| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Good |
| Demographics | 24th | Poor |
| Amenities | 82nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1702 Bryant Ave, Bronx, NY, 10460, US |
| Region / Metro | Bronx |
| Year of Construction | 2013 |
| Units | 42 |
| Transaction Date | 2005-01-27 |
| Transaction Price | $650,000 |
| Buyer | REDBROOK PROPERTIES LLC |
| Seller | GIULIANO JOSEPH V |
1702 Bryant Ave, Bronx Multifamily Investment Opportunity
Neighborhood occupancy is in the low-to-mid 90s and renter demand is deep, according to WDSuite s CRE market data, supporting stable leasing conditions around this 2013-built asset. The area s high renter concentration indicates a broad tenant base, while newer construction offers relative competitiveness versus older local stock.
Situated in the Urban Core of the Bronx, the neighborhood rates above the metro median (rank 390 of 889) and shows solid fundamentals for workforce-oriented rentals. Neighborhood occupancy stands at 95.3% (73rd percentile nationally), indicating generally steady absorption and lease retention across nearby properties rather than this asset specifically.
Daily-life amenities are a clear strength: grocery and pharmacy access sit near the top of national distributions, and restaurant density is also high. These convenience factors tend to support resident satisfaction and reduce turnover, particularly for smaller-format units typical of urban stock.
The property 201913 vintage is newer than the neighborhood 27s average construction year of 1970, which typically improves competitive positioning on systems and finishes. Investors should still underwrite routine modernization over the hold to maintain an edge as nearby properties reinvest.
Within a 3-mile radius, households increased while population edged down modestly over the last five years, pointing to smaller household sizes and a broader renter pool. Looking ahead, WDSuite 27s commercial real estate analysis indicates households are projected to expand further by 2028, which would deepen the tenant base and support occupancy stability. Elevated home values relative to incomes signal a high-cost ownership market, which can sustain reliance on rentals; at the same time, a rent-to-income ratio near the upper range suggests affordability pressure that warrants disciplined renewal strategies.
Safety indicators in this neighborhood track below national averages overall, with violent and property offense rates positioned in lower national percentiles. Relative to other New York 31Jersey City 31White Plains metro neighborhoods (392 of 889), the area reflects higher reported crime than many peers; however, recent year-over-year trends show double-digit declines in both violent and property offenses, signaling incremental improvement. Investors typically account for this by emphasizing on-site security, lighting, and resident engagement to support retention.
Proximity to major Manhattan employment nodes supports commute convenience for renters. Notable nearby employers include JetBlue Airways, Disney ABC Television Group, Loews, Ralph Lauren, and Est e9e Lauder, which help anchor diversified white-collar demand within typical multifamily commuting ranges.
- Jetblue Airways airlines HQ/corporate (6.5 miles) HQ
- Disney ABC Television Group media offices (6.6 miles)
- Loews diversified holdings corporate (6.7 miles) HQ
- Ralph Lauren apparel corporate (6.7 miles) HQ
- Estee Lauder beauty products corporate (6.8 miles) HQ
1702 Bryant Ave combines a newer 2013 vintage with an urban renter ecosystem where neighborhood occupancy trends in the mid 90% range and renter-occupied housing is prevalent. Based on CRE market data from WDSuite, these neighborhood metrics point to a sizeable tenant base and generally resilient leasing, while newer construction enhances competitiveness versus older nearby stock.
Within a 3-mile radius, households have grown despite a slight population dip, effectively broadening the renter pool; projections point to further household growth by 2028, which should support demand. Investors should balance these positives against affordability pressures (higher rent-to-income dynamics) and below-average safety benchmarks by underwriting renewals carefully and reserving for ongoing operating enhancements.
- Newer 2013 construction versus older area stock supports competitive positioning and reduces near-term CapEx risk
- Neighborhood occupancy around 95% and high renter concentration support leasing stability
- Strong amenity access (grocery, pharmacy, restaurants) aids retention and marketing
- 3-mile household expansion and projected growth by 2028 point to a deeper tenant base
- Risks: below-average safety and elevated rent-to-income ratios require disciplined leasing and expense planning