| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Best |
| Demographics | 26th | Poor |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1820 Loring Pl S, Bronx, NY, 10453, US |
| Region / Metro | Bronx |
| Year of Construction | 1926 |
| Units | 73 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1820 Loring Pl S, Bronx Multifamily in Rental-Dominant Submarket
Positioned in a renter-heavy Bronx neighborhood with historically high occupancy, this 73-unit asset benefits from steady demand and dense amenity access, according to WDSuite’s CRE market data. The location supports leasing durability while offering operational levers for value optimization.
The property sits in an Urban Core pocket of the New York–Jersey City–White Plains metro rated B and ranked 366 out of 889 neighborhoods, placing it above the metro median overall. Amenity density is a clear advantage: cafes, groceries, restaurants, parks, and pharmacies all register in the upper national percentiles, translating into daily convenience that helps sustain renter interest and lease retention.
Neighborhood occupancy trends are a highlight. The area’s occupancy rate is ranked 142 of 889 in the metro (top quartile nationally), indicating strong absorption and limited downtime risk relative to many U.S. neighborhoods. Renter-occupied housing is prevalent both locally (neighborhood renter concentration is high) and within a 3-mile radius (renter share near nine in ten units), underscoring depth of the tenant base and consistent multifamily demand.
Income and rent context suggests balanced but watchful operations. Median contract rents sit above the national midpoint while rent-to-income ratios are elevated, implying affordability pressure that calls for disciplined lease management and amenity-driven retention rather than aggressive pricing. At the same time, the surrounding ownership market skews high-cost for many households, which generally supports reliance on rental housing and helps sustain demand for apartments.
Vintage positioning offers a relative edge. The neighborhood’s average construction year is 1952, while the subject’s 1983 build is newer than much of the local stock—supporting competitive positioning versus older assets. Investors should still plan for system updates and selective renovations typical for 1980s product, which can unlock value-add potential and improve operating efficiency.
Within a 3-mile radius, total population has been essentially flat in recent years, but household counts increased and average household size declined. Projections call for modest population growth and a meaningful increase in households alongside smaller household sizes, signaling a larger tenant base and potential renter pool expansion that can support occupancy stability over the medium term, based on CRE market data from WDSuite.
Safety conditions are mixed and should be evaluated as part of underwriting. The neighborhood’s crime ranking sits in the less favorable half of the New York–Jersey City–White Plains metro (ranked 411 of 889), and national comparisons indicate below-median safety (around the 30th percentile nationally). Violent-offense benchmarks are particularly low on a national basis. That said, recent trend data shows estimated year-over-year declines in both violent and property offense rates, suggesting directional improvement.
For investors, this implies careful tenant-experience planning and security measures may be prudent. Comparing nearby blocks can be misleading; evaluating the broader neighborhood trend and property-specific operations is recommended to understand how on-site management and visibility can support resident retention.
Proximity to major Manhattan and Midtown employment nodes supports commute convenience for renters. Notable nearby employers include Cognizant, Cognizant Technology Solutions, Disney ABC Television Group, Loews, and Ralph Lauren, which collectively broaden the white-collar employment base that can underpin leasing stability.
- Cognizant — technology services (5.0 miles)
- Cognizant Technology Solutions — technology services (5.0 miles) — HQ
- Disney ABC Television Group — media (6.4 miles)
- Loews — diversified holdings (6.7 miles) — HQ
- Ralph Lauren — apparel & lifestyle (6.8 miles) — HQ
1820 Loring Pl S aligns with a renter-dominant Bronx location where neighborhood occupancy ranks in the top tier of the metro and in the upper national percentiles. Amenity density is a competitive strength, supporting retention and lease-up, while the 1983 vintage is relatively newer than much of the local housing stock—providing both defensive positioning against older assets and practical avenues for targeted renovations. According to CRE market data from WDSuite, the area’s rent levels and high renter concentration point to a deep tenant base, though elevated rent-to-income ratios warrant disciplined renewal strategies.
Demographic indicators within a 3-mile radius show stable population and growth in households, with projections calling for additional household gains and smaller average household size—signals that generally expand the renter pool and support occupancy stability. Key risks include safety benchmarks below national medians and lower average school ratings, both of which should be considered in marketing, on-site programming, and capital planning.
- High neighborhood occupancy and deep renter base support stable leasing
- 1983 vintage newer than area average, with value-add and systems-upgrade potential
- Dense amenities and strong regional job access bolster retention and absorption
- Watch affordability pressure; emphasize renewal management and service quality
- Risk: Safety metrics below national medians; plan for security and resident experience