth over the next five years, which would expand the renter pool and help support occupancy stability.
Ownership costs in the neighborhood test high relative to incomes by national comparison, while median contract rents benchmark closer to mid-range nationally. For investors, this combination often sustains reliance on rental housing and can aid pricing power, but it also warrants attention to rent-to-income ratios when planning renewals and concessions. Average school ratings in the area track below national norms; for family-oriented product mixes, this can influence marketing strategy and tenant segmentation.
Safety conditions should be evaluated carefully. Compared with other neighborhoods nationwide, this area rates below average on safety measures; within the New York-Jersey City-White Plains metro, it sits below the median among 889 neighborhoods. That said, WDSuite’s data indicates year-over-year declines in both property and violent offense estimates, suggesting recent directional improvement. Use building-level controls and block-specific due diligence to assess on-the-ground risk.
Proximity to major employers supports a broad commuter tenant base and can aid retention for workforce housing. Notable nearby corporate offices include airlines, media, hospitality, apparel, and cosmetics anchors listed below.
- JetBlue Airways — airlines (6.5 miles) — HQ
- Disney ABC Television Group — media (6.6 miles)
- Loews — hospitality (6.7 miles) — HQ
- Ralph Lauren — apparel (6.7 miles) — HQ
- Estée Lauder — cosmetics (6.8 miles) — HQ
Built in 1975 with 55 units, the property is slightly older than the neighborhood’s average vintage. Investors should plan for targeted capital improvements and consider value-add upgrades to modernize interiors and systems, which can enhance competitiveness against newer stock. Neighborhood fundamentals favor rentals: high renter-occupied share, solid occupancy, and dense amenities that support everyday convenience.
Household growth within a 3-mile radius and smaller average household sizes point to a larger tenant base over time, supporting leasing stability. Elevated ownership costs versus incomes in the neighborhood reinforce reliance on multifamily housing, while mid-range rent positioning can help sustain demand if managed with attention to rent-to-income. According to CRE market data from WDSuite, safety metrics have improved year over year but remain below national averages, so underwriting should incorporate prudent security and retention strategies.
- Urban renter base with strong neighborhood occupancy and amenity density supports leasing durability.
- 1975 vintage offers value-add potential through targeted renovations and system updates.
- Household growth within 3 miles and smaller household sizes expand the tenant pool, aiding retention.
- Elevated ownership costs sustain renter reliance, with rents positioned near mid-range nationally.
- Risks: below-average safety metrics and renter affordability pressure require conservative leasing and OPEX planning.