| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Best |
| Demographics | 26th | Poor |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1895 Dr Martin L King Jr Blvd, Bronx, NY, 10453, US |
| Region / Metro | Bronx |
| Year of Construction | 1924 |
| Units | 47 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1895 Dr Martin L King Jr Blvd Bronx Multifamily
Neighborhood occupancy has remained strong relative to the metro, according to WDSuite’s CRE market data, supporting durable renter demand for stabilized assets.
Situated in the Bronx Urban Core, the property benefits from a renter-driven neighborhood with a high share of renter-occupied housing units. This depth of the tenant base supports leasing stability and renewal probability for multifamily owners.
Amenity access is a clear strength: the area ranks competitively for groceries, restaurants, parks, pharmacies, and cafes (all at or near the top quartile nationally). This concentration of daily-needs retail and services tends to reinforce day-to-day livability and supports sustained renter demand.
At the neighborhood level, occupancy trends are competitive among New York–Jersey City–White Plains neighborhoods and in the top quartile nationally, indicating steady absorption and limited downtime between turns. Median contract rents in the neighborhood sit near the upper mid-range nationally, suggesting room to position units thoughtfully while monitoring affordability pressure.
Within a 3-mile radius, households have increased in recent years and are projected to expand further, with average household size trending smaller. This points to a larger, diversified renter pool over time, which can support occupancy stability and broaden demand for a range of unit types.
Vintage and positioning: Built in 1984, the asset is newer than much of the surrounding housing stock. This relative age advantage can improve competitive positioning versus older buildings, while still leaving room for targeted modernization to enhance rents and retention.
Schools and family appeal: Average school ratings in the neighborhood trail national norms. Operators should calibrate marketing and amenity packages accordingly, leaning into convenience, access to services, and efficient layouts to attract and retain households prioritizing value and proximity.
Safety indicators for the neighborhood sit below national averages, with national percentiles indicating relatively higher crime compared with many U.S. neighborhoods. Within the New York–Jersey City–White Plains metro, the neighborhood’s crime standing is around the middle of the pack among 889 neighborhoods. Recent year-over-year trends show declines in both violent and property offense rates, which owners can monitor as part of ongoing risk assessment and resident-relations planning.
The location draws from a deep Manhattan-centric employment base that supports commuter convenience and renter demand, including Cognizant, Cognizant Technology Solutions, Disney ABC Television Group, Loews, and Ralph Lauren.
- Cognizant — technology services (5.1 miles)
- Cognizant Technology Solutions — technology services (5.1 miles) — HQ
- Disney ABC Television Group — media & entertainment (6.5 miles)
- Loews — diversified holdings (6.8 miles) — HQ
- Ralph Lauren — apparel & retail (6.9 miles) — HQ
This 47-unit 1984-vintage asset sits in a renter-heavy Bronx neighborhood where occupancy trends are competitive within the New York–Jersey City–White Plains metro and in the top quartile nationally. According to CRE market data from WDSuite, amenity density is a standout, supporting day-to-day livability and helping sustain demand. The building’s relative vintage versus older area stock can offer a positioning edge, while targeted upgrades may unlock additional rent and retention upside.
Within a 3-mile radius, households have been growing with smaller average household sizes expected over time, implying a broader renter pool and diversified demand for compact, efficient layouts. Operators should balance pricing strategies against noted affordability pressure and monitor safety trends, while leveraging proximity to major employment centers to support leasing velocity.
- Competitive neighborhood occupancy and strong amenity density support leasing stability.
- 1984 vintage is newer than nearby stock, with value-add modernization potential.
- Expanding household counts within 3 miles point to a larger renter pool over time.
- Proximity to major employers underpins demand and renewal probabilities.
- Risks: below-average safety metrics nationally and affordability pressure require active management.